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, purchased 28,275 equity shares (0.012% of paid-up capital) through open market transactions on March 4 and March 5, 2026. After this acquisition, Gallantt Industry Pvt Ltd's individual holding rose from 0.996% to 1.008% of the company's equity. The total promoter and PAC group holding in the company stands at 69.94% post-acquisition, up marginally from 69.928% earlier. The disclosure is filed under SEBI SAST Regulation 29(2) and Insider Trading Regulation 7(2). The total equity share capital of the company remains unchanged at 24,12,80,945 shares of Rs. 10 each.
This is a small open market purchase by a promoter-group entity, signaling continued promoter confidence in the company. However, the size of the acquisition is negligible (just 0.012% of capital) and is unlikely to have any meaningful impact on the stock price. The promoter group continues to hold a dominant ~70% stake.