Gallantt Industry Private Limited, a part of the promoter group, has divested 26,51,975 equity shares of Gallantt Ispat Limited. The transaction, amounting to 1.099% of the total share capital, was executed via a block deal on the stock exchanges on October 22, 2026. This move reflects a shift in promoter shareholding, with the seller’s stake reducing to zero post-transaction.
Promoter Group Sells Significant Stake
Gallantt Industry Private Limited, identified as a key entity within the promoter group of Gallantt Ispat Limited, has completed the sale of a substantial block of shares. The transaction involved 26,51,975 equity shares, representing 1.099% of the total share capital. This sale was executed through the Block Deal Platform provided by the stock exchanges on October 22, 2026.
Shareholding Changes Detailed
Following this disposal, Gallantt Industry Private Limited’s holding in Gallantt Ispat Limited has reduced to 0% of the total share capital. The disclosure, made in accordance with SEBI regulations, details the shareholding before and after the transaction. The total equity share capital of Gallantt Ispat Limited remains unchanged at 24,12,80,945 equity shares of Rs. 10 each.
Regulatory Compliance
The submission aligns with the requirements of Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The announcement was made on October 23, 2026.
Source: BSE
