Gallantt Ispat Limited has successfully completed its comprehensive internal shareholding restructuring with the final share transfer from Uma Agrawal to Gallantt Trust. The latest disclosure reveals that Uma Agrawal has transferred 645615 equity shares to the trust on March 31, 2026, completing a series of transfers that included earlier transactions by Chandra Prakash Agrawal (89496719 shares), Santosh Kumar Agrawal (16902501 shares), Prem Prakash Agrawal (12910134 shares), Madhu Agrawal (20174917 shares), and Shyama Agrawal (4760670 shares). All off-market transactions were completed under a special SEBI exemption order dated March 20, 2026.

Complete Transaction Overview

The comprehensive restructuring involved six key promoters transferring their holdings to Gallantt Trust pursuant to SEBI's exemption order. This order provided relief from complying with regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Final Shareholding Impact

The transactions resulted in transfer of substantial promoter holdings to the trust structure. Post-transaction, Gallantt Trust has acquired a combined stake of 144890556 shares representing 60.051% of the company's equity, while the individual promoters' holdings reduced significantly.

SEBI Exemption Framework

The Securities and Exchange Board of India granted the exemption recognizing this as an internal family reorganization. The Gallantt Trust, established under the Indian Trusts Act, 1882, serves as a vehicle for succession planning and family welfare within the promoter group. The trust's beneficiaries include family members and their lineal descendants, ensuring continuity of promoter control.

Key conditions of the SEBI exemption include compliance with Companies Act provisions, filing of post-acquisition reports within 21 days, and annual compliance certifications. The trust must also ensure that beneficial ownership remains within the promoter family structure without any external transfer of control.

Trust Structure and Governance

Gallantt Trust operates as an irrevocable, discretionary private trust with Chandra Prakash Agrawal serving as both settlor and trustee alongside Santosh Kumar Agrawal and Prem Prakash Agrawal. The beneficiaries include the settlor, his family members, and their lineal descendants, maintaining the family character of the promoter group.

Regulatory Compliance

The transactions adhere to all disclosure requirements under SEBI regulations, with proper notifications submitted to both BSE Limited and National Stock Exchange of India Limited. The company has filed comprehensive disclosures under Regulation 29(2) of SEBI SAST Regulations and Regulation 7(2) of SEBI Prohibition of Insider Trading Regulations, ensuring full transparency for market participants and regulatory authorities. The company maintains its total equity share capital of ₹241.28 crore, divided into 24,12,80,945 equity shares of ₹10 each.

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.