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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Chandra Prakash Agrawal, Director and Promoter of Gallantt Ispat Ltd, acquired 54,18,696 equity shares (2.245% of total share capital) from Chandra Prakash Agrawal HUF (another promoter group entity) via an off-market inter-se transfer on 12 February 2026. The transfer is described as a private arrangement within the Agrawal family to streamline family assets. As a result, Mr. Agrawal's individual holding rose from 36.919% (8,90,78,023 shares) to 39.165% (9,44,96,719 shares), while the HUF's holding dropped from 2.245% to 0. The aggregate promoter and promoter group holding remains unchanged at 69.870% of the company.
This is a reshuffling of shares within the promoter family with no impact on total promoter ownership or company fundamentals. Minority shareholders are unaffected since the overall promoter stake stays at 69.870%, and no shares changed hands with the public.