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Gallantt Metal Ltd. Company History and Annual Growth Details

Gallantt Metal Limited (GML), a closely held public limited company, was
incorporated in February 2005 having its registered office at "Centre Point",
21, Hemant Basu Sarani, 3rd Floor, Room No. 306, Kolkata- 700 001, India .
GML has been promoted by Shri Chandra Prakash Agrawal, Shri Dinesh
R. Agarwal, Shri Nitin Kandoi and P.B. Mercantiles Pvt. Ltd.

The promoter directors of the company are in diversified business. Shri
Chandra Prakash Agrawal had promoted Govind Mills Limited (GoML) in
1988 to set up a flour mill (18,000 tpa) at Gorakhpur (U.P.). GoML currently
has flour mills in and around Gorakhpur with an aggregate installed capacity
of around 2,50,000 tpa. In 1994, Shri Chandra Prakash set up a steel unit
comprising of Induction furnace and re-rolling mill at Gorakhpur for
manufacturing of M.S. Ingot and M.S Round Bar with an installed capacity
of 52,800 tpa under the same company. Shri Dinesh R. Agarwal, one of the
promoters, had promoted another group company viz. M/s. Ganesh Laxmi
Processors Pvt. Ltd (GLPL) in 1993. GLPL is having dying, printing and
processing house of Art Silk cloth at Surat with an installed capacity of 126
lacs mtrs. p.a.

GML has been incorporated with a view to set up a steel plant at Kutch,
Gujarat, to manufacture Sponge Iron, M.S. Billets, Re-Rolled products (TMT
Bars) with a captive power plant. The proposed project is envisaged to have
the following manufacturing facilities.

* Sponge Iron Plant with a capacity of 99,000 MTPA
* Steel Melt Shop: M.S. Billets via Induction Furnace & Caster Machine Route
with a capacity of 1,76,420


* Re-Rolled Products with a capacity of 1,68,300 MTPA.
* Captive Power Plant of 18 MW capacity


The Company is incorporated in February 2005and the commercial production
is expected to start in December 2005. There are no major events that have
taken place since Company’s incorporation.

-Registered Office of the Company has been shifted 21, Hemant Basu Sarani, Third Floor, Room No. 306, Kolkata 700 001 To "Ashyana" 29C, Bentick Street, Mizzen Floor, Kolkata - 700 069.


-Mr. Virendra Kumar Keshri has been appointed as Additional Director of the Company


--Registered Office of the Company has been shifted from "ASHYANA" 29C, Bentick Street, Mizzen Floor, Kolkata- 700 069 to 11, Crooked Lane, Second Floor, Kolkata- 700069

-Registered Office of the Company has been shifted From 11, Crooked Lane, Second Floor, Kolkata - 700 069 To 1, Crooked Lane, Second Floor, Room No. 222 & 223, Kolkata - 700 069.

-"Repayment of Debt of the Company".

-Gallantt Metal Ltd has informed regarding Order of Honorable High Court at Calcutta approving Amalgamation of Gallantt Udyog Ltd with Gallantt Ispat Ltd.