Gallantt Ispat Limited has announced a key leadership appointment with the naming of Mr. Pradyumna Kumar Satpathy as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The appointment was approved by the Board of Directors at their meeting held on March 31, 2026, following recommendations from the Nomination and Remuneration Committee.

Appointment Details

The new CFO will assume his responsibilities effective April 1, 2026, in a full-time employment capacity. The appointment has been made pursuant to the provisions of section 203 of the Companies Act, 2013 and Regulation 6(1) of SEBI LODR Regulations.

Professional Background

Mr. Pradyumna Kumar Satpathy brings extensive experience to his new role, with more than 28 years of comprehensive expertise in end-to-end finance management, corporate planning, cost control and audit. His skill set encompasses driving strategic initiatives, optimizing financial performance and ensuring statutory compliance across all functions.

His areas of expertise include:

• Budgeting and forecasting
• Profitability analysis
• Credit and stock control
• MIS & reporting
• Costing and internal audit
• Risk management
• Training & development

Senior Leadership Experience

The newly appointed CFO has held several senior leadership positions throughout his career, demonstrating his capability in managing complex financial operations:

Regulatory Compliance

The appointment notification was made pursuant to Regulation 30 and Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details as per SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, updated as on January 30, 2026.

Gallantt Ispat Limited operates with its registered office and Gorakhpur unit located at Gorakhpur Industrial Development Authority (GIDA), Sahjanwa, Gorakhpur, Uttar Pradesh, and maintains a Gujarat unit at Samakhyali, Bhachau, District Kutch, Gujarat.

Gallantt Ispat Limited has completed its major management restructuring by appointing two new directors following the resignation of three key personnel. The Board of Directors approved the new appointments at its meeting held on March 31, 2026, with both appointments effective from April 1, 2026.

Key Personnel Resignations

The Board of Directors approved and took note of resignations from three senior positions, all effective from close of business hours on March 31, 2026:

New Director Appointments

The company announced two strategic director appointments effective April 1, 2026:

Both appointments are subject to approval of shareholders in the ensuing General Meeting.

Leadership Profiles

Dindayal Jalan brings over four decades of experience in large-scale metals and mining businesses. He is a Chartered Accountant who previously served as Group CFO of Vedanta Resources Plc UK and CFO of Vedanta Limited until superannuation in September 2016. He currently holds Independent Director roles within the Vedanta and HDFC Groups and possesses deep expertise in enhancing shareholders value through improved capital management and operational efficiencies.

Atul Kumar Gupta served as Chief Secretary to the Government of Uttar Pradesh from May 2008 until superannuation on March 31, 2011. During his tenure, he was instrumental in several legal and procedural innovations that enabled the highest ever growth rate of 23% for State finances. He has also been associated with companies such as Godfrey Phillips India Limited and Pakka Limited as Independent Director for 10 years each.

CFO Transition

Sandip Kumar Agarwal tendered his resignation as Chief Financial Officer and Key Managerial Personnel, citing pre-occupation and other personal reasons. The company has appointed Pradyumna Kumar Satpathy as the new CFO effective April 1, 2026, bringing over 28 years of comprehensive finance management expertise from JSW Steel, Jayaswal Neco Industries, and Bhushan Power and Steel.

Regulatory Compliance

Gallantt Ispat Limited fulfilled all regulatory requirements by notifying BSE Limited (Scrip Code: 532726) and National Stock Exchange of India Limited (Symbol: GALLANTT) about these management changes under Regulation 30 of SEBI LODR Regulations. The communication was signed by Nitesh Kumar, Company Secretary (M. No. F7496), with comprehensive documentation as required under SEBI Master Circular dated November 11, 2024.