Intimation regarding resignation of Statutory Auditor of the Company.

GxuxN"IT GtL/GKP /2026-21 luly 27 , 2026 BSE Limited NationalStock Exchange of lndia Limited Floor 25, P J Towers, "EXCHANGE PLAZA", DalalStreet, Bandra - Kurla Complex, Bandra (East), Mumbai- 400 001. lNDlA. Mumbai - /too 051. lNDlA. Scrip Code: 532726 Symbol: GALLANTT Sir/Madam, SUB: DISCLOSURE UNDER REG 30 OF SEBI (TISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS. 2015 RESIGNATION OF STATUTORY AUDITOR Pursuant to Regulation 30 of SEB| (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that based on the recommendation of the Audit Committee, the Board of Directors of the Company at its meeting held on 21th July,2026 noted and accepted the resignation of M/s. Maroti & Associates, (Firm Registration No. 322770E), Chartered Accountants, who have tendered their resignation as Statutory Auditors of the Company vide resignation letter dated 214 )uly, 2026 informing their inability to continue as the Statutory Auditors of the Company. The members of Audit Committee have considered the circumstances of resignation and the committee is aligned with the reasons stated in the resignation letter received from the Statutory Auditor. The Audit Committee also noted that the Statutory Auditors have not raised any concern or issue. The Resignation Letter and information to be obtained from Statutory Auditor upon resignation in accordance with the requirements of the SEBI circular clR / cFD / Ci.,I.DL / 11.4 / 2019, dated october, 18, 2019, is enclosed herewith as Annexure - A. Accordingly, on the recommendation ofthe Audit Committee, the Board of Directors ofthe Company at its meeting held on today 27u )u\, 2026 had noted and accepted the resignation of M/s. Maroti & Associates, Chartered Accountants (Firm Registration No: 322770E), from the position of the Statutory Auditors of the Company upon completion of issuance of limited review report dated 27th July, 2026 on the Unaudited Financial Results (standalone and consolidated) of the Company for the quarter ended 3oth June,2026 by the Auditors. GALLANTT ISPAT LIMITED CIN: L2209UP2005PLCI95650 RegistereJ Offi(e & Gorakhpur Unit Gorakhpur Industrial DeveloPment Authority (GIDA)' Sahianwa, Gorakhpui - 273209, Uttar Pradesh Tete-fat 0551 3515500, E-mail csgml@gallantt'corn, W€bsite www gallantt com Guiarat Unit: survey No -175n, Near Toll Gate, Samakhyali, Bhachau, Distt Kutch - 37m5O' Guiarat Gnunrr-If The Board of Directors at its meeting held on today, 27th July,2026 had also noted that there are no reasons other than the reason mentioned in the resignation letter received from the Statutory Auditor for such resignation. Additionally, the requisite disclosures under Re8ulation 30 of Part A of Schedule lll of SEB| (LoDR) Regulations, 2015 and SEBI Master Circular sEBl/Ho/cFD/PoD2/clRlP/o155 dated 1lth November, 2024 (updated as on 30th lanuary, 2026) is annexed herewith as Annexure This is for your information and record Thanking You, Yours faithfully, For GATLANTT ISPAT LIMITED Nitesh Kumar COMPANY SECRETARY M. No. F7496 GALLANTT ISPAT LIMITED CIN: L2n09UP2msPLCl95660 RegistereJ Offi.e & CorakhPur Unir CorakhPur lnduslrial Development Authoritv (GIDA)' Sah;anwa, Gorakhpu - 273209' Uttar Pradesh rele-far 0551 3515500, E-mail: (sgml@tallantt (om' Website www tallantt-'om Cuirrat Un it: Survcy No 175n, Near Toll G.te, Samakhvali' Bha'h'u' Distt Kut'h ' 370150' Guiarat hn'aeX+,t f t-- N Maroti & Assoclates Head Office: Diamond Heritage, sth Floor, Unit N5O3, 16, Strand Road, Fa'rley Place, Kolkata- 7oooo1. (Chartered Accounrants) Ph,: +91334Oa913OO Branch office: - chtr.nitv Tower, 1od Floor, unlt No. 1OO1, 43. Nehru Place, New Delhi- 11O019. Ph.: +o11435A0996 Email: - audit@matutr.in Datet 21.07 ,2026 The Board of Oiredors Gallantt lspat Limited GIDA, Sahianwa, corakhpur- 273007 Subiect - Resignatioh as Statutory Auditors o, callantt lspat Limited We, N4/s Maroti & Associates, Chartered A.countants (Firm Registration No.322770E) were appointed as the Statutory