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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On the reaction day the stock moved 2.5 pts less than Nifty Smallcap 250 and 0.9 pts less 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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Gallantt Industry Private Limited, part of the promoter group of Gallantt Ispat Ltd, bought 10,000 equity shares of the company through an open market purchase on 23 March 2026. This increased its individual holding from 25,65,475 shares (1.063%) to 25,75,475 shares (1.067%), a marginal rise of 0.004%. Along with 34 other persons acting in concert (PACs), the total promoter group holding stood at around 16.88 crore shares (~70%) both before and after the transaction, led by Chandra Prakash Agrawal who alone holds about 37.09%. The disclosure has been filed under SEBI's SAST (Regulation 29(2)) and Insider Trading (Regulation 7(2)) rules.
This is a very small promoter purchase (only 10,000 shares, 0.004% of equity) and unlikely to move the stock price meaningfully. However, it reflects continued promoter confidence and a slight consolidation of promoter holding to nearly 70%.