Gallard Steel to Acquire Leasehold Land in Pithampur for Rs 7.5 Cr
Gallard Steel Limited has announced plans to acquire leasehold industrial land in Sector-7, Pithampur, Madhya Pradesh from MPIDC for approximately Rs 7.5 Cr, as disclosed in a BSE filing on June 25, 2026. The transaction, conducted at arm's length and outside any Scheme of Arrangement, aims to strengthen operational capabilities, enable capacity expansion, and diversify the company's product portfolio. No shares will be issued, and the deal does not involve any related party.
*this image is generated using AI for illustrative purposes only.
Gallard Steel Limited is planning to acquire leasehold industrial land in Sector-7, Pithampur, Madhya Pradesh, from the Madhya Pradesh Industrial Development Corporation (MPIDC) for approximately Rs 7.5 Cr. The acquisition is intended to support the company's long-term expansion strategy by strengthening its operational capabilities and enabling capacity expansion. This move will also allow Gallard Steel to diversify its product portfolio and support future business opportunities.
The transaction details were disclosed in a filing submitted to BSE Limited on June 25, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The consideration for the leasehold land is set at Rs 7.5 Cr, and the agreement will be entered into with MPIDC. The filing confirms that no shares will be issued for this transaction, and none of the sellers belong to the promoter, promoter group, or group companies.
The acquisition is not classified as a related party transaction and will be conducted at arm's length. Furthermore, the purchase of the land is outside any Scheme of Arrangement, and the company has confirmed compliance with the relevant regulations, including Regulation 37A of the LODR Regulations where applicable.
Key Details of the Acquisition
The following table outlines the key disclosures related to the land acquisition as submitted in the regulatory filing:
| S.No | Items for Disclosure | Description |
|---|---|---|
| 1 | Details of immovable property | Leasehold Industrial Land situated at Sector-7, Pithampur, Madhya Pradesh |
| 2 | Name(s) of parties | Madhya Pradesh Industrial Development Corporation (MPIDC) |
| 3 | Purpose of agreement | Acquisition of leasehold industrial land |
| 4 | Shareholding in entity | Nil |
| 5 | Consideration | Approx Rs 7.5 Cr |
| 6 | Issuance of shares | Not applicable |
| 7 | Seller details | None belong to promoter/promoter group/group companies |
| 8 | Related party transaction | No |
| 9 | Outside Scheme of Arrangement | Yes |
Historical Stock Returns for Gallard Steel
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -0.32% | +14.67% | -5.26% | -26.57% | -26.57% |
What is the expected timeline for the development of the new facility and when will it contribute to revenue?
Which specific product lines does Gallard Steel intend to diversify into with this new capacity?
How will the company finance the Rs 7.5 Cr acquisition and subsequent construction costs?
18
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
