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 Limited informed the exchanges about an inter-se transfer of 55,75,467 equity shares (2.311% of equity capital) within the Agrawal promoter family on December 29, 2025. The shares were transferred from Prem Prakash Agrawal HUF to Prem Prakash Agrawal (individual promoter). Post-transaction, Prem Prakash Agrawal's holding increased from 3.040% (73,34,667 shares) to 5.351% (1,29,10,134 shares), while Prem Prakash Agrawal HUF's holding became zero. The transfer was an off-market, private arrangement aimed at streamlining the family's assets, with no price disclosed as it is an inter-se family transfer exempt from open offer requirements under Regulation 10(1)(a)(i) and 10(1)(a)(iv).
This is a reshuffling of shares within the promoter group and does not change the overall promoter holding in the company. No material impact on the stock price is expected as there is no change in promoter group's total stake or any fresh external acquisition.