`The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gallantt Industry Pvt Ltd & PACs
GALLANTT · price
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Awaiting price reaction for this filing.
Gallantt Industry Private Limited, part of the Promoter Group of Gallantt Ispat Ltd, acquired 17,154 equity shares through open market purchase on 02.03.2026. The acquisition increased the entity's individual holding from 0.989% (23,87,369 shares) to 0.996% (24,04,523 shares) of the total equity capital. The total Promoter and PAC group holding rose marginally from 69.921% to 69.928% post-transaction. The filing covers both Regulation 29(2) of SEBI (SAST) Regulations, 2011 and Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The equity share capital of the company remains unchanged at 24,12,80,945 shares of Rs. 10 each.
This is a small, routine open market purchase by the promoter group, signalling continued promoter confidence. However, the negligible 0.007% increase is unlikely to have any meaningful impact on the stock price or shareholder structure.