The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Uma Agrawal & PACs
GALLANTT · price
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Uma Agrawal, a promoter group shareholder, transferred 645,615 equity shares (0.268%) to Gallantt Trust through an off-market transaction on March 31, 2026. This transfer was part of a larger internal family reorganization where multiple promoter group members collectively transferred 14,48,90,556 shares (60.051%) to Gallantt Trust. SEBI granted exemption from open offer requirements via order dated March 20, 2026, as this was a non-commercial internal reorganization for succession planning and family welfare. Post-transaction, Uma Agrawal's holding reduced from 0.350% to 0.083%. Gallantt Trust now holds 60.051% of the company. Public shareholding remains unchanged at 30.093%.
No change in control or public shareholding - this is an internal restructuring within the promoter family. The promoter group holding stays at ~70%, so there is no negative impact on minority shareholders. The stock is unlikely to see any significant price movement from this filing.