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 received another regulatory disclosure regarding equity share acquisition by its promoter group entity. Gallantt Industry Private Limited acquired an additional 10,000 equity shares through open market purchase on March 23, 2026, following its previous acquisitions of 24,355 shares on March 20, 2026, 15,537 shares on March 19, 2026, and 76,000 shares on March 18, 2026.

Latest Transaction Details

The recent acquisition demonstrates continued investment confidence by the promoter group entity in the steel manufacturing company:

Updated Shareholding Position

Following the latest acquisition, Gallantt Industry Private Limited's shareholding in Gallantt Ispat Limited has increased:

Cumulative Promoter Group Holdings

The combined promoter group, consisting of Gallantt Industry Private Limited and 34 other entities and individuals acting in concert, now holds:

Key Promoter Group Entities

The promoter group includes major stakeholders such as Chandra Prakash Agrawal (37.093%), Madhu Agrawal (8.444%), Santosh Kumar Agrawal (7.005%), Dinesh R Agarwal (5.807%), and Prem Prakash Agrawal (5.351%), among others. CP Agrawal Daughters Trust holds 2.072% of the total equity.

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The filing was authorized by Smriti Agrawal, Director of Gallantt Industry Private Limited, with DIN: 10040203.

Company Overview

Gallantt Ispat Limited's equity shares are listed on BSE Limited and National Stock Exchange of India Limited. The company maintains a total equity capital of 24,12,80,945 equity shares of ₹10 each. These consecutive acquisitions by the promoter group entity reflect sustained confidence in the company's business prospects and strategic direction.