GALLANTT ISPAT LIMITED announced the appointment of Mr. Pradyumna Kumar Satpathy as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The appointment, approved by the Board of Directors on March 31, 2026, is effective starting April 1, 2026. Mr. Satpathy brings over 28 years of comprehensive finance leadership experience, including senior roles at JSW Steel and Bhushan Power and Steel, promising strong expertise in financial compliance and strategic initiatives.
Board Approves Key Management Change
GALLANTT ISPAT LIMITED has formally communicated the appointment of a new key executive following its Board meeting held on Tuesday, March 31, 2026. The Board, guided by the recommendations of the Nomination and Remuneration Committee, has approved the selection of Mr. Pradyumna Kumar Satpathy for two critical roles within the organization.
Appointment Details and Effective Date
Mr. Satpathy has been appointed as the Company’s Chief Financial Officer (CFO), concurrently designated as a Key Managerial Personnel (KMP). This appointment will take effect prospectively from April 1, 2026. The engagement is confirmed as a full-time employment commitment commencing from the date he joins the company.
Profile of the New CFO
The incoming CFO is a seasoned finance leader possessing more than 28 years of extensive expertise across end-to-end finance management, corporate planning, cost control, and statutory audit functions. His skillset focuses on driving strategic initiatives, optimizing financial performance, and ensuring robust statutory compliance across all operational areas.
Highlights of Professional Experience
Mr. Satpathy’s senior leadership background includes significant tenure at major industry players, underscoring his capability in complex industrial environments. Key professional highlights include:
- Assistant Vice President & Head at JSW Steel (BPSL), Odisha.
- General Manager at Jayaswal Neco Industries Ltd, Raipur.
- General Manager at Bhushan Power and Steel Ltd, Odisha.
The company confirmed that there are no applicable disclosures regarding relationships between Mr. Satpathy and any existing directors of GALLANTT ISPAT LIMITED.
Source: BSE
