Gallantt Ispat Limited has informed the Exchange regarding Resignation of Mr Prashant Jalan as Executive Director of the company w.e.f. March 31, 2026.
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Gallantt Ispat has informed the stock exchanges about two director resignations effective from the close of business hours on March 31, 2026. Mr. Prashant Jalan, the Whole-time Director overseeing Plant Operations, stepped down citing pre-occupation and personal reasons. Mr. Udit Agarwal, an Independent Director, also resigned citing heavy work pressure, pre-occupations, lack of time, and other engagements. Both have confirmed there are no other material reasons behind their exits. The Board recorded both resignations and expressed appreciation for their services. No replacement appointments have been announced in this filing.
Two simultaneous board-level departures on the same day, including a Key Managerial Personnel (Whole-time Director handling plant operations), may raise short-term governance concerns. However, reasons cited are personal rather than conflict-related, and investors should watch for timely appointments to fill these positions.