Mr. Satpathy cited pre-occupation and other personal obligations as the reason for his resignation. He has confirmed that there are no other material reasons for his resignation beyond those stated in his resignation letter.
Consequently, Mr. Satpathy will also cease to be a Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013 and Regulation 30(5) of the SEBI LODR Regulations from the same effective date and time.
The disclosure includes the details required under Regulation 30 of the SEBI LODR Regulations, read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0755 dated November 11, 2024 (updated as on January 30, 2026), which are provided in an annexure (Annexure I).
The actual resignation letter from Mr. Pradyumna Kumar Satpathy is enclosed as Annexure II. In the letter, addressed to the Board of Directors and dated July 15, 2026 from Gorakhpur, he formally tenders his resignation from the post of CFO, reiterating the same reasons of pre-occupation and other personal reasons. He requests to be relieved from his duties as CFO and KMP effective August 15, 2026, and for the completion of all necessary statutory and regulatory formalities, including filings with the Registrar of Companies, stock exchanges, and other regulatory authorities. He also declares that he stands relieved from all duties and obligations on behalf of the Company from that date and authorizes the company to share the letter with concerned parties.
The intimation letter to the exchanges was signed by Nitesh Kumar, Company Secretary (Membership No. F7496), on behalf of Gallantt Ispat Limited.