CHANDRA PRAKASH AGRAWAL HUF executed an inter-se transfer of 54,18,696 equity shares of Gallantt Ispat Limited on February 12, 2026, to Mr. Chandra Prakash Agrawal, a fellow Promoter Shareholder. This transaction was purely for internal family asset streamlining. The transfer resulted in the seller entity holding 0.000% of the total capital, while the acquirer (Chandra Prakash Agrawal) increased their direct holding to 39.165%.
Announcement of Promoter Group Share Transfer
CHANDRA PRAKASH AGRAWAL HUF formally disclosed the completion of a substantial inter-se transfer of equity shares in Gallantt Ispat Limited. The transaction, executed on February 12, 2026, involved the transfer of 54,18,696 equity shares, which represented 2.245% of the total share capital at the time of disposal.
Transaction Details and Rationale
The transfer was made to Mr. Chandra Prakash Agrawal, who is also a Promoter Shareholder. The communication explicitly stated that this movement of shares was conducted pursuant to a private transfer arrangement between members of the Agrawal family (Promoter and Promoter Group) aimed solely at streamlining the family’s assets.
Pre and Post Transaction Holdings Summary
The disclosure details the significant shift in ownership structure within the promoter bloc:
- Seller (CHANDRA PRAKASH AGRAWAL HUF): Before the transaction, the HUF held 54,18,696 shares (2.245%). Post-transfer, their holding stands at 0 shares (0.000%).
- Acquirer (Chandra Prakash Agrawal): The individual acquirer’s holding increased substantially to 9,44,96,719 shares, representing 39.165% of the total share capital of the Target Company.
Overall Capital Structure Impact
The total equity share capital of Gallantt Ispat Limited remained unchanged throughout the process at 24,12,80,945 Equity Shares of Rs. 10/- each. Although the seller’s direct stake was eliminated in this specific transfer, the overall shareholding of the Promoter/Promoter Group, when combined with all Persons Acting in Concert (PACs), consolidated their position, as evidenced by the acquirer’s increased stake.
Parties Involved in Concert (PACs)
The disclosure lists 34 entities and individuals categorized as Persons Acting in Concert (PACs) with the acquirer/seller. Key PACs who maintained their pre-transaction holdings include Madhu Agrawal (8.444%), Dinesh R Agarwal (5.807%), and Prem Prakash Agrawal (5.351%). This confirms the intra-family nature of the restructuring, as the total holding of the group remains accounted for across the consolidated list of associated entities.
Source: BSE
