Gallantt Ispat Limited Announces CFO Appointment Amid Auditor Transition and Releases Quarterly Results
Gallantt Ispat Limited has approved the appointment of Mr. Amit Jalan as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The company also confirmed the resignation of M/s Maroti & Associates as Statutory Auditors and appointed M/s Singhi & Co. to fill the resulting vacancy.The Board of Directors, during a meeting held on July 27, 2026, approved several key business outcomes including the unaudited financial results for the quarter ending June 30, 2026.
Financial Performance Snapshot
The company released its standalone unaudited financial results for the quarter ended June 30, 2026. These results were reviewed by the Audit Committee and approved by the Board of Directors.The key figures from the statement are presented in the table below:
| Metric | Q ended 30.06.2026 (Unaudited) | 31.03.2025 (Unaudited) | 30.06.2025 (Unaudited) |
|---|---|---|---|
| Revenue from Operations | 114,566.71 | 120,441.31 | 112,777.00 |
| Total Income | 116,357.70 | 122,933.68 | 113,450.30 |
| Total Expenses | 99,916.25 | 106,771.54 | 91,823.01 |
| Profit Before Tax (PBT) | 16,481.45 | 16,162.01 | 21,637.29 |
| Net Profit after Tax* | 12,365.74 | 12,283.56 | 17,379.13 |
| Basic EPS (Quarter) | 5.13 | 5.09 | 7.20 |
Auditor Transition and Appointment
The company announced the resignation of M/s Maroti & Associates, Chartered Accountants, from the position of Statutory Auditors. The firm had tendered its resignation on July 21, 2026, citing an inability to continue.In response to this change, the Board of Directors approved the appointment of M/s Singhi & Co., Chartered Accountants (Firm Registration No. 302049E), as the Statutory Auditor of Gallantt Ispat Limited. This appointment is subject to approval by members at the ensuing Annual General Meeting (AGM) and is intended to fill the casual vacancy caused by the resignation.
M/s Singhi & Co. reportedly possesses a legacy of around 85 years, holds a strong pan-India presence, and offers expertise across risk-based audit approaches, Internal Audit, and Tax Strategy and Planning.
New CFO Appointed
The Board of Directors also approved the appointment of Mr. Amit Jalan as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of Gallantt Ispat Limited, effective July 27, 2026.Mr. Jalan is described as a seasoned finance leader with over 25 years of comprehensive expertise in end-to-end finance management, corporate planning, cost control, and audit. He has extensive experience in IND AS accounting, budgeting, forecasting, profitability analysis, and internal audit & risk. Mr. Jalan has been associated with the company since its incorporation, serving previously as Chief Accounts Officer (CAO).
GALLANTT Stock Price Movement
On Monday, shares of Gallantt Ispat Limited rallied, settling at ₹547.25 after posting a 5.00% advance. The stock gained robustly as investors traded 176,732 shares throughout the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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