Gallantt Ispat Limited has informed the Exchange regarding Resignation of Smita Modi as Non- Executive Independent Director of the company w.e.f. May 05, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gallantt Ispat Limited has announced the resignation of two Independent Directors - Mrs. Smita Modi and Mr. Pankaj Khanna - both effective close of business hours on May 5, 2026. Both directors cited heavy work pressure, pre-occupation, lack of time, and other engagements as reasons for their resignation. They have confirmed that there are no other material reasons behind their departure. The Board expressed appreciation for their valuable services during their tenure. Both resignations were tendered on April 30, 2026, and the company has filed this intimation under SEBI LODR Regulations.
The simultaneous resignation of two Independent Directors reduces board independence and may raise governance concerns for investors, though the stated reasons appear routine and no adverse material reasons were cited.