The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prem Prakash Agrawal & PACs

Prem Prakash Agrawal, a director and promoter of Gallantt Ispat Limited, transferred 1,29,10,134 equity shares (5.351% of total capital of 24,12,80,945 shares) to Gallantt Trust via an off-market transaction on March 30, 2026. This transfer was executed under an exemption granted by SEBI (Order dated March 20, 2026) from Regulations 3(1) and 4 of the SAST Regulations, 2011. The broader transaction involved multiple promoters (Chandra Prakash Agrawal, Santosh Kumar Agrawal, Madhu Agrawal, Shyama Agrawal, Uma Agrawal) transferring a total of 14,48,90,556 shares (60.051%) to Gallantt Trust. Post-transaction, Gallantt Trust holds 60.051%, while the aggregate promoter group holding remains at 70.031% with no change in public shareholding. SEBI ruled this an internal family reorganization with no effective change of control.