The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shyama Agrawal & PACs
GALLANTT · price
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Shyama Agrawal, a promoter group shareholder, transferred 47,60,670 equity shares (1.973%) to Gallantt Trust through an off-market transaction on March 31, 2026. The transfer was made pursuant to a SEBI exemption order dated March 20, 2026, which granted Gallantt Trust relief from open offer requirements under Regulations 3(1) and 4 of SAST Regulations. Gallantt Trust acquired a total of 14,48,90,556 shares (60.051%) from multiple promoter family members including Chandra Prakash Agrawal, Santosh Kumar Agrawal, Prem Prakash Agrawal, Madhu Agrawal, Shyama Agrawal, and Uma Agrawal. This is a family restructuring exercise to streamline succession and welfare of promoter family members. Post-transaction, Shyama Agrawal retains 4,00,000 shares (0.166%). Public shareholding remains unchanged at 30.093%.
This is an internal promoter family restructuring with no change in effective control or public shareholding. The transaction is exempt from open offer requirements as it meets SEBI's family arrangement criteria. No direct impact on stock price expected as ownership remains within the promoter group.