Gallantt Ispat Limited has informed the Exchange about Resignation of Director/KMP/SMP
GALLANTT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Two Independent Directors of Gallantt Ispat Limited have tendered their resignations effective May 5, 2026. Mrs. Smita Modi (DIN: 01141396) submitted her resignation from Gorakhpur on April 30, 2026, citing heavy work pressure and pre-occupation. Mr. Pankaj Khanna (DIN: 10377030), based in Kolkata, also submitted his resignation on the same date with identical reasons. Both directors confirmed there are no material reasons behind their departures beyond personal time constraints. The company has filed this disclosure under regulatory requirements for resignation of directors.
The simultaneous departure of two Independent Directors reduces board independence and may raise governance concerns among investors, particularly as both cited similar personal reasons. Shareholders should monitor whether the company appoints replacement independent directors to maintain board composition requirements.