The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gallantt Industry Pvt Ltd & PACs
GALLANTT · price
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Gallantt Industry Private Limited, part of the promoter group of Gallantt Ispat Ltd, acquired 15,537 equity shares through an open market purchase on 19 March 2026. This bumped the acquirer's holding from 25,25,583 shares (1.046%) to 25,41,120 shares (1.053%) of the company. The disclosure was filed under SEBI's SAST and Insider Trading regulations. Together with the 35 listed Persons Acting in Concert (PACs), the total promoter group holding stands at roughly 69.985% post-acquisition, up marginally from 69.978%.
This is a small, confidence-signalling buy by a promoter group entity, indicating continued promoter faith in the company. The negligible size means no material impact on share price or control structure, but it reinforces that the promoter group is consolidating its already dominant ~70% stake.