Gallantt Ispat Appoints Amit Jalan as New CFO and KMP

GORAKHPUR, India — Gallantt Ispat Limited announced on July 27, 2026, that its Board of Directors has approved the appointment of Amit Jalan as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) with immediate effect. The board decision, executed during a meeting held on Monday following recommendations from the Nomination and Remuneration Committee, elevates the long-serving executive to the top financial leadership position. Jalan, who has served as Chief Accounts Officer (CAO) since the company's incorporation, brings over 25 years of end-to-end finance management experience to the core leadership team.

Strategic Leadership Transition and Regulatory Compliance

The executive elevation was formally disclosed to major capital market platforms under Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment also complies with Section 203 of the Companies Act, 2013, alongside Regulation 6(1) of the SEBI LODR Regulations.

According to corporate filings signed by Company Secretary Nitesh Kumar, the board accepted the Nomination and Remuneration Committee's recommendation to appoint Jalan on a full-time employment basis starting July 27, 2026. The disclosure confirmed that Jalan shares no family or business relationships with any existing directors on the board.

• Role and Title: Chief Financial Officer (CFO) and Key Managerial Personnel (KMP).

• Effective Date: July 27, 2026.

• Employment Terms: Full-time executive appointment.

• Previous Role: Chief Accounts Officer (CAO) at Gallantt Ispat Limited.

Executive Profile and Industry Expertise

Amit Jalan holds a professional track record spanning more than two decades in industrial finance, corporate accounting, and audit control. Having been associated with Gallantt Ispat Limited since its inception, his internal promotion reflects a continuity strategy in corporate governance and financial management.

Jalan’s technical domain expertise covers:

• Accounting Standards: Extensive proficiency in Indian Accounting Standards (IND-AS).

• Corporate Planning: End-to-end financial budgeting, forecasting, and profitability analysis.

• Risk & Controls: Internal audit frameworks, credit control, stock monitoring, and cost management.

• Reporting Infrastructure: Management Information Systems (MIS), statutory compliance, and financial reporting across integrated manufacturing units.

Market and Stakeholder Implications

Gallantt Ispat Limited operates integrated steel manufacturing facilities, captive power plants, and mining logistics assets across Uttar Pradesh and Gujarat. In capital-intensive sectors like steel manufacturing, sound financial management directly influences raw material procurement, capital expenditure (CapEx) execution, and debt-servicing schedules.

For equity investors, institutional lenders, and supply chain partners, placing an internal veteran at the financial helm signals operational stability. Jalan's familiarity with the company’s cost structure and long-term expansion plans positions Gallantt Ispat to maintain financial discipline amid global steel price fluctuations and shifting input costs.

Official Sources Section

The information detailed in this report is based on regulatory notifications submitted by Gallantt Ispat Limited to the corporate announcement desks at BSE Limited and the National Stock Exchange of India Limited on July 27, 2026. Additional corporate compliance standards cite the SEBI Master Circular dated November 11, 2024 (updated as of January 30, 2026). Further background information is accessible via the official Gallantt Ispat Portal.

Quote Section

According to official regulatory filings signed by Company Secretary Nitesh Kumar:

"The Board of Directors at its meeting held on Monday, 27th July, 2026, and based on the recommendation of the Nomination and Remuneration Committee, have approved the appointment of Mr. Amit Jalan as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company."

Why It Matters

Appointing an experienced CFO with over 25 years of financial management expertise provides Gallantt Ispat with leadership continuity. As integrated steel makers navigate shifting commodity cycles and energy transition investments, experienced financial oversight remains vital for optimizing working capital, maintaining regulatory compliance, and driving long-term shareholder value.

Key Facts at a Glance

• Leadership Appointment: Amit Jalan appointed CFO and KMP of Gallantt Ispat Limited.

• Effective Date: July 27, 2026.

• Professional Experience: Over 25 years of experience in finance, IND-AS accounting, cost control, and audit.

• Internal Transition: Previously served as Chief Accounts Officer (CAO) since company inception.

• Regulatory Compliance: Approved under Section 203 of Companies Act, 2013, and SEBI LODR Regulations.

Frequently Asked Questions (FAQ)

Who has been appointed as the new CFO of Gallantt Ispat Limited?

Mr. Amit Jalan has been appointed as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP).

When does Amit Jalan's appointment take effect?

The appointment took effect on Monday, July 27, 2026, following approval by the Board of Directors.

What was Amit Jalan’s previous role at Gallantt Ispat?

Prior to his promotion to CFO, Mr. Amit Jalan served as the company's Chief Accounts Officer (CAO).

How many years of financial experience does Amit Jalan have?

Mr. Amit Jalan possesses over 25 years of experience in corporate planning, accounting, cost control, and financial management.

Sources: Gallantt Ispat Limited Official Corporate Portal, Company Disclosure to Stock Exchanges