Gallantt Industry Private Limited, part of the promoter group of Gallantt Ispat Limited, has acquired 76,500 equity shares of the company. This transaction, executed through an open market purchase on March 30, 2026, has increased the promoter group’s total shareholding in the company from 69.999% to 70.031%. The acquisition reflects continued confidence from the promoter group in the long-term prospects of the company.
Details of the Share Acquisition
In a recent move to consolidate its holding, Gallantt Industry Private Limited, a key member of the promoter group, successfully purchased 76,500 equity shares of Gallantt Ispat Limited. The acquisition was conducted through open market transactions on March 30, 2026, at a price consistent with prevailing market valuations. This purchase represents an incremental 0.032% stake in the company.
Impact on Promoter Shareholding
Following this transaction, the aggregate shareholding of the promoter and promoter group has risen to 16,89,70,562 equity shares. In percentage terms, the group’s total stake has increased to 70.031% of the company’s total voting capital. This strategic move aligns with the group’s ongoing efforts to strengthen its commitment to the organization.
Corporate Standing
The total equity share capital of Gallantt Ispat Limited remains unchanged at 24,12,80,945 equity shares of ₹10 each. This acquisition marks a steady shift in the capital structure, further aligning the interests of the promoter group with the overall growth objectives of Gallantt Ispat Limited as the company continues its operations in the current fiscal year.
Source: BSE
