Gallantt Ispat Limited has formally announced the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), Mr. Sandip Kumar Agarwal. The resignation is effective from the close of business hours on March 31, 2026. Mr. Agarwal cited pre-occupation and other personal obligations as the reason for stepping down. The company confirmed that there are no other material reasons behind this change, as detailed in his official resignation letter.
Formal Announcement of CFO Cessation
Gallantt Ispat Limited issued a mandatory disclosure regarding a significant management change within the organization. Mr. Sandip Kumar Agarwal has tendered his resignation from the position of Chief Financial Officer (CFO) of the company.
Effective Date and Rationale
The resignation will take effect from the close of business hours on March 31, 2026. The formal communication confirms that Mr. Agarwal will also cease to hold the position of Key Managerial Personnel (KMP) as of this date. The primary reason cited for his departure is pre-occupation and other personal obligations, as detailed in his accompanying letter.
Confirmation of No Other Material Reasons
The company explicitly noted that Mr. Agarwal has confirmed there are no other material reasons aside from those stated for his resignation from the CFO role. The disclosure adheres to the necessary regulatory frameworks requiring immediate intimation to the stock exchanges regarding such key changes.
Annexures Provided for Detail
The filing included two annexures: Annexure I, which outlines the standard details required for the event classification, confirming the cessation date and reason. Annexure II contains the actual letter of resignation received from Mr. Sandip Kumar Agarwal, providing further contextual details regarding his decision.
Source: BSE
