Gallantt Ispat Limited Accepts Resignation of Tarun Kumar Gupta as Independent Director, Chairmanship of Stakeholders Relationship Committee and Membership of Audit Committee and Nomination and Remuneration Committee of the Board

Gallantt Ispat Limited is an India-based company that is engaged in the business of iron and steel, agro, power and real estate. The Company's segments include Steel, Power, Agro and Real Estate. Its Steel segment includes sponge iron, billets, mild steel (MS) round bar and re-rolled products (TMT Bars). Its Agro segment includes the manufacturing and sale of agro products, such as atta, suji, maida and choker. Its agro products are sold under the brand name Gallantt in the states of Uttar Pradesh, Bihar, West Bengal, Assam, Madhya Pradesh, Andhra Pradesh and Karnataka. The Company is engaged in the field of real estate with its primary project, Shalimar Gallantt, Mahanagar, Lucknow. The Company's captive power unit has an existing capacity of 18 megawatts per annum. It has a steel manufacturing unit at GIDA, Sahajanwa, Gorakhpur district, Uttar Pradesh. The Company's wholly owned subsidiaries include Gallantt Industry Private Limited and Gallantt Udhyog Private Limited.