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 announced its Q3FY26 financial results for the quarter ended December 31, 2025, showing a decline in key financial metrics compared to the corresponding period last year. The Board of Directors approved the standalone and consolidated unaudited financial results in their meeting held on February 04, 2026.

Financial Performance Overview

The company's Q3FY26 results demonstrate year-on-year contractions across major performance indicators, though management noted that topline was impacted by softer realizations, offsetting marginal growth in Rebar sales.

Operational Performance Update

The company's operational metrics showed mixed results across its two manufacturing facilities. TMT Bars production increased marginally by 2.0% to 196 KT in Q3FY26 compared to 192 KT in Q3FY25, while pellet production surged 35.6% to 238 KT.

Nine Months Performance

For the nine months ended December 31, 2025, the company showed improved performance with revenue from operations of ₹3,214.11 crores compared to ₹3,220.58 crores in the corresponding period of FY25. Net profit for nine months increased significantly to ₹361.44 crores from ₹284.44 crores year-on-year, representing a 27.1% growth.

Market Position and Outlook

Gallantt Ispat maintains its position as the largest producer of Rebars in Uttar Pradesh with a 25% market share in its addressable geographies. The company operates through an extensive network of 3,000+ active dealers and 34 distributors, with 80% of sales conducted via the dealer-distributor network.

Management expects Q4 FY26 to benefit from stronger volume growth and strengthening of steel prices, with the monsoon season now over. The company's integrated operations across Gorakhpur and Kutch facilities provide strategic advantages in India's growing steel market, where demand is projected to grow approximately 9% in CY2026.