Gallantt Industry Private Limited, a member of the Promoter Group, has acquired 7,200 equity shares of Gallantt Ispat Limited via open market purchases on February 27, 2026. This transaction resulted in a marginal increase in the promoter group’s holding to 69.921% of the total diluted share capital. The acquisition was reported under relevant SEBI regulations concerning substantial acquisition and insider trading.
Disclosure of Share Acquisition
Gallantt Industry Private Limited, which is part of the Promoter Group of Gallantt Ispat Limited (the Target Company, TC), has formally disclosed the acquisition of 7,200 equity shares of the TC. The acquisition was executed through an Open market transaction on February 27, 2026.
Change in Promoter Group Holding
The disclosure provides a detailed breakdown of the shareholding pattern before and after the transaction for both the Acquirer (Gallantt Industry Private Limited) and the entire Persons Acting in Concert (PAC) group.
Acquirer Specifics (Gallantt Industry Private Limited)
- Before Acquisition: Held 23,80,169 shares, representing 0.986% of the total share capital.
- Transaction: Acquired 7,200 shares (0.003% stake).
- After Acquisition: Holding increased to 23,87,369 shares, representing 0.989% of the total share capital.
Total Promoter Group Holding (Acquirer + PACs)
The analysis covering all entities classified as PACs reveals the aggregate change:
- Total Holding Before Transaction: 16,86,98,756 shares, constituting 69.918% of the total capital.
- Total Holding After Transaction: 16,87,05,956 shares, which corresponds to 69.921% of the total capital.
Capital Structure Details
The total equity share capital of Gallantt Ispat Limited remained unchanged throughout this filing period. The Equity Share Capital stands at 24,12,80,945 Equity Shares of Rs. 10/- each, both before and after the said acquisition.
List of Persons Acting in Concert (PACs)
The disclosure identified a significant list of 34 Persons Acting in Concert (PACs) with the Acquirer. Key members within this group include Chandra Prakash Agrawal (holding 36.919%) and Santosh Kumar Agrawal (holding 7.005%) prior to the transaction. The document confirms that the acquirer/seller belongs to the Promoter/Promoter group.
Source: BSE
