Chandra Prakash Agrawal, a Director and Promoter Shareholder of Gallantt Ispat Limited, has transferred 50,00,000 equity shares to CP Agrawal Daughters Trust, a Promoter Group Shareholder. This transfer was executed as an OFF-MARKET GIFT on March 17, 2026. Following the transaction, the seller’s total holding decreased from 39.165% to 37.093% of the total share capital.
Share Transfer Announcement
Chandra Prakash Agrawal, acting as a Director and Promoter Shareholder of Gallantt Ispat Limited, has officially informed the stock exchanges about a significant disposal of equity shares. The transaction involved transferring 50,00,000 equity shares (representing 2.072% of the total share capital) to CP Agrawal Daughters Trust, which is classified as a Promoter Group Shareholder.
Transaction Details
The disposal was executed as an OFF-MARKET GIFT. The transaction date was recorded as March 17, 2026. The total equity share capital of Gallantt Ispat Limited before and after the transaction remained consistent at 24,12,80,945 Equity Shares of Rs. 10/- each.
Impact on Promoter Holding
Prior to this transaction, Chandra Prakash Agrawal held 9,44,96,719 shares, representing 39.165% of the total capital. Post the disposal of 50,00,000 shares, the seller’s resultant holding stands at 8,94,96,719 shares, equating to 37.093% of the total voting capital.
Persons Acting in Concert (PACs) Confirmation
The disclosure filing meticulously listed 35 entities and individuals forming part of the Promoter Group and acting in concert with the seller, all of whom have confirmed their status as belonging to the Promoter/Promoter group. This list includes the acquirer, CP Agrawal Daughters Trust, and numerous individual and Hindu Undivided Family (HUF) entities associated with the group.
Source: BSE
