Gallard Steel Ltd has accepted the resignation of Ms. Pallavi Parihar from the position of Company Secretary, Compliance Officer, and Key Managerial Personnel (KMP) effective June 30, 2026. The resignation, tendered via a letter dated June 30, 2026, takes effect from the close of business hours on the same day. Ms. Parihar decided to step down to pursue other professional opportunities, confirming there are no other material reasons for her departure.

The Board of Directors acknowledged the resignation and will initiate the necessary steps to file the requisite forms and complete statutory compliances. The company submitted the disclosure to the BSE on July 1, 2026, under Regulation 30 of the SEBI (LODR) Regulations, 2015. The announcement was made in response to a query raised by the exchange seeking additional details regarding the change in Key Management Personnel.

Resignation Details

Ms. Parihar expressed her gratitude to the Board and management for the support during her tenure and committed to ensuring a smooth handover of responsibilities. The company confirmed that the information will be updated on the listing portal and disseminated on its website in due course.

Gallard Steel Limited is planning to acquire leasehold industrial land in Sector-7, Pithampur, Madhya Pradesh, from the Madhya Pradesh Industrial Development Corporation (MPIDC) for approximately Rs 7.5 Cr. The acquisition is intended to support the company's long-term expansion strategy by strengthening its operational capabilities and enabling capacity expansion. This move will also allow Gallard Steel to diversify its product portfolio and support future business opportunities.

The transaction details were disclosed in a filing submitted to BSE Limited on June 25, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The consideration for the leasehold land is set at Rs 7.5 Cr, and the agreement will be entered into with MPIDC. The filing confirms that no shares will be issued for this transaction, and none of the sellers belong to the promoter, promoter group, or group companies.

The acquisition is not classified as a related party transaction and will be conducted at arm's length. Furthermore, the purchase of the land is outside any Scheme of Arrangement, and the company has confirmed compliance with the relevant regulations, including Regulation 37A of the LODR Regulations where applicable.

Key Details of the Acquisition

The following table outlines the key disclosures related to the land acquisition as submitted in the regulatory filing: