Gallantt Industry Private Limited, part of the Promoter Group, has acquired 6,600 equity shares of Gallantt Ispat Limited via market purchase on March 9, 2026. This acquisition resulted in a marginal increase in the Promoter Group’s total holding from 69.944% to 69.947% of the total share capital. The filing confirms compliance with substantial acquisition and insider trading regulations.
Disclosure of Share Acquisition by Promoter Group
Gallantt Industry Private Limited, acting as an acquirer and a member of the Promoter Group, has formally notified the stock exchanges regarding the acquisition of equity shares in Gallantt Ispat Limited (TC). The acquisition was conducted through a market purchase on March 9, 2026.
Details of the Transaction
The total number of shares acquired in this transaction amounted to 6,600 equity shares. This acquisition led to a slight increase in the aggregate shareholding of the Promoter Group and Persons Acting in Concert (PACs).
Shareholding Before Transaction
- Acquirer (Gallantt Industry Private Limited) holding: 24,42,983 shares, representing 1.012% of total share capital.
- Total Promoter Group holding (1+2): 16,87,61,570 shares, representing 69.944% of the total share capital.
Transaction Summary
- Shares acquired: 6,600 shares.
- Percentage increase in voting capital: 0.003%.
Shareholding After Transaction
- Acquirer (Gallantt Industry Private Limited) holding: 24,49,583 shares, representing 1.015% of total share capital.
- Total Promoter Group holding (1+2): 16,87,68,170 shares, representing 69.947% of the total share capital.
Capital Structure Consistency
The total equity share capital of Gallantt Ispat Limited remained constant throughout the period, standing at 24,12,80,945 Equity Shares of Rs. 10/- each both before and after the transaction. The mode of acquisition was explicitly stated as Open market.
Acquirer and Persons Acting in Concert (PACs)
The disclosure lists the acquirer, Gallantt Industry Private Limited, alongside 34 designated Persons Acting in Concert (PACs), including major shareholders like Chandra Prakash Agrawal and Gallantt Fincares Private Limited, confirming their collective status as the Promoter Group.
Source: BSE
