Dinesh R Agarwal, Whole-time Director and Promoter Shareholder of Gallantt Ispat Limited, has sold 40,00,000 equity shares of the company. The transaction was an inter-se transfer to Mr. Santosh Kumar Agrawal, identified as a Promoter Group Shareholder. This transaction, dated November 14, 2026, involved shares held prior to the disposal, amounting to 3.574% of the total share capital. Post-transaction, Dinesh R Agarwal’s holding stands at 46,22,488 equity shares, representing 1.916% of the total equity share capital.
Promoter Group Share Transfer at Gallantt Ispat
Dinesh R Agarwal, serving as the Whole-time Director and Promoter Shareholder of Gallantt Ispat Limited, has executed a significant inter-se transfer of equity shares. In a disclosure filed on November 14, 2026, Mr. Agarwal reported the sale of 40,00,000 equity shares. The shares were acquired by Mr. Santosh Kumar Agrawal, a fellow Promoter Group Shareholder, as part of an arrangement between the promoter and its group shareholders.
Transaction Details and Shareholding Impact
Prior to this disposal, Dinesh R Agarwal held 86,22,488 equity shares, which constituted 3.574% of the total voting share capital of Gallantt Ispat Limited. The transaction involved the sale of 40,00,000 equity shares, resulting in a decrease of 1.658% in his holding. Following the sale, Mr. Agarwal’s shareholding in Gallantt Ispat Limited is now 46,22,488 equity shares, representing 1.916% of the total equity share capital.
The total equity share capital of Gallantt Ispat Limited remains unchanged at 24,12,80,945 equity shares, each with a face value of Rs. 10/-. The disclosure also lists numerous Persons Acting in Concert (PACs) with the seller and acquirer, all of whom are confirmed to belong to the Promoter/Promoter group.
Regulatory Compliance
This disclosure is made in compliance 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 transaction was an inter-se transfer, and the sale was executed on November 12, 2026.
Source: BSE
