Smriti Agrawal, a promoter group shareholder of Gallantt Ispat Limited, has acquired 23,01,300 equity shares on September 18, 2026, through a gift. This disclosure, made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and SEBI (Prohibition of Insider Trading) Regulations, 2015, details the changes in promoter shareholding. Following this acquisition, the promoter group’s total holding in the company has increased.
Gallantt Ispat Limited: Shareholding Update
Smriti Agrawal, acting as a Promoter Group Shareholder of Gallantt Ispat Limited, has officially disclosed the acquisition of 23,01,300 equity shares. This transaction took place on September 18, 2026, and was executed via a gift. The disclosure is in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Impact on Shareholding
Prior to this acquisition, the acquirer along with Persons Acting in Concert (PACs) held 2,00,000 shares, representing 0.083% of the total share capital. Following the gift of 23,01,300 shares, the total holding of the acquirer and PACs now stands at 25,01,300 shares, which constitutes 1.037% of the total share capital. The total diluted share capital of the company remains 24,12,80,945 Equity Shares.
Transaction Details
The mode of acquisition was an Off-Market / Gift transaction. The details of the acquisition were submitted to both the BSE Limited and the National Stock Exchange of India Limited. The announcement also lists a comprehensive breakdown of other promoter group shareholders and their respective holdings, both before and after the transaction, as documented in Annexure – 1.
Source: BSE
