Smriti Agrawal, a promoter group shareholder of Gallantt Ispat Limited, has acquired 5,00,000 equity shares of the company on October 27, 2026, through a gift. This transaction increases her total holding to 1,22,00,000 shares, representing 5.056% of the total share capital. The disclosure has been made in accordance with SEBI’s Substantial Acquisition of Shares and Takeovers Regulations, 2011 and Prohibition of Insider Trading Regulations, 2015.
Share Acquisition by Promoter Group
Smriti Agrawal, identified as a Promoter Group Shareholder of Gallantt Ispat Limited, has increased her stake in the company. The acquisition involved 5,00,000 equity shares, which were received by way of a gift. This transaction took place on October 27, 2026.
Impact on Shareholding
Prior to this acquisition, Smriti Agrawal held 1,17,00,000 equity shares, accounting for 4.849% of the total share capital. Following the gift of 5,00,000 shares, her total holding now stands at 1,22,00,000 equity shares. This represents 5.056% of the company’s total share capital. The disclosure also details various Persons Acting in Concert (PACs) who are part of the promoter group.
Regulatory Compliance
This submission is made as per the requirements of Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The company’s equity share capital remains 24,12,80,945 Equity Shares of Rs. 10/- each, both before and after the acquisition.
Source: BSE
