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 reported an internal family reorganisation among the Agrawal promoter group on December 30, 2025. Promoters Santosh Kumar Agrawal and Madhu Agrawal acquired a total of 1,06,35,943 equity shares (4.408% of equity capital) from Santosh Kumar Agrawal HUF (56,50,943 shares, 2.342%) and Priyanka Gupta (49,85,000 shares, 2.066%) via an off-market inter-se transfer. Post-transaction, Santosh Kumar Agrawal's holding rose from 4.663% to 7.005% and Madhu Agrawal's from 6.503% to 8.444%, while the HUF and Priyanka Gupta's holdings dropped to near zero. The rationale is a private family arrangement to streamline family assets, and the transfer is exempt from an open offer under Regulation 10(1)(a)(i) and 10(1)(a)(iv) of SEBI SAST Regulations. No price was disclosed as it is a private arrangement.
This is a purely internal reshuffle within the promoter family with no change in the overall promoter group shareholding, so there is no direct impact on the stock price or minority shareholders. It only rearranges ownership between individual family members and entities.