Gallantt Ispat Limited has informed the Exchange regarding Resignation of Mr Udit Agarwal as Non- Executive Independent Director of the company w.e.f. March 31, 2026.
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Gallantt Ispat has informed the exchanges about two director resignations, both effective from the close of business hours on March 31, 2026. Mr. Prashant Jalan has stepped down as Whole-time Director (Plant Operations), citing pre-occupations and personal reasons. Mr. Udit Agarwal has resigned as Independent Director, citing heavy work pressure, pre-occupations, lack of time, and other engagements. Both have confirmed there are no other material reasons for their exit. The Board has recorded the resignations and expressed appreciation for their services. The detailed resignation letters are enclosed with the filing.
Two directors, including a whole-time director overseeing plant operations, are exiting on the same day, which may raise short-term governance and operational continuity concerns. Investors should watch for timely appointments to fill these board positions to ensure no disruption to decision-making or compliance with minimum director requirements.