Santosh Kumar Agrawal, a Promoter Group Shareholder of Gallantt Ispat Limited, has acquired 40,00,000 equity shares. The transaction was an inter-se transfer arrangement between promoter and promoter group shareholders from Mr. Dinesh R. Agarwal. This acquisition represents 1.658% of the total share capital of the company. The disclosure was made on November 14, 2026, in compliance with SEBI regulations.
Promoter Group Acquires Significant Stake in Gallantt Ispat
Santosh Kumar Agrawal, acting as a Promoter Group Shareholder, has significantly increased his holdings in Gallantt Ispat Limited by acquiring 40,00,000 equity shares. This substantial transaction, which took place on November 12, 2026, was executed through an inter-se transfer agreement with Mr. Dinesh R. Agarwal, identified as a Director and Promoter Shareholder.
Details of the Transaction
The acquisition represents 1.658% of the total issued and paid-up share capital of Gallantt Ispat Limited. This transaction is a transfer within the promoter and promoter group shareholders, ensuring the continued consolidation of ownership within this category. The total equity share capital of the company stands at 24,12,80,945 Equity Shares of Rs. 10/- each both before and after the acquisition.
The disclosure has been made in accordance with 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 enclosed documents provide a detailed breakdown of the shareholding patterns before and after the acquisition.
Shareholding Snapshot
Prior to this transaction, Santosh Kumar Agrawal held no shares or voting rights. Post-acquisition, his direct holding now amounts to 40,00,000 shares, representing 1.658% of the company’s total share capital. The document also lists numerous Persons Acting in Concert (PACs) with the acquirer/seller, all of whom are indicated as belonging to the Promoter/Promoter Group.
The shareholding details, both before and after the transaction, are provided in an annexure to the disclosure, detailing the number of shares and percentage of total share capital held by various promoters and PACs. All disclosures are provided without PAN details.
Source: BSE
