The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prem Prakash Agrawal & PACs
GALLANTT · price
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Awaiting price reaction for this filing.
Prem Prakash Agrawal, a promoter and director of Gallantt Ispat Ltd, acquired 55,75,467 equity shares (2.311% of paid-up capital) from Prem Prakash Agrawal HUF on 29 December 2025 via an off-market inter-se transfer. As a result, his individual holding rose from 73,34,667 shares (3.040%) to 1,29,10,134 shares (5.351%), while the HUF's holding went to zero. The total promoter and promoter group shareholding remains unchanged at 16,84,92,676 shares (69.833% of the equity capital of 24,12,80,945 shares). The disclosure states the transfer is a private arrangement within the Agrawal family to streamline family assets and is filed under SEBI SAST Reg 29(2) and Insider Trading Reg 7(2).
No material impact on overall promoter ownership — this is purely a reshuffle within the promoter family/group, so the company's control and total promoter stake remain the same at ~69.83%. Shareholders should view this as a housekeeping event with no change in promoter control or voting power.