Gallantt Ispat Limited has announced the resignation of two of its Independent Directors, Mrs. Smita Modi and Mr. Pankaj Khanna. Both directors have stepped down from their respective positions, effective as of the close of business hours on May 5, 2026. Both individuals cited professional work pressure, pre-occupation, and lack of time as the primary reasons for their departure. The company has officially acknowledged and recorded these resignations.
Board Composition Update
Gallantt Ispat Limited has confirmed the departure of two key members of its board. Mrs. Smita Modi and Mr. Pankaj Khanna, both serving as Independent Directors, have officially tendered their resignations. Their terms of office concluded at the close of business hours on May 5, 2026.
Reasons for Resignation
In their formal communications to the board, both outgoing directors cited similar personal and professional constraints. The stated reasons for their resignation include heavy work pressure, ongoing pre-occupation, and a lack of available time to fulfill their duties effectively alongside their other professional engagements. Both directors have provided written confirmation that there are no other material reasons for their exit from the company.
Acknowledgment and Appreciation
The Board of Directors of Gallantt Ispat Limited has expressed its sincere appreciation and gratitude to both Mrs. Smita Modi and Mr. Pankaj Khanna for their valuable contributions and service during their respective tenures as Independent Directors. The board has formally taken their resignations on record, ensuring the company remains in compliance with its standard governance protocols.
Source: BSE
