Gallantt Ispat Limited has announced a significant promoter group shareholding transfer involving 86,04,248 equity shares. The transaction, disclosed under SEBI regulations on December 23, 2025, represents a strategic asset restructuring within the promoter family.

Transaction Details

Santosh Kumar Agrawal acquired 86,04,248 equity shares from Ashutosh Agrawal, an immediate relative and fellow promoter group member. The transaction was executed as an off-market gift transaction on December 22, 2025, as part of a private arrangement between the Agrawal family to streamline family assets.

Shareholding Changes

The acquisition significantly altered the individual shareholding positions within the promoter group. Santosh Kumar Agrawal's holding increased substantially, while Ashutosh Agrawal's entire stake was transferred.

Regulatory Compliance

The disclosure was filed under multiple SEBI regulations to ensure complete regulatory compliance:

• Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015

The company's total issued capital comprises 24,12,80,945 equity shares of ₹10.00 each.

Promoter Group Structure

The extensive promoter group includes 34 entities comprising individual promoters, Hindu Undivided Families (HUFs), and private limited companies. Key members include Chandra Prakash Agrawal and associated entities, various Agrawal family members and their HUFs, Gallantt Fincares Private Limited, and Gallantt Industry Private Limited.

Strategic Rationale

According to the official disclosure, this transfer represents a private arrangement within the Agrawal family specifically designed to streamline family assets. The transaction maintains the overall promoter group holding while redistributing shares among family members for better asset organization and management efficiency.

Gallantt Ispat Limited has witnessed a significant internal shareholding restructuring as promoter Chandra Prakash Agrawal acquired a substantial stake from a fellow promoter group member. The transaction, executed on December 22, 2025, and disclosed under SEBI regulations on December 23, 2025, represents a strategic consolidation of shares within the promoter family.

Transaction Details

Chandra Prakash Agrawal acquired 16.33 million (1.63 crore) equity shares from promoter group member Mayank Agrawal through an off-market gift transaction. The key transaction parameters are presented below:

Impact on Shareholding Pattern

The transaction resulted in a notable change in the promoter group's shareholding structure. Following this internal transfer, the combined holding of Chandra Prakash Agrawal and persons acting in concert increased significantly:

Regulatory Compliance

The transaction was disclosed in compliance with SEBI regulations, including Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited.

Family Asset Restructuring

According to the official disclosure, this transfer represents a private arrangement between members of the Agrawal family, specifically designed to streamline family assets. The transaction involved immediate relatives within the promoter and promoter group structure, with Mayank Agrawal transferring his entire shareholding to Chandra Prakash Agrawal.

Market Implications

Since the transaction was structured as a gift between promoter group members, no monetary consideration was involved. The shares were transferred off-market, ensuring no direct impact on the company's market price during the transaction. The consolidation strengthens the promoter group's control over the company while maintaining the overall promoter group shareholding within the same family structure.