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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Awaiting price reaction for this filing.
Promoter Chandra Prakash Agrawal acquired 1,63,31,915 equity shares (6.77%) of Gallantt Ispat from Mayank Agrawal (immediate relative) by way of a gift in an off-market transaction on 22 December 2025. His individual holding rose from 29.198% to 35.967%. Separately, co-promoter Santosh Kumar Agrawal received 86,04,248 shares (3.57%) as a gift from Ashutosh Agrawal, taking his stake from 0.12% to 3.69%. The total promoter and promoter-group holding remains unchanged at 69.833%, confirming this is a private reshuffle within the Agrawal family to streamline family assets, with no change in overall control of the company.
Minimal market impact for non-promoter shareholders — the total promoter ownership stays flat at 69.83%, so there is no change in control, EPS dilution, or free-float. Ownership is merely being concentrated more directly in Chandra Prakash Agrawal within the promoter group.