Gallantt Ispat Promoter Chandra Prakash Agrawal Acquires 22.98 Lakh Shares
Chandra Prakash Agrawal, Director and Promoter of Gallantt Ispat Limited, acquired 22,97,500 equity shares from Pallavi Agrawal, a promoter group member, in an off-market inter-se transfer. This transaction increased the promoter group's shareholding from 35.97% to 36.92%. Pallavi Agrawal's shareholding decreased from 1.04% to 0.08% following the transfer. The company's promoter group consists of 34 entities, including individuals, HUFs, and corporate entities.
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Gallantt Ispat Limited has disclosed a significant share acquisition within its promoter group, with Director and Promoter Shareholder Chandra Prakash Agrawal acquiring 22,97,500 equity shares from promoter group member Pallavi Agrawal in an inter-se transfer. This transaction has increased the promoter holding to 36.92% from 35.97%.
Transaction Details
The acquisition involved the transfer of shares from Ms. Pallavi Agrawal, who is an immediate relative and Promoter Group Shareholder, to Chandra Prakash Agrawal. This off-market transaction was conducted as a private transfer arrangement between members of the Agrawal family, specifically designed to streamline the family's assets within the promoter group structure.
| Transaction Parameter | Details |
|---|---|
| Shares Acquired | 22,97,500 equity shares |
| Transfer Mode | Off-Market/Inter-se Transfer |
| Seller | Ms. Pallavi Agrawal (Promoter Group) |
| Acquirer | Chandra Prakash Agrawal (Director & Promoter) |
Impact on Shareholding Pattern
The acquisition has resulted in a notable change in the promoter group's shareholding structure. Prior to this transaction, Chandra Prakash Agrawal along with his Persons Acting in Concert (PACs) held 86,78,0523 shares, representing 35.97% of the total share capital.
| Shareholding Position | Before Acquisition | After Acquisition | Change |
|---|---|---|---|
| Number of Shares | 86,78,0523 | 89,07,8023 | +22,97,500 |
| Percentage Holding | 35.97% | 36.92% | +0.95% |
| Voting Rights | 35.97% | 36.92% | +0.95% |
Seller's Shareholding Impact
The transaction also affected Ms. Pallavi Agrawal's shareholding position within the promoter group structure. Her holding decreased from 24,97,500 shares to 2,00,000 shares following the inter-se transfer.
| Pallavi Agrawal's Position | Before Transfer | After Transfer | Change |
|---|---|---|---|
| Number of Shares | 24,97,500 | 2,00,000 | -22,97,500 |
| Percentage Holding | 1.04% | 0.08% | -0.95% |
Promoter Group Structure
The disclosure reveals an extensive promoter group structure comprising 34 entities, including individual promoters, Hindu Undivided Families (HUFs), and corporate entities. Key members of the promoter group include:
- Chandra Prakash Agrawal and Chandra Prakash Agrawal HUF
- Santosh Kumar Agrawal and Santosh Kumar Agrawal HUF
- Prem Prakash Agrawal and Prem Prakash Agrawal HUF
- Various family members including Mayank Agrawal, Madhu Agrawal, and Dinesh R Agarwal
- Corporate entities such as Gallantt Fincares Private Limited and Gallantt Industry Private Limited
Regulatory Compliance
The transaction has been disclosed in compliance with regulatory requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and SEBI (Prohibition of Insider Trading) Regulations, 2015. The company's equity share capital stands at 24,12,80,945 equity shares of ₹10 each after this transaction.
Historical Stock Returns for Gallantt Ispat
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.25% | +1.39% | -11.56% | -1.23% | +52.93% | +1,326.12% |
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