Gallantt Industry Private Limited, part of the Promoter Group, has acquired 5,000 equity shares of Gallantt Ispat Limited through open market purchases on February 23, 2026. This transaction resulted in a marginal increase in the total shareholding of the Promoter Group. The total holding post-acquisition stands at 16,86,76,229 shares, representing 69.908% of the total share capital.
Disclosure of Share Acquisition by Promoter Group
Gallantt Industry Private Limited, a key entity within the Promoter Group of Gallantt Ispat Limited, has notified the stock exchanges regarding the acquisition of an additional 5,000 equity shares. This acquisition was executed via open market purchase on February 23, 2026.
Shareholding Details Before and After Transaction
Prior to this transaction, the total shareholding of the Acquirer (Gallantt Industry Private Limited) along with its Persons Acting in Concert (PACs) stood at 23,52,642 shares, accounting for 0.975% of the total share capital. Following the acquisition of 5,000 shares, the total holding increased to 23,57,642 shares, now representing 0.977% of the share capital.
Total Promoter Group Holding
The cumulative shareholding details for the entire Promoter Group (Acquirer and PACs) are summarized below:
- Before Acquisition: Total holding was 16,86,71,229 equity shares, constituting 69.906% of the total capital.
- Transaction Volume: An aggregate of 5,000 shares were acquired, representing 0.002%.
- After Acquisition: The total holding is now 16,86,76,229 equity shares, which equates to 69.908% of the total share capital of Gallantt Ispat Limited.
Entity Status Confirmation
The disclosure confirms that the Acquirer (Gallantt Industry Private Limited) and all listed Persons Acting in Concert (PACs), including various family trusts and private entities such as Gallantt Fincares Private Limited, all belong to the Promoter/Promoter group of the target company.
The notification was authorized by Smriti Agrawal, Director of Gallantt Industry Private Limited, and was dated February 24, 2026.
Source: BSE
