Gallantt Ispat Limited has notified exchanges regarding an off-market, inter-se transfer of equity shares within the Promoter and Promoter Group. On February 12, 2026, 54,18,696 shares, representing 2.245% of the total capital, were transferred from Chandra Prakash Agrawal HUF to Chandra Prakash Agrawal. This transaction was executed to streamline the family’s asset structure and does not alter the overall shareholding percentage of the Promoter group.
Intimation of Share Transfer Among Promoters
Gallantt Ispat Limited has filed a disclosure detailing an off-market, inter-se transfer of equity shares among entities belonging to the Promoter and Promoter Group. This disclosure was made pursuant to the regulatory requirements concerning substantial acquisition of shares and takeovers.
Transaction Details
The critical transaction occurred on February 12, 2026, and involved the following details:
- Transferor: Chandra Prakash Agrawal HUF
- Transferee: Chandra Prakash Agrawal
- Number of Shares Transferred: 54,18,696 shares
- Percentage Transfer: 2.245% of the total capital
The rationale provided for this transfer is that it constitutes a private arrangement aimed at streamlining the Agrawal family’s assets.
Impact on Shareholding Structure
It is explicitly stated that because this is an inter-se transfer among existing promoters, the transaction falls under regulatory exemptions. Consequently, the overall and aggregate shareholding of the Promoter and Promoter Group remains unchanged following the completion of this transfer on February 12, 2026.
Pre and Post Transaction Shareholding Summary (Acquirer Side)
The transfer resulted in a shift in individual holdings within the promoter group:
- Chandra Prakash Agrawal (Acquirer): Pre-transaction holding was 8,90,78,023 shares (36.919%), increasing post-transaction to 9,44,96,719 shares (39.165%).
- Chandra Prakash Agrawal HUF (Seller): Holding decreased from 54,18,696 shares (2.245%) to 0 shares (0.000%) post-transfer.
Source: BSE
