Gallantt Ispat Limited: Promoter Group Inter-se Share Transfer Completed

Gallantt Ispat Limited has informed the stock exchanges about an off-market inter-se transfer of equity shares among its Promoter and Promoter Group. This transaction, conducted on December 22, 2025, ...

Gallantt Ispat Limited has informed the stock exchanges about an off-market inter-se transfer of equity shares among its Promoter and Promoter Group. This transaction, conducted on December 22, 2025, and December 23, 2025, falls under the exemption provided by Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Specifically, on December 22, 2025, Mayank Agrawal transferred 7,63,31,915 shares (6.769%) to Prakash Chandra Agrawal, and Kumar Santosh Agrawal transferred 3.566% of shares to Santosh Kumar Agrawal. On December 23, 2025, Prakash Chandra Agrawal transferred 22,97,500 shares (0.952%) to Pallavi Agrawal, and Kumar Santosh Agrawal transferred 23,49,775 shares (0.914%) to Smriti Agrawal. The aggregate shares transferred in these transactions amount to 2,49,36,163 shares, representing 10.335% of the total share capital. Following these transfers, the shareholding of Chandra Prakash Agrawal increased from 29.798% to 35.967%, and Santosh Kumar Agrawal's shareholding increased from 0.123% to 3.689%. Conversely, Mayank Agrawal's and Ashutosh Agrawal's holdings reduced to 0%. Pallavi Agrawal's and Smriti Agrawal's holdings also saw a reduction. The company emphasized that this is a private transfer arrangement within the Agrawal family to streamline assets, and the overall shareholding of the Promoter and Promoter Group remains unchanged. The disclosure was made in continuation of prior intimations dated December 8, 2025.

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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 among promoters, which is a routine internal restructuring and does not directly impact the company's financial performance or operational outlook.

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

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Gallantt Ispat Limited: Promoter Group Inter-se Share Transfer Completed

December 26, 2025, 01:40 PM

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Gallantt Ispat Limited has informed the stock exchanges about an off-market inter-se transfer of equity shares among its Promoter and Promoter Group. This transaction, conducted on December 22, 2025, and December 23, 2025, falls under the exemption provided by Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Specifically, on December 22, 2025, Mayank Agrawal transferred 7,63,31,915 shares (6.769%) to Prakash Chandra Agrawal, and Kumar Santosh Agrawal transferred 3.566% of shares to Santosh Kumar Agrawal. On December 23, 2025, Prakash Chandra Agrawal transferred 22,97,500 shares (0.952%) to Pallavi Agrawal, and Kumar Santosh Agrawal transferred 23,49,775 shares (0.914%) to Smriti Agrawal. The aggregate shares transferred in these transactions amount to 2,49,36,163 shares, representing 10.335% of the total share capital.

Following these transfers, the shareholding of Chandra Prakash Agrawal increased from 29.798% to 35.967%, and Santosh Kumar Agrawal's shareholding increased from 0.123% to 3.689%. Conversely, Mayank Agrawal's and Ashutosh Agrawal's holdings reduced to 0%. Pallavi Agrawal's and Smriti Agrawal's holdings also saw a reduction. The company emphasized that this is a private transfer arrangement within the Agrawal family to streamline assets, and the overall shareholding of the Promoter and Promoter Group remains unchanged. The disclosure was made in continuation of prior intimations dated December 8, 2025.

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