Smriti Agrawal, a promoter group shareholder of Gallantt Ispat Limited, has acquired 91,98,700 equity shares through a gift. This transaction, effective October 22, 2026, has increased her shareholding to 4.849% of the total equity capital. The disclosure also notes the involvement of various Persons Acting in Concert (PACs) from the promoter group and clarifies the seller of the shares was Shweta Gupta.
Promoter Group Shareholder Acquires Significant Stake in Gallantt Ispat
Smriti Agrawal, a key promoter group shareholder of Gallantt Ispat Limited, has announced the acquisition of 91,98,700 equity shares in the company. This significant transaction took place on October 22, 2026, and was executed via a gift.
Shareholding Changes and Regulatory Compliance
Following this acquisition, Smriti Agrawal’s total holding in Gallantt Ispat Limited, along with Persons Acting in Concert (PACs), has risen to 1,17,00,000 shares, representing 4.849% of the total share capital. The disclosure confirms that the shares were acquired from Shweta Gupta, who is identified as a public category shareholder.
The filing includes detailed disclosures under 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. The document lists numerous PACs associated with the promoter group, all of whom also belong to the promoter category.
Transaction Details
The mode of acquisition was classified as Off-Market / Gift. Before the transaction, Smriti Agrawal held 25,01,300 shares (1.037% of total capital). The transaction involved 91,98,700 shares, bringing her post-acquisition total to 1,17,00,000 shares (4.849%). The total equity share capital of Gallantt Ispat Limited remains 24,12,80,945 Equity Shares of Rs. 10/- each both before and after the acquisition.
Source: BSE
