CP Agrawal Daughters Trust, part of the Promoter Group of Gallantt Ispat Limited, has disclosed the acquisition of 50,00,000 equity shares. This transaction occurred via an OFF-MARKET GIFT from Chandra Prakash Agrawal on March 17, 2026. Following the acquisition, the Trust’s total shareholding stands at 2.072% of the total paid-up capital, while Chandra Prakash Agrawal’s stake decreased by the same amount.
Disclosure of Substantial Acquisition by Promoter Group
CP Agrawal Daughters Trust has officially submitted disclosures regarding a significant off-market transfer involving equity shares of Gallantt Ispat Limited. The transaction constitutes a Substantial Acquisition of Shares by an entity already forming part of the Promoter Group, as defined under relevant SEBI regulations.
Transaction Details
The core of the transaction was the acquisition of 50,00,000 (Fifty Lakh) equity shares of Gallantt Ispat Limited. The transfer method was explicitly stated as a GIFT executed via an OFF-MARKET transaction. The seller in this transaction was Chandra Prakash Agrawal.
The effective date of the transaction, recorded as the date of receipt of intimation, was 17.03.2026.
Shareholding Post-Acquisition
Prior to the acquisition/disposal, CP Agrawal Daughters Trust held 0 shares (0.000% of capital). After the transfer, the Trust now holds 50,00,000 shares, representing 2.072% of the total share capital of Gallantt Ispat Limited.
Conversely, the seller, Chandra Prakash Agrawal, saw a corresponding reduction in his holdings. His pre-transaction holding was 9,44,96,719 shares (39.165%), which reduced to 8,94,96,719 shares (37.093%) post-transaction.
The total equity share capital of the Target Company (TC) remains constant at 24,12,80,945 Equity Shares of Rs. 10/- each before and after the said acquisition/disposal.
Persons Acting in Concert (PACs)
This disclosure also confirms that all listed acquirers and their respective Persons Acting in Concert (PACs) belong to the Promoter Group of Gallantt Ispat Limited. The list of identified PACs includes numerous individuals such as Madhu Agrawal, Dinesh R Agarwal, Prem Prakash Agrawal, and associated HUFs and corporate entities, all of whom maintained their existing shareholding positions.
Regulatory Filings
The Trustees for CP Agrawal Daughters Trust confirmed that the necessary disclosures have been furnished, including the disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011, and initial and subsequent disclosures required under Regulation 7(1) and 7(2) of SEBI (PIT) Regulations, 2015.
Source: BSE
