Gallantt Industry Private Limited, part of the Promoter Group, has disclosed the acquisition of 7,000 equity shares in Gallantt Ispat Limited via market purchase. The transaction occurred on February 24, 2026. This purchase slightly increased the Promoter Group’s total holding from 69.908% to 69.911% of the total share capital. The disclosure was made as per relevant SEBI regulations concerning substantial acquisition and insider trading.
Share Acquisition Announcement
Gallantt Industry Private Limited, functioning as an Acquirer and a member of the Promoter Group, has officially notified the exchanges regarding the acquisition of equity shares in the target company, GALLANTT ISPAT LIMITED. The details confirm an acquisition of 7,000 shares through Open market purchase mode.
Change in Shareholding Position
The acquisition, finalized on 24.02.2026, resulted in a marginal increase in the total stake held by the Acquirer and Persons Acting in Concert (PACs). Prior to the transaction, the combined holding stood at 23,57,642 shares, representing 0.977% of the total share capital (for the Acquirer alone). Post-acquisition, the Acquirer’s holding increased to 23,64,642 shares (0.980%).
Total Promoter Group Holding Update
The aggregate holding of the entire Promoter Group (Acquirer + PACs) also saw a small upward revision. The total share capital of the company remains 24,12,80,945 Equity Shares of Rs. 10/- each.
- Holding Before Acquisition: 16,86,76,229 shares, accounting for 69.908% of the capital.
- Holding After Acquisition: 16,86,83,229 shares, increasing the stake to 69.911% of the total share capital.
The filing was authorized by Ms. Smriti Agrawal, Director of Gallantt Industry Private Limited, on February 25, 2026.
Source: BSE
