Gallantt Ispat appoints Amit Jalan as CFO and KMP
Gallantt Ispat Limited has appointed Amit Jalan as its new Chief Financial Officer and Key Managerial Personnel, effective July 27, 2026. The Board approved the promotion of Jalan, who previously served as Chief Accounts Officer, citing his 25+ years of experience in finance and IND-AS accounting. This move follows the recent appointment of Singhi & Co. as statutory auditor.

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Gallantt Ispat Limited Gallantt Ispat has appointed Amit Jalan as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective July 27, 2026. The Board of Directors approved the appointment during a meeting held on July 27, 2026, based on the recommendation of the Nomination and Remuneration Committee. This leadership change strengthens the company’s financial management structure, with Jalan taking over from his previous role as Chief Accounts Officer. The appointment is made pursuant to Section 203 of the Companies Act, 2013, and Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The transition coincides with the firm’s recent audit restructuring, where M/s. Singhi & Co. was appointed as Statutory Auditor to fill a casual vacancy left by Maroti & Associates. Jalan’s promotion reflects the company’s strategy to leverage internal talent for senior financial roles. He brings over 25 years of experience in finance management, corporate planning, and IND-AS accounting, having been associated with Gallantt Ispat since its incorporation.
Appointment Details and Profile
Amit Jalan will serve in a full-time capacity starting from the effective date of his joining. His extensive background includes expertise in end-to-end finance management, cost control, audit, budgeting, forecasting, and profitability analysis. Additionally, he possesses significant skills in credit and stock control, Management Information Systems (MIS) reporting, costing, training, and internal risk assessment.
| Particulars | Details |
|---|---|
| Appointee | Amit Jalan |
| Designation | Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) |
| Effective Date | July 27, 2026 |
| Previous Role | Chief Accounts Officer (CAO) |
| Experience | Over 25 years |
Regulatory Compliance
The disclosures were made under Regulation 30 of the SEBI LODR Regulations, 2015, read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 (updated as on January 30, 2026). The Board’s decision aligns with statutory requirements for appointing key managerial personnel, ensuring robust governance and financial oversight for the company’s operations across its Gorakhpur and Gujarat units.
Historical Stock Returns for Gallantt Ispat
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.00% | -16.03% | -23.43% | +4.41% | -15.12% | +566.97% |
How might Amit Jalan's internal promotion signal Gallantt Ispat's strategic direction regarding cost control and operational efficiency in its upcoming fiscal year?
What impact could the simultaneous appointment of a new CFO and the replacement of the statutory auditor have on investor confidence and market perception of the company's governance?
Given Jalan's expertise in IND-AS accounting and risk assessment, how is he expected to address any historical financial discrepancies or audit findings from the previous tenure?


































