Gallantt Industry Private Limited, as part of the Promoter Group, has increased its stake in Gallantt Ispat Limited through a market purchase. A total of 24,355 equity shares were acquired on March 20, 2026. This acquisition resulted in the aggregate holding of the Promoter Group increasing slightly from 69.985% to 69.995% of the total diluted share capital, underscoring continued promoter confidence in the company.
Acquisition Details by Promoter Group Entity
Gallantt Industry Private Limited, recognized as a member of the Promoter Group of Gallantt Ispat Limited, has executed a transaction involving the acquisition of equity shares. This acquisition, formalized via market purchase, involved 24,355 equity shares.
Shareholding Changes Post-Transaction
Prior to this transaction, the total voting rights held by the Acquirer (Gallantt Industry Private Limited) along with its Persons Acting in Concert (PACs) stood at 25,41,120 shares, representing 1.053% of the total capital.
Following the acquisition of 24,355 shares (representing 0.010% of the capital), the total holding has increased to 25,65,475 shares, equating to 1.063% of the total capital.
Aggregate Promoter Group Holding Movement
When analyzing the entire Promoter Group’s holding (Acquirer + PACs), the aggregation shows significant figures:
- Before Acquisition: The total holding stood at 16,88,59,707 shares, which constituted 69.985% of the total share capital.
- Transaction Impact: The group acquired 24,355 shares, which is 0.010% of the capital.
- After Acquisition: The aggregate holding is now 16,88,84,062 shares, resulting in an ownership stake of 69.995% of the total share capital.
Contextual Information
The mode of acquisition utilized for this purchase was Open market. The date of acquisition was recorded as March 20, 2026. The total equity share capital of Gallantt Ispat Limited, both before and after the transaction, remained constant at 24,12,80,945 Equity Shares of Rs. 10/- each.
Key PACs Maintaining Static Holdings
Several key Persons Acting in Concert (PACs) maintained their positions exactly as before the transaction. Most notably, the largest shareholder within the group, Chandra Prakash Agrawal, retained a holding of 8,94,96,719 shares (37.093%), and Madhu Agrawal retained 2,03,74,917 shares (8.444%).
Source: BSE
