The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for CP Agrawal Daughters Trust & PACs
GALLANTT · price
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On the reaction day the stock moved 2.0 pts more than Nifty Smallcap 250 and 1.7 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CP Agrawal Daughters Trust, a promoter group entity, acquired 50,00,000 equity shares (2.072% of the company) of Gallantt Ispat from promoter Chandra Prakash Agrawal via an off-market gift transaction dated 17 March 2026. As a result, the trust's holding rose from 0% to 2.072%, while Chandra Prakash Agrawal's personal stake dropped from 39.165% (9.45 crore shares) to 37.093% (8.95 crore shares). The total promoter group holding remains unchanged at 16,87,68,170 shares (69.947% of the company), confirming this is purely an internal family restructuring and not a change in overall promoter control. The company also filed accompanying insider trading disclosures under PIT Regulations 7(1)(b) and 7(2).
No material impact on minority shareholders — the overall promoter stake is unchanged, total equity capital is unchanged, and no market shares changed hands. This is a wealth reshuffle within the founding family and should not affect the stock price or the company's free float.