Chandra Prakash Agrawal�has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
Chandra Prakash Agrawal, on behalf of the Promoter and Promoter Group, has filed the annual Regulation 31(4) disclosure with the exchanges. As of March 31, 2025, the Promoter and Promoter Group collectively hold 16,63,18,412 equity shares, representing 68.93% of Gallantt Ispat's total share capital. The disclosure confirms that no new encumbrances (pledges) have been created on promoter-held shares during the financial year ended March 31, 2025, beyond what was already reported. The detailed Annexure shows that across all 30 promoter/promoter group individuals and entities, the number of pledged shares stands at Nil.
This is a routine compliance filing and is neutral to mildly positive for shareholders — it confirms that the promoter group's significant ~69% stake remains fully unencumbered with no new pledges, reducing concerns about any forced selling risk from the promoter side.