The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chandra Prakash Agrawal HUF & PACs
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On 12 February 2026, Gallantt Ispat received a disclosure under SEBI SAST Regulation 29(2) regarding an internal family transfer. Chandra Prakash Agrawal HUF sold 54,18,696 equity shares (2.245% of total share capital) to Mr. Chandra Prakash Agrawal, one of the company's promoters. The transaction was carried out off-market as an inter-se transfer purely to streamline the Agrawal family's holdings. As a result, Mr. Chandra Prakash Agrawal's personal stake rose from 8,90,78,023 shares (36.919%) to 9,44,96,719 shares (39.165%), while the HUF's holding went to zero. The total promoter and promoter group holding remained unchanged at 69.870% (16,85,83,261 shares).
This is a routine reshuffle within the promoter family and does not change overall promoter ownership or voting control in the company. Retail investors should see no material impact on the stock, as no shares changed hands outside the promoter group.