GALLANTT ISPAT LIMITED has informed the Exchange about Resignation of Independent director.
GALLANTT · price
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Gallantt Ispat Limited has informed the stock exchange about the resignation of Udit Agarwal (DIN: 07036864) from the post of Independent Directorship of the company. The resignation will take effect from 31st March 2026, with the letter dated 27th March 2026. Mr. Agarwal cited heavy work pressure, pre-occupation, lack of time, and other engagements as the reasons for stepping down. He confirmed there are no other material reasons behind the resignation. The company has recorded the disclosure with a 'Nil' remark, indicating no further concerns.
This is a routine board-level change with a single Independent Director exiting for personal reasons. Investors should monitor whether the company appoints a replacement within the SEBI-prescribed timeline (generally within 3 months) to maintain the required composition of the board, including the minimum number of Independent Directors. No material impact on stock price is expected from this disclosure alone.