Promoter group shareholder Smriti Agrawal has acquired 23,01,300 equity shares of Gallantt Ispat through an off-market gift transaction on September 18, 2026.

The acquisition was disclosed 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 shares were gifted by Ashwin Gupta, who falls under the public category shareholder segment, along with his person acting in concert (PAC), Shweta Gupta.

Shareholding Details

Prior to this transaction, Smriti Agrawal held 2,00,000 shares, representing 0.083% of the total voting capital. Following the acquisition, her holding stands at 25,01,300 shares, or 1.037% of the total diluted share capital.

The total equity share capital of Gallantt Ispat remains unchanged at 24,12,80,945 equity shares of ₹10 each.

Promoter Group Consolidated Holding

The combined holding of Smriti Agrawal and her persons acting in concert (PACs) increased from 16,89,70,561 shares (70.031%) to 17,12,71,861 shares (70.985%) post-transaction. The PAC group includes entities such as Gallantt Trust, which holds the majority stake at 60.051%, and Gallantt Industry Private Limited with 1.099%.

This off-market transfer does not alter the total promoter group stake significantly in terms of percentage points but consolidates holdings within the promoter family structure.

Gallantt Ispat has filed a revised annual report for FY26 with the BSE and NSE to rectify a missing Corporate Affairs Report (CARO). The company disclosed that the omission was inadvertent and resulted from a printing agency error during page assembly.

Filing Details

The revised document was submitted on September 20, 2026, in compliance with Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Gallantt Ispat stated that the CARO was not attached to the standalone auditors' report in the initial submission.

The company attributed the error to its printing agency, which failed to include the report while arranging and assembling pages. Gallantt Ispat noted that time constraints prevented them from noticing the mistake before the original deadline.

Regulatory Compliance

Investors are advised to ignore the previously submitted annual report and refer to the revised version. The updated report is available on the company website and has been dispatched electronically to registered members. The filing was signed by Nitesh Kumar, Company Secretary and Compliance Officer.