GALLANTT ISPAT LIMITED announced the resignation of two key directors, effective March 31, 2026. Mr. Prashant Jalan stepped down as Whole-time Director due to personal obligations, and Mr. Udit Agarwal resigned as Independent Director citing work pressure and time constraints. The Board formally accepted both resignations, thanking the departing members for their service and confirming that no other material reasons exist for their departures.
Immediate Cessation of Director Roles
GALLANTT ISPAT LIMITED has formally communicated significant changes in its board composition, effective at the close of business hours on March 31, 2026. The company disclosed these changes in compliance with stock exchange regulations.
Resignation of Whole-time Director
Mr. Prashant Jalan (DIN: 06619739), serving as the Whole-time Director of the Company, tendered his resignation. Mr. Jalan cited pre-occupation and other personal obligations as the primary reasons for stepping down. The Board recorded his resignation and expressed sincere appreciation for the valuable services he rendered during his tenure.
Resignation of Independent Director
Additionally, Mr. Udit Agarwal (DIN: 07036864), who served as an Independent Director, has also resigned, effective the same date, March 31, 2026. Mr. Agarwal indicated that work pressure, pre-occupation, lack of time, and other engagements were the factors leading to his decision. The Board also extended its deep sense of appreciation for the contributions made by Mr. Agarwal.
Confirmation and Documentation
In both instances, the resigning directors explicitly confirmed in their respective letters that there are no other material reasons driving their resignation beyond those stated. The necessary details, as required by relevant corporate regulations, have been duly documented and submitted, along with the actual resignation letters, as supporting annexures to the disclosure.
Source: BSE
