Submission of Press Release relating to Unaudited Financial Results of the Company for the quarter ended 30th June, 2026.

Gnuxnt-lT GILIGKP/2026-27 luly 27,2O26 BSE Limited National Stock Exchange of lndia Limited Floor 25, P J Towers, Dalal Street "EXCHANGE PLAZA,,, Mumbai- 400 001. tNDlA. Bandra - Kurla Complex, Bandra (East) Scrip Code: 532726 Mumbai - 400 051. lNDlA. Symbol: GAttANTT Sir/Madam, SUB: PRESS RELEASE Please find enclosed herewith our Press Release relating to the Unaudited Financial Results of the Company for the quarter ended 30th June, 2026 which we shall be releasing after sending this letter to you. This is for your information and dissemination. Thanking You, Yours faithfully, For GA[[ANTT ISPAT LIMITED Nitesh Kumar COMPANY SECRETARY M. No. F7496 Encl: As above GALLANTT ISPAT LIMITED CIN: L27I09UP2005PLCI95650 Registered Office & Gorakhpur Unit Gorakhpur Industrial DeveloPment Authority (GIDA)' Sahianwa, Gorakhpur - 273209' Uftar Pradesh Tele-fax 0551 3515500, E-mail csgnl@gallantt'com' Website: www'gallantt'com GuiaratUnihSurveyNo.lT5fl,NearTollGate,Samakhyali,Bhachau,Distt.Kutch-37015QGuiarat Gallan(cid:425) Ispat Limited Financial Results Press Release Q1FY27 EBITDA Margin at 18% | PAT Margin at 11% | Capex of ₹ 3000 Cr on Track Gorakhpur, 27th July, 2026: Gallan(cid:425) Ispat Limited, the largest producer of Rebars in U(cid:425)ar Pradesh with a 25% market share in its addressable geographies, has announced its Q1 & FY27 Financial Results The Company's performance during the quarter reflected so(cid:332)er steel realisa(cid:415)ons and a planned shutdown of its pellet plant for maintenance and u(cid:415)liza(cid:415)on improvement, partly offset by the structural cost advantages of its integrated manufacturing model and the progressive benefits of its backward integra(cid:415)on investments. Q1 FY27 Key Financial Highlights • Revenue from Opera(cid:415)ons for Q1 FY27 stood at ₹1146 Cr, as compared to ₹1128 Cr in Q1 FY26 (YoY: 2%) and ₹1205 Cr in Q4 FY26 (QoQ: -4.8%) • EBITDA for Q1 FY27 was ₹203 Cr (vs ₹254 Cr in Q1 FY26), transla(cid:415)ng to an EBITDA margin of 18% • EBITDA per tonne reduced to ₹8787 in Q1 FY27 as compared to ₹11068 in Q1 FY26 • Profit A(cid:332)er Tax (PAT) for Q1 FY27 reduced to ₹124 Cr with a PAT margin of 11% as compared to ₹178 Cr in Q1 FY26 with a PAT margin of 15% Financial Summary Par(cid:415)culars (₹ Cr) Q1 FY27 Q1 FY26 YoY Q4 FY26 QoQ Revenue from Opera(cid:415)ons 1146 1128 2% 1205 -5% EBITDA 203 254 -20% 209 -3% EBITDA Margin (%) 18% 23% -470 bps 17.3% 50 bps EBITDA per Tonne (₹) 8787 11068 -21% 8882 -1% Profit Before Tax (PBT) 165 216 -24% 162 2% Profit A(cid:332)er Tax (PAT) 124 174 -29% 123 1% PAT Margin (%) 11% 15% -460 bps 10% 100 bps Q1 & FY27 Opera(cid:415)onal Update Produc(cid:415)on Volumes (in KT) Product Q1 FY27 Q1 FY26 YoY Q4 FY26 QoQ Power Plant (MWH) 116 111 4% 116 -1% Pellet (KT) 112.3 174.5 -36% 221.6 -49% DRI – Sponge Iron (KT) 236.4 234.5 2% 244.5 -3% Billets – Steel Melt Shop (KT) 231.4 229.1 1% 235.2 -2% TMT Bars – Rolling Mills (KT) 196.2 196.5 -0.15% 210.2 -7% Sales Volumes (in KT) Product Q1 FY27 Q1 FY26 YoY Q4 FY26 QoQ Pellet (KT) - - - 7.5 -100% DRI – Sponge Iron (KT) 12.3 21.8 -43% 35.6 -65% Billets – Steel Melt Shop (KT) 26.7 26.7 13% 19.3 38% TMT Bars – Rolling Mills (KT) 191.8 191.8 1% 207.5 -8% Key Opera(cid:415)onal Observa(cid:415)ons: Produc(cid:415)on during the quarter was shaped by the planned annual shutdown of the pellet plant, undertaken for maintenance and to improve future u(cid:415)liza(cid:415)on, which in turn moderated volumes across the downstream DRI