Gallantt Industry Private Limited, a part of the Promoter Group of Gallantt Ispat Limited, announced the acquisition of 14,677 equity shares through market purchase. This transaction, finalized on February 26, 2026, incrementally increased the total holding of the Promoter Group. Following the acquisition, the group’s total shareholding in Gallantt Ispat Limited stands at 69.918% of the total diluted capital.
Share Acquisition by Promoter Group
This disclosure confirms that Gallantt Industry Private Limited, acting as an acquirer and a member of the Promoter Group, has increased its stake in Gallantt Ispat Limited (TC). The acquisition involved purchasing 14,677 equity shares via Open Market transactions on February 26, 2026. The number of shares acquired represents 0.006% of the total capital.
Holding Details Before and After Transaction
Prior to this acquisition, the total holding of the Acquirer and Persons Acting in Concert (PACs) in Gallantt Ispat Limited stood at 23,65,492 shares, equating to 0.980% of the total share capital. Following the acquisition of 14,677 shares, the cumulative holding for the Acquirer (Gallantt Industry Private Limited) reached 23,80,169 shares, representing 0.986%.
The consolidated shareholding of the entire Promoter Group (Acquirer plus PACs) saw a total increase of 14,677 shares. The total holding for the Promoter Group before the transaction was 16,86,84,079 shares (69.911%). After the acquisition, the group’s total holding increased to 16,86,98,756 shares, accounting for 69.918% of the total diluted share capital.
Capital Structure Context
The total equity share capital of Gallantt Ispat Limited, both before and after the transaction, remains constant at 24,12,80,945 Equity Shares of Rs. 10/- each.
Key Individuals in Concert (PACS)
The report details that Chandra Prakash Agrawal remains the largest single shareholder among the PACs with 8,90,78,023 shares (36.919%), a holding unchanged by this specific transaction. Other significant holders within the group, such as Madhu Agrawal (2,03,74,917 shares) and Santosh Kumar Agrawal (1,69,02,501 shares), also maintained their respective positions.
Source: BSE
