The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Madhu Agrawal & PACs
GALLANTT · price
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Awaiting price reaction for this filing.
Madhu Agrawal, a promoter group shareholder of Gallantt Ispat, acquired 46,85,000 equity shares (1.942% stake) from Priyanka Gupta via an off-market inter-se transfer on 30 December 2025. Separately, Santosh Kumar Agrawal acquired 56,50,943 shares (2.342%) from Santosh Kumar Agrawal HUF. Madhu Agrawal's personal holding rose from 6.503% to 8.444%, while Santosh Kumar Agrawal's holding went from 4.663% to 7.005%. The combined promoter and promoter group holding remains unchanged at 69.833% of the company, confirming this is purely a family-level reshuffle to streamline assets within the Agrawal family.
No material impact for outside shareholders since the total promoter group stake stays at 69.833% — it is just shares moving between family members. There is no change in controlling interest or open-market buying/selling pressure.