The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Santosh Kumar Agrawal & PACs
GALLANTT · price
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Santosh Kumar Agrawal, a promoter group shareholder of Gallantt Ispat, acquired 56,50,943 equity shares (2.34% of total capital) from Santosh Kumar Agrawal HUF on December 30, 2025, via an off-market inter-se transfer. His personal holding rose from 4.66% to 7.01%. Separately, Madhu Agrawal acquired 46,85,000 shares (1.94%) from Priyanka Gupta, raising her stake from 6.50% to 8.44%. The seller entities—Santosh Kumar Agrawal HUF (fully exited at 2.34% sold) and Priyanka Gupta (dropped from 2.07% to 0.12%)—are also part of the promoter/promoter group. The filings were made under Regulation 29(2) of SEBI (SAST) Regulations and Regulation 7(2) of SEBI (PIT) Regulations.
This is a purely internal reshuffling within the Agrawal family to streamline family assets. Total promoter and promoter group holding remains unchanged at 69.83%, so there is no change in control or voting power. Investors should view this as a routine family-level reorganisation with no material impact on the stock price or minority shareholders.