The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 28, 2025 for Dinesh R Agarwal
GALLANTT · price
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Awaiting price reaction for this filing.
Gallantt Ispat Ltd informed the stock exchanges about a disclosure filed by promoter Dinesh R Agarwal under SEBI SAST Regulations regarding the release of pledged equity shares on March 24, 2025. The release involves 210,000 shares (0.087% of share capital) and another tranche of 300,000 shares (0.124%), bringing his pledged holdings to nil post-release. The disclosure also lists the shareholding pattern of the broader promoter and promoter group entities, with Prakash Agrawal holding the largest stake at 70,448,608 shares (21.20%). Chandra Prakash Agrawal holds 14,012,196 shares (5.08%), while Dinesh R Agarwal holds 8,604,248 shares (3.57%).
This is a positive signal for the stock — the release of pledged shares reduces the promoter's financial leverage and risk of forced selling, improving confidence in the promoter group's financial health.