Gallantt Ispat Limited 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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Gallantt Ispat disclosed an inter-se transfer of 1,03,35,943 equity shares (4.28% of diluted share capital) within the Agrawal promoter family on December 30, 2025. The shares were transferred by Santosh Kumar Agrawal HUF (2.342%) and Priyanka Gupta (1.942%) to Santosh Kumar Agrawal and Madhu Agrawal. As a result, Santosh Kumar Agrawal's stake rose from 4.663% to 7.005%, while Madhu Agrawal's holding increased from 6.503% to 8.444%. The transfer was carried out as an off-market private arrangement within the family to streamline assets. No price was disclosed as it qualifies as an exempt inter-se transfer under Regulation 10(1)(a)(i) and 10(1)(a)(iv) of SEBI (SAST) Regulations, meaning no open offer obligation was triggered.
This is a routine internal reshuffling of shares among promoter group members with no change in total promoter holding, so it has no material impact on minority shareholders or the stock price. The exemption from making an open offer confirms the transfer does not alter overall promoter control of the company.