Gallantt Ispat Limited has informed the Exchange about General Updates - Disclosure regarding inter-se transfer of shares among Promoter & Promoter Group shareholders.
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Gallantt Ispat Limited disclosed off-market inter-se transfers of equity shares within the promoter (Agrawal) family on December 29-30, 2025. A total of approximately 1.59 crore shares were transferred across three transactions: Prem Prakash Agrawal HUF transferred 55,75,467 shares to Prem Prakash Agrawal (2.377%), Santosh Kumar Agrawal HUF transferred 56,50,943 shares to Santosh Kumar Agrawal (2.342%), and Priyanka Gupta transferred 46,85,000 shares to Madhu Agrawal (1.942%). The transfers were made under Regulation 10(1)(a)(i) and 10(1)(a)(iv) of SEBI SAST Regulations, which exempts intra-promoter-group transfers from open offer requirements. The stated rationale is a private arrangement within the Agrawal family to streamline family assets, and the aggregate promoter and promoter group shareholding remains unchanged before and after the transfers.
This is an internal reshuffling of promoter holdings within the same family and does not change total promoter ownership in the company. There is no impact on minority shareholders or the stock price as no new promoter stake was acquired from the open market.