Gallantt Industry Private Limited, acting as part of the Promoter Group, has acquired 30,712 equity shares of Gallantt Ispat Limited via open market purchases. This transaction, dated February 9, 2026, resulted in an increase in the total holding of the Promoter Group from 69.832% to 69.845% of the total share capital. The acquisition was detailed under relevant substantial acquisition regulations.
Acquisition Details by Promoter Group Entity
Gallantt Industry Private Limited (CIN: U26990UP2020PTC137202), an entity within the Promoter Group of Gallantt Ispat Limited, has formally notified the stock exchanges regarding a recent acquisition of shares. The acquisition involved the purchase of 30,712 equity shares through an open market transaction (Block Deal).
The transaction was executed on February 9, 2026. The acquisition was made by the Acquirer, Gallantt Industry Private Limited, and was disclosed in compliance with regulations governing substantial acquisition of shares.
Shareholding Changes Post-Transaction
Prior to this acquisition, the total shareholding of the Promoter Group (Acquirer and Persons Acting in Concert, or PACs) stood at 16,84,92,676 equity shares, representing 69.832% of the total share capital of Gallantt Ispat Limited (TC).
Following the acquisition of 30,712 shares (equivalent to 0.013% of the capital), the revised holding for the Promoter Group is now 16,85,23,388 shares. This represents an overall stake of 69.845% in the target company’s total share capital.
Key Shareholding Figures
- Acquirer (Gallantt Industry Private Limited) Increase: Holding increased from 21,74,089 shares (0.901%) to 22,04,801 shares (0.914%).
- Total Promoter Group Shareholding Before: 69.832%.
- Total Promoter Group Shareholding After: 69.845%.
The total equity share capital of Gallantt Ispat Limited remains constant at 24,12,80,945 Equity Shares of Rs. 10/- each, both before and after the said acquisition, confirming that the change in stake is solely due to the market purchase by the promoter entity.
Source: BSE
