Gallantt Ispat: Inter-se Share Transfer within Promoter Group on Dec 23, 2025

Gallantt Ispat Limited has disclosed an inter-se transfer of equity shares within the Promoter and Promoter Group. The transaction, which occurred on December 23, 2025, involved the transfer of 50,47,...

Gallantt Ispat Limited has disclosed an inter-se transfer of equity shares within the Promoter and Promoter Group. The transaction, which occurred on December 23, 2025, involved the transfer of 50,47,275 equity shares, representing 2.092% of the total share capital, from Smriti Agrawal and Pallavi Agrawal to Chandra Prakash Agrawal and Santosh Kumar Agrawal. This transfer is described as a private arrangement to streamline the family's assets and does not involve an open offer as it falls under exemptions provided in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company had previously intimated a proposed acquisition under Regulation 10(5) on December 08, 2025. Following the transaction, the shareholding of Chandra Prakash Agrawal increased from 35.967% to 36.919%, and Santosh Kumar Agrawal's shareholding increased from 3.589% to 4.663%. The shareholding of Pallavi Agrawal decreased from 1.035% to 0.083%, and Smriti Agrawal's decreased from 7.057% to 0.083%.

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Why is Gallantt Ispat Limited in the news today?

Gallantt Ispat Limited (GALLANTT) is in the news due to the announcement details an inter-se transfer of shares within the promoter group, which is a routine corporate action for streamlining family assets and does not inherently indicate a positive or negative change in the company's operational performance or financial health.

Substantial Acquisition of Shares and TakeoversMajor Shareholder DisclosuresCorporate Governance Report
Gallantt Ispat LimitedGALLANTThttps://prysm.fi/v2/analyze/GALLANTT

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Gallantt Ispat: Inter-se Share Transfer within Promoter Group on Dec 23, 2025

December 26, 2025, 01:30 PM

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Gallantt Ispat Limited has disclosed an inter-se transfer of equity shares within the Promoter and Promoter Group. The transaction, which occurred on December 23, 2025, involved the transfer of 50,47,275 equity shares, representing 2.092% of the total share capital, from Smriti Agrawal and Pallavi Agrawal to Chandra Prakash Agrawal and Santosh Kumar Agrawal. This transfer is described as a private arrangement to streamline the family's assets and does not involve an open offer as it falls under exemptions provided in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company had previously intimated a proposed acquisition under Regulation 10(5) on December 08, 2025. Following the transaction, the shareholding of Chandra Prakash Agrawal increased from 35.967% to 36.919%, and Santosh Kumar Agrawal's shareholding increased from 3.589% to 4.663%. The shareholding of Pallavi Agrawal decreased from 1.035% to 0.083%, and Smriti Agrawal's decreased from 7.057% to 0.083%.

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