Gallantt Ispat Limited has submitted to the Exchange a copy of Revised 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 submitted a revised disclosure under Regulation 10(6) of SEBI (SAST) Regulations regarding an inter-se transfer of 55,75,467 equity shares (2.377% of equity capital) within the promoter family. Prem Prakash Agrawal HUF transferred these shares off-market to Prem Prakash Agrawal (individual promoter) on December 29, 2025, as a private arrangement to streamline the Agrawal family's assets. The transfer is exempt from the open offer requirement under Regulation 10(1)(a)(i) and 10(1)(a)(iv). Post-transaction, Prem Prakash Agrawal's holding rose from 3.040% to about 5.351%, while Prem Prakash Agrawal HUF's stake went to nil. The total promoter group holding remains unchanged as this is a reshuffle within the family.
No material impact on shareholders or stock price — this is a routine internal reshuffling of promoter holdings within the Agrawal family and does not change the overall promoter group's stake in the company.