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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Promoter and Director Chandra Prakash Agrawal has transferred 50,00,000 equity shares (2.072% of paid-up capital) of Gallantt Ispat Ltd to CP Agrawal Daughters Trust, a promoter group entity, by way of a gift through an off-market transaction dated 17 March 2026. After the transfer, Chandra Prakash Agrawal's individual holding falls from 9,44,96,719 shares (39.165%) to 8,94,96,719 shares (37.093%), while CP Agrawal Daughters Trust moves from 0 shares to 50,00,000 shares (2.072%). The combined promoter and promoter group holding remains unchanged at 16,87,68,170 shares (69.947% of total equity capital), confirming this is purely an internal family restructuring rather than any change in promoter control or overall promoter stake in the company.
This is a non-event for shareholders — shares were merely shifted from one promoter entity (individual) to another (family trust) without any change in total promoter ownership or voting control. No impact on stock price is expected as no cash changed hands and no open-market activity occurred.