Auditors of the Company to perform the audit of financial statements of the Company for a period of 5 Years from FinancialYear 2022'23 to Financlalyeat 2U26-2:1 at fts AnnualGeneral Meetlng held on 29u septem'ber, 2022. We had completed our Statutory Audit for the financialyear ended on March 31,2026 and issued our audit report on 56 May, 2026. Over the years, the scale and complexity of the audit have lncreased considerably. Considering our firm's present resource allocation, professional commitments, our paiorities, the commercial consideration and its complexity, we have decided to discontinue the audit engagement. Accordingly, we wish to convey our declsion of resignation as Statutory Auditors of the Company with effect from the conclusion of the ensuing meeting of the Board of Directors. We will issue our limited review report for the quarter ended lune 30,2026 in compliance with Para 6{4) (ii) of SEBI circular No. CIRICFD/CMDft1-q2019 dated October 1& 2019. As per the requirement of the Companies Act, 2013, we shall be forwarding the copy of the AoT-3 to b€ flled with the Registrar of Companies, in due course. lt is certified that our rirm nelther have any sort of dispute nor have any concern relating to suppression of information by the management of the Company forthe purposeof carrylngourauditprocedures. Please find enclosed here with Annexure-A comprising the information to be obtained by the Company from the auditors for resignation as required by SEBI Clrcular No. CIR/CFD/CMDVI142019 dated 18 oct, 2019. ThankingYou, Your Sin€erely, For Maroti & Associates chartered Accountants Firm Registration No. 32270E [U/A'h ("72,A^ cA Radhika Patodia Partner Membership No.309219 Encl: As above Annexure A Disclosure of information as oer SEBI Circrllar No. CIR/CFD/CMD1^14/2019 dated lath October 2019 Sr No, Det.ils 7 Name of the Listed entity/material subsidiary Gallanttlspat Umited 2. Details of the statutory auditors M/s. Marotl & Associates Diamond Heritag€ 56 Floor, oftue - 501 16,StEnd Road, Eairley Place, Kolbta - 70@01 r913340891300 Email ld audit@maroti.in 3 Detaih of associatlon with the listed a) Date on whlch the sbtutory ao.lltor w_ds 29.o9.2012 b) Date on whi.h the term of the statutory Annual General Meeting to be held auditor was scieduhd ro erpire for FY 2025-27 ntheyear 2l2T a) Prlor to resisnatlon, the latest audit We have issued the audlt report for report/limited review report submitted by the financial year €nded 31n the auditor and date of its submisslon: March, 2026 and w,ll be lssulnS th€ limited revlew r€port for the quarter ended 30th Junq 2025. Detailed reasons for resignation Refer to resignation letier dated 21.07.2026 5 ln case of any conc€rns, efforti made by the a uditor prior to resignation lincludinS app.oaching the Audit Committee/Board of Directors along withth€ dateof communiction madetoth€Audit Committee/Soard of Diredo.s) 6. ln case the information requested by the auditor was not provided, then following 5hall be disclosed a) Whether the liability to obtain suflio:ent appropriate audit evidence was due to a management-imposed limtat or ckcumstances beyond the control of the b) whether the lack of infomatlon would have significrnt impact on the financial statements/resu lts. c) Whe-ther the auditor has performed alternative procedure to obtain appropriate evidence for the purposes of audh/limited review as laid down in 5A 705 (Revised) d) Whether the lack of information wat prevalert in the previous reported financial statements/results. lf yes, on 'what basis the previous audivlimited review reports 'were issued 1 Any other facts rele\r3nt to the resignation Declaration: We hereby confirm that the informatlon Eiven in this letter and its attachments ls correct and complete. We hereby confirm that there is no other material reason other than those provided above for resignation ofmyfirm. For Maroti & fusociates Chartered Accountants Firm Registration No. 32270E CA Rad [Showing first 8,000 characters — download PDF for full document]