Gallantt Industry Private Limited, part of the Promoter Group, has acquired an additional 17,154 equity shares of Gallantt Ispat Limited through open market purchases. This transaction, executed on March 2, 2026, increased the total holding of the Promoter Group. Following the acquisition, the total shareholding of the group stands at 24,04,523 shares, representing 0.996% of the total share capital.
Acquisition Details by Promoter Entity
Gallantt Industry Private Limited, identified as an Acquirer and a member of the Promoter Group, has announced the acquisition of 17,154 equity shares of Gallantt Ispat Limited. The acquisition method used was Open Market purchase. The effective date for this transaction was March 2, 2026.
Shareholding Shift Analysis
Prior to this transaction, the Acquirer (Gallantt Industry Private Limited) along with its Persons Acting in Concert (PACs) held 2,387,369 shares, equating to 0.989% of the total voting capital. Following the acquisition of 17,154 shares (constituting 0.007% of the capital), the aggregate holding of the Promoter Group now totals 2,404,523 shares, which translates to 0.996% of the total equity share capital.
Total Promoter Group Holding Summary
The combined total shareholding for the Promoter Group (Acquirer + PACs) has moved from 16,87,05,956 shares (69.921%) before the transaction to 16,87,23,110 shares (69.928%) after the transaction.
The total equity share capital of Gallantt Ispat Limited remains constant at 24,12,80,945 Equity Shares of Rs. 10/- each both before and after the said acquisition/disposal.
List of Key Persons Acting in Concert (PACs)
The disclosure identifies a broad list of PACs within the Promoter Group. Notable PACs, retaining their pre-transaction holding figures, include:
- Chandra Prakash Agrawal: Holding 8,90,78,023 shares (36.919%).
- Madhu Agrawal: Holding 2,03,74,917 shares (8.444%).
- Dinesh R Agarwal: Holding 1,40,12,196 shares (5.807%).
- Prem Prakash Agrawal: Holding 1,29,10,134 shares (5.351%).
The total aggregate holding of all listed PACs before the transaction stood at 16,63,18,587 shares (68.932%), a figure that remained unchanged by this specific acquisition.
Source: BSE
