Gallantt Industry Private Limited, a member of the Promoter Group, has acquired 76,000 equity shares of Gallantt Ispat Limited via open market purchases. This transaction, dated March 18, 2026, resulted in a marginal increase in the group’s total holding. The acquisition caused the group’s total shareholding percentage to rise slightly from 1.015% to 1.046% of the total equity share capital.
Promoter Group Share Acquisition Disclosure
Gallantt Industry Private Limited, acting as an Acquirer and part of the Promoter Group, has formally informed stock exchanges regarding the acquisition of equity shares in Gallantt Ispat Limited (the Target Company). The acquisition involved 76,000 equity shares executed through open market transactions.
Shareholding Changes Detailed
Prior to this transaction, the total holding of the Acquirer and Persons Acting in Concert (PACs) stood at 24,49,583 shares, representing 1.015% of the total voting capital.
The details of the transaction are as follows:
- Shares Acquired: 76,000 equity shares carrying voting rights.
- Percentage Increase (Voting Capital): This purchase equates to an increase of 0.031% in the total share/voting capital.
Following the acquisition, the cumulative holding of the Promoter Group and PACs increased to 25,25,583 shares, equating to a total ownership stake of 1.046% of the company’s equity share capital.
Total Capital Structure Context
The acquisition was finalized based on the equity share capital structure existing at that time. The total equity share capital of Gallantt Ispat Limited before and after the said acquisition/disposal stood at 24,12,80,945 Equity Shares of Rs. 10/- each.
Key Parties Involved
The disclosure confirmed that the acquirer, Gallantt Industry Private Limited, along with 35 identified Persons Acting in Concert (PACs)—including various family trusts and individuals such as Chandra Prakash Agrawal and Madhu Agrawal—are collectively considered part of the Promoter Group for this filing.
The date of acquisition/receipt of intimation for this transaction was officially recorded as March 18, 2026.
Source: BSE
