Gallantt Ispat Limited has announced the completion of an inter-se transfer of equity shares among its promoter group members, involving the transfer of 54,18,696 equity shares representing 2.245% of the company's total shareholding. The transaction was executed on February 12, 2026, as an off-market transfer between family members within the promoter group.

Transaction Details

The share transfer involved Chandra Prakash Agrawal HUF as the transferor and Chandra Prakash Agrawal as the transferee. This transaction represents a private arrangement within the Agrawal family aimed at streamlining family assets.

Regulatory Compliance

The transaction falls within the exemption under Regulation 10(1)(a)(iv) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as it constitutes an inter-se transfer among promoter and promoter group members. The company had previously filed the required disclosure under Regulation 10(5) on December 08, 2025, in compliance with regulatory requirements.

Shareholding Impact

The inter-se transfer has resulted in changes to individual shareholding patterns while maintaining the overall promoter group holding unchanged.

Corporate Information

Gallantt Ispat Limited operates with its registered office and Gorakhpur unit located at Gorakhpur Industrial Development Authority (GIDA), Sahjanwa, Gorakhpur, Uttar Pradesh. The company also maintains a Gujarat unit at Samakhiali, Bhachau, District Kutch. The disclosure was signed by Nitesh Kumar, Company Secretary and Compliance Officer, and Chandra Prakash Agrawal, Director and Promoter, ensuring proper regulatory compliance and documentation of the transaction.

Gallantt Ispat Limited has received a regulatory disclosure regarding the acquisition of equity shares by its promoter group entity. Gallantt Industry Private Limited, which forms part of the promoter group, acquired 26,546 equity shares through market purchase on 13.02.2026.

Transaction Details

The acquisition was formally disclosed on 14.02.2026 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. The shares were acquired through open market transactions.

Shareholding Pattern Changes

The transaction resulted in a marginal increase in the promoter group's shareholding. Before the acquisition, Gallantt Industry Private Limited held 22,64,674 shares representing 0.939% of the total share capital. Post-acquisition, their holding increased to 22,91,220 shares, representing 0.950% of the total share capital.

Promoter Group Structure

The promoter group includes 34 entities comprising individuals, Hindu Undivided Families (HUFs), and corporate entities. Key promoters include Chandra Prakash Agrawal holding 36.919%, Madhu Agrawal with 8.444%, Santosh Kumar Agrawal with 7.005%, and Dinesh R Agarwal holding 5.807% of the total share capital.

Combined Promoter Holdings

The total combined holding of the acquirer along with persons acting in concert increased from 16,85,83,261 shares (69.870%) to 16,86,09,807 shares (69.881%) following this transaction. The company's total equity share capital remains unchanged at 24,12,80,945 equity shares of Rs. 10/- each.

Regulatory Compliance

Gallantt Ispat Limited's shares are listed on BSE Limited (Scrip Code: 532726) and National Stock Exchange of India Limited (Symbol: GALLANTT). The disclosure was signed by Smriti Agrawal, Director of Gallantt Industry Private Limited (DIN: 10040203), ensuring compliance with regulatory requirements for substantial acquisition disclosures.