Intimation regarding resignation of Independent Directors.
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 resigned effective close of business hours on 5th May 2026. Mrs. Smita Modi and Mr. Pankaj Khanna both cited sudden heavy work pressure, pre-occupation, lack of time, and other engagements as reasons for their resignation. Both directors confirmed there are no other material reasons behind their departure. The Board expressed appreciation for their valuable services during their tenure. Both directors indicated they hold no directorships in other listed entities.
The simultaneous resignation of two Independent Directors reduces board independence and may raise governance concerns for investors, though both directors confirmed no material reasons exist for their departure.