Gallantt Ispat: Inter-se Transfer of Shares Within Promoter Group on Dec 22

Gallantt Ispat Limited has submitted a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding an inter-se transfer of equity shares wi...

Gallantt Ispat Limited has submitted a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding an inter-se transfer of equity shares within the Promoter and Promoter Group. This transfer, which occurred on December 22, 2025, involved equity shares from Mayank Agrawal and Ashutosh Agrawal, being transferred to Chandra Prakash Agrawal and Santosh Kumar Agrawal. The rationale for this acquisition is stated as a private transfer arrangement among the Agrawal family to streamline family assets. Prior to the transaction, Mayank Agrawal held 1,63,31,915 shares (6.769%) and Ashutosh Agrawal held 86,04,248 shares (3.566%). Post-transaction, both have zero holdings. Chandra Prakash Agrawal's shareholding increased from 7,04,48,608 shares (29.798%) to 8,67,80,523 shares (35.967%), and Santosh Kumar Agrawal's shareholding increased from 2,97,535 shares (0.123%) to 89,01,783 shares (3.689%). The total shares transferred were 2,49,36,163, representing 10.335% of the total equity shares. This disclosure follows an earlier intimation made on December 8, 2025, under Regulation 10(5) of SEBI (SAST) Regulations, 2011, and adheres to the prescribed timelines.

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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 intra-family share transfer which does not inherently improve or worsen the company's financial standing or operational outlook. it is a routine disclosure related to promoter group holdings.

Substantial Acquisition of Shares and TakeoversShareholding Pattern
Gallantt Ispat LimitedGALLANTThttps://prysm.fi/v2/analyze/GALLANTT

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Gallantt Ispat: Inter-se Transfer of Shares Within Promoter Group on Dec 22

December 26, 2025, 01:21 PM

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Gallantt Ispat Limited has submitted a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding an inter-se transfer of equity shares within the Promoter and Promoter Group.

This transfer, which occurred on December 22, 2025, involved equity shares from Mayank Agrawal and Ashutosh Agrawal, being transferred to Chandra Prakash Agrawal and Santosh Kumar Agrawal. The rationale for this acquisition is stated as a private transfer arrangement among the Agrawal family to streamline family assets.

Prior to the transaction, Mayank Agrawal held 1,63,31,915 shares (6.769%) and Ashutosh Agrawal held 86,04,248 shares (3.566%). Post-transaction, both have zero holdings. Chandra Prakash Agrawal's shareholding increased from 7,04,48,608 shares (29.798%) to 8,67,80,523 shares (35.967%), and Santosh Kumar Agrawal's shareholding increased from 2,97,535 shares (0.123%) to 89,01,783 shares (3.689%). The total shares transferred were 2,49,36,163, representing 10.335% of the total equity shares.

This disclosure follows an earlier intimation made on December 8, 2025, under Regulation 10(5) of SEBI (SAST) Regulations, 2011, and adheres to the prescribed timelines.

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