Gallantt Industry Private Limited, part of the Promoter Group, announced the acquisition of 28,275 equity shares of Gallantt Ispat Limited via open market purchases. This transaction, dated March 4, 2026, increased the combined holding of the Promoter Group to 69.940% of the total diluted share capital. The acquisition involved a nominal increase in voting rights percentage, reflecting a strategic bolstering of the group’s stake in the company.
Acquisition Details by Promoter Group Entity
Gallantt Industry Private Limited, identified as an Acquirer and a member of the Promoter Group, formally disclosed the acquisition of 28,275 equity shares of Gallantt Ispat Limited. The acquisition was executed through the Open Market mode.
The transaction dates recorded were March 4, 2026 (for acquisition) and the intimation date was March 5, 2026.
Pre and Post-Transaction Shareholding Analysis
Before the acquisition, the total shareholding of the Acquirer (Gallantt Industry Private Limited) along with its Persons Acting in Concert (PACs) stood at 24,04,523 shares, representing 0.996% of the total share capital.
The 28,275 shares acquired accounted for an increase of 0.012% in the voting rights compared to the total share capital.
Following the transaction, the combined holding of the Acquirer and its PACs increased to 24,32,798 shares, which translates to 1.008% of the total share capital.
Total Promoter Group Holding Impact
The disclosure details the collective holding of the entire Promoter Group, including the Acquirer and 33 named PACs. The total shareholding before the transaction stood at 16,87,23,110 shares, representing 69.928% of the total capital.
After accounting for the acquisition of 28,275 shares by the Acquirer, the total holding of the Promoter Group escalated to 16,87,51,385 shares. This new aggregate holding represents 69.940% of the total diluted share capital of Gallantt Ispat Limited, showing a marginal increase of 0.012%.
The total equity share capital of the Target Company (TC) remains constant throughout the disclosure period at 24,12,80,945 Equity Shares of Rs. 10/- each.
Confirmation of Promoter Status
All listed entities and individuals comprising the Acquirer and the identified 33 Persons Acting in Concert (PACs) have confirmed their status as belonging to the Promoter/Promoter group of Gallantt Ispat Limited.
Source: BSE
