Gallantt Ispat has accepted the resignation of Pradyumna Kumar Satpathy as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective from the close of business hours on August 15, 2026. Satpathy cited pre-occupation and other personal obligations as the reasons for his departure, confirming there are no other material reasons for stepping down. The transition impacts the company's compliance framework under Section 203 of the Companies Act 2013 and Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically regarding the determination of materiality for disclosures.

The resignation was intimated to the stock exchanges pursuant to Regulation 30 and Part A of Schedule III of the SEBI LODR Regulations. In his resignation letter, Satpathy requested the Board of Directors to relieve him of his duties and complete all necessary statutory and regulatory formalities, including filings with the Registrar of Companies and stock exchanges. He declared that he stands relieved from his duties and obligations on behalf of the company from the effective date.

Resignation Details

The company provided specific details regarding the event in its regulatory filing. The following table outlines the key information concerning the cessation of the CFO's role:

The disclosure was submitted by Nitesh Kumar, Company Secretary of Gallantt Ispat Limited. The company's registered office is located at Gorakhpur Industrial Development Authority (GIDA), Sahjanwa, Gorakhpur, Uttar Pradesh.

Gallantt Ispat announced the voting results for its Extra-Ordinary General Meeting (EOGM) held on June 25, 2026, via Video Conferencing. Shareholders approved the appointment of five directors, including Mr. Dindayal Jalan as a Whole-time Director and three Non-Executive Independent Directors. Additionally, the company approved remuneration increases for its Chairman & Managing Director, two Whole-time Directors, and the Chief Executive Officer.

The meeting proceedings adhered to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Remote e-voting was facilitated by National Securities Depository Limited (NSDL), open from June 22, 2026, to June 24, 2026. Mr. Anurag Fatehpuria, a Company Secretary in Practice, served as the Scrutinizer for the voting process. The total number of shareholders as on the record date of June 18, 2026, was 32,076.

Resolutions Passed

The shareholders approved the following business items through ordinary and special resolutions:

Voting Summary

A total of 39,780,805 votes were polled on the outstanding shares, representing 16.48% of the total shareholding. Promoter and Promoter Group held 168,970,561 shares, while Public Non-Institutional shareholders held 72,004,535 shares. All resolutions were passed with the requisite majority, with the highest approval percentage reaching 100% for several items. The detailed scrutinizer's report has been uploaded on the company's website.