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Gallantt Ispat Limited ( (IN:GALLANTT) ) has issued an announcement.
Gallantt Ispat Limited has announced the resignation of two non-executive independent directors, Smita Modi and Pankaj Khanna, effective at the close of business on May 5, 2026. Both directors cited work pressure, pre-occupation, lack of time, and other professional engagements as the reasons for stepping down, and confirmed there were no additional material concerns behind their decisions.
The board has formally recorded their resignations and placed on record its appreciation for the services of Modi and Khanna during their tenures. The simultaneous departure of two independent directors may prompt attention from investors and regulators regarding board composition and governance continuity, though the company has indicated no underlying disputes or adverse issues linked to these exits.
More about Gallantt Ispat Limited
Gallantt Ispat Limited operates in the steel and iron products industry, with registered offices and manufacturing units in Gorakhpur, Uttar Pradesh, and Kutch, Gujarat. The company focuses on producing steel and related products for industrial and infrastructure applications in the Indian market.
Average Trading Volume: 327,442
Technical Sentiment Signal: Buy
Current Market Cap: 210.9B INR
Find detailed analytics on GALLANTT stock on TipRanks’ Stock Analysis page.