Revised submission of intimation under Regulation 30 of SEBI (LODR) with respect to change in management
GALLANTT · price
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Gallantt Ispat Limited has disclosed significant management changes effective March 31, 2026. Three senior officials resigned: CFO Sandip Kumar Agarwal, Whole-time Director Prashant Jalan, and Independent Director Udit Agarwal, all citing pre-occupation and personal reasons. To fill these roles, the company appointed Pradyumna Kumar Satpathy as new CFO (effective April 1, 2026), Dindayal Jalan as Whole-time Director designated as Vice Chairman for 5 years, and Atul Kumar Gupta as Non-Executive Independent Director for 5 years. Dindayal Jalan brings extensive experience, having served as Group CFO of Vedanta Resources Plc UK and CFO of Vedanta Limited. Atul Kumar Gupta is a former Chief Secretary of Uttar Pradesh. All appointments are subject to shareholder approval.
The resignation of three key persons including the CFO and a director within the same timeframe raises governance concerns, though the replacements bring strong credentials. Shareholders should monitor the upcoming general meeting for approval of new appointments.