The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chandra Prakash Agrawal & PACs
GALLANTT · price
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Promoter and Director Chandra Prakash Agrawal acquired 22,97,500 equity shares (0.952%) of Gallantt Ispat from Pallavi Agrawal (immediate relative and promoter group member) on December 23, 2025, via an off-market inter-se transfer. His individual holding rose from 35.967% to 36.919% of the company. In a parallel inter-se transfer, Santosh Kumar Agrawal acquired 23,49,775 shares (0.974%) from Smriti Agrawal, lifting his holding from 3.689% to 4.663%. The company clarified this is a private family arrangement to streamline the Agrawal family's assets, with no change in total promoter group holding, which remains at 69.833%.
This is an internal reshuffle within the promoter family and does not change the overall promoter shareholding or the company's free float. The transfer consolidates shares with the two key male promoter directors, signalling continued family control but no real change in ownership for outside shareholders.