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Gallantt Ispat Limited ( (IN:GALLANTT) ) has shared an update.
Gallantt Ispat Limited has announced the resignation of two independent directors, Smita Modi and Pankaj Khanna, effective at the close of business on May 5, 2026. Both cited work pressure, pre-occupation, lack of time, and other engagements as reasons for stepping down, and confirmed there were no other material concerns behind their decisions.
The board has formally recorded their resignations and expressed appreciation for the contributions of Modi and Khanna during their tenure. The simultaneous departure of two independent directors may prompt the company to rebalance its board composition and appoint new independent members to meet governance requirements under SEBI’s listing regulations.
More about Gallantt Ispat Limited
Gallantt Ispat Limited operates in the steel and iron industry, with manufacturing facilities in Gorakhpur, Uttar Pradesh, and Kutch, Gujarat. The company focuses on producing steel products for industrial and infrastructure applications in the Indian market, leveraging its regional plants to serve key demand centers.
Average Trading Volume: 327,442
Technical Sentiment Signal: Buy
Current Market Cap: 210.9B INR
See more data about GALLANTT stock on TipRanks’ Stock Analysis page.