Chandra Prakash Agrawal has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
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Chandra Prakash Agrawal, a promoter of Gallantt Ispat Limited, has filed a disclosure with the stock exchange under Regulation 10(6) of SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011. This is a report informing the exchange about an acquisition of shares made in reliance on an exemption provided under Regulation 10. Regulation 10 typically covers acquisitions that are exempt from the open offer requirement, such as inter-se transfers among promoters, gifts, inheritance, or acquisitions pursuant to a court-approved scheme. The specific details of the transaction, including the number of shares acquired, the price, and the exact exemption relied upon, are not disclosed in the headline.
This is a routine regulatory disclosure and indicates a change in shareholding within the promoter group or through a permitted exempt category. Shareholders should review the detailed filing for specifics on the transaction size and exemption type, as it does not trigger a mandatory open offer to public shareholders.