Gallantt Industry Private Limited , forming part of the promoter group of Gallantt Ispat Limited, has acquired 76,500 equity shares through open market purchase. The acquisition was disclosed on 01.04.2026 under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.

Transaction Details

The share acquisition was completed on 30.03.2026 through open market purchase. The transaction involved 76,500 equity shares, representing 0.032% of the total share capital of Gallantt Ispat Limited.

Shareholding Pattern Changes

The acquisition resulted in changes to the overall promoter group shareholding in Gallantt Ispat Limited. The combined holding of the acquirer and persons acting in concert increased following this transaction.

Company Information

Gallantt Ispat Limited has an equity share capital of 24,12,80,945 equity shares of Rs. 10 each. The company's shares are listed on BSE Limited and National Stock Exchange of India Limited. The promoter group includes 35 entities and individuals acting in concert, with Chandra Prakash Agrawal holding the largest individual stake at 37.093%.

Regulatory Compliance

The disclosure was made by Smriti Agrawal, Director of Gallantt Industry Private Limited (DIN: 10040203), in compliance with SEBI regulations. The company is incorporated with CIN: U26990UP2020PTC137202 and has its registered office at GIDA, Sahjanwa, Gorakhpur, Uttar Pradesh.

Gallantt Ispat Limited has announced the receipt of a significant subsidy disbursement of Rs 233.55 crores from the State Government of Uttar Pradesh. The company disclosed this development in a regulatory filing under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Subsidy Details and Policy Framework

The subsidy has been granted under the Infrastructure and Industrial Investment Policy-2012 and 2017 of the State Government of Uttar Pradesh. This amount represents a refund of State Goods and Services Tax (SGST) that the company had paid under the said policy framework up to the period of June 2025.

Investment Strategy for Surplus Funds

Given the company's current financial structure, Gallantt Ispat Limited is not availing any term loans or other unsecured loans. With the subsidy funds being surplus to immediate operational requirements, the company has decided to invest these funds prudently. The management has chosen to place the subsidy amount, along with other surplus funds, as fixed deposits with HDFC Bank Limited.

Financial Position and Fund Management

The company's approach to fund management reflects a conservative investment strategy, prioritizing capital preservation while earning returns on surplus funds. The decision to invest in fixed deposits with a reputable banking institution demonstrates prudent financial management, especially considering the company's debt-free status regarding term loans and unsecured borrowings.

The total fixed deposit amount of Rs 300.01 crores includes both the recently received subsidy and other surplus funds available with the company. This strategic allocation ensures that the funds remain liquid while generating steady returns for the organization.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, specifically under Regulation 30 of the SEBI (LODR) Regulations, 2015, which mandates the disclosure of material events and information. The company secretary, Nitesh Kumar, signed the regulatory filing on April 01, 2026, ensuring timely communication to both the Bombay Stock Exchange and National Stock Exchange of India Limited.