and steel opera(cid:415)ons. TMT Bar volumes con(cid:415)nued to reflect steady demand from the infrastructure and housing segments. With maintenance ac(cid:415)vi(cid:415)es now complete, Gallan(cid:425) remains op(cid:415)mis(cid:415)c on the pellet plant returning to normalized u(cid:415)liza(cid:415)on levels, suppor(cid:415)ng steadier produc(cid:415)on and greater value capture across its integrated opera(cid:415)ons in the coming quarters. Geopoli(cid:415)cal developments remain a key risk to fuel prices, influencing supply chains, freight costs and global demand sen(cid:415)ment. Management Commentary Mr. C. P. Agrawal, Chairman & Managing Director, Gallan(cid:425) Ispat Limited, commented: “Q1 FY27 was shaped by a seasonally so(cid:332) first quarter for the industry, with the monsoon weighing on construc(cid:415)on o(cid:335)ake and long product prices, par(cid:415)cularly TMT, correc(cid:415)ng through the quarter. Coal and iron ore costs also firmed industry-wide, compounded by ongoing geopoli(cid:415)cal tensions, including the Middle East conflict, which added pressure on global freight and input costs, further amplified in our case by the planned annual shutdown of our pellet plant. Despite this, our opera(cid:415)ng performance held its ground sequen(cid:415)ally. EBITDA margin improved 50 basis points quarter- on-quarter to 18%, and PAT stayed broadly stable at ₹124 crore, even as both remained below last year's par(cid:415)cularly strong base. This resilience reflects the strength of our integrated model, not a pricing tailwind. Our ₹3,000 crore expansion to 1.23 MMTPA remains on track for H2 FY27, and our cap(cid:415)ve iron ore blocks in Rajasthan and U(cid:425)ar Pradesh remain targeted for FY2028, expected to meaningfully strengthen our cost posi(cid:415)on and raw material security going forward.” pg. 1 About Gallan(cid:425) Ispat Limited Gallan(cid:425) Ispat Limited is the largest producer of Rebars in U(cid:425)ar Pradesh with a 25% market share in its addressable geographies. The Company operates an integrated steel manufacturing business from its two manufacturing units; at Gorakhpur (UP) with a capacity of 6 lakh MTPA and at Kutch (Gujarat) with a capacity of 4 lakh MTPA; totalling 1.0 MTPA of finished steel capacity, supported by 129 MW of cap(cid:415)ve power. The Company is backward integrated with pellet manufacturing capacity of 792 KTPA and has secured iron ore mine blocks in U(cid:425)ar Pradesh and Rajasthan. Listed on both BSE (532726) and NSE (GALLANTT) since 2006, Gallan(cid:425) holds an IND AA-/Stable long-term credit ra(cid:415)ng. For more informa(cid:415)on, visit: www.gallan(cid:425).com Safe Harbor Statement Certain statements in this press release may cons(cid:415)tute forward-looking statements. Such statements are subject to a number of risks and uncertain(cid:415)es including fluctua(cid:415)ons in earnings, compe(cid:415)(cid:415)on, economic condi(cid:415)ons, regulatory changes, and other factors. Actual results may differ materially from those expressed or implied. Gallan(cid:425) Ispat Limited does not undertake any obliga(cid:415)on to update or revise any forward-looking statements whether as a result of new informa(cid:415)on, future events, or otherwise. For further informa(cid:415)on, please contact: Gallan(cid:425) Ispat Limited Adfactors PR, Investor Rela(cid:415)ons Nitesh Kumar (Company Secretary) Email: csgml@gallan(cid:425).com Vanessa Fernandes Tel-fax: 0551 3515500 Email: vanessa.fernandes@adfactorspr.com Website: www.gallan(cid:425).com Heer Shah Email: heer.shah@adfactorspr.com ****** pg. 2