The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prem Prakash Agrawal HUF & PACs
GALLANTT · price
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Gallantt Ispat Ltd disclosed an inter-se promoter group transfer dated 29 December 2025, where Prem Prakash Agrawal HUF sold 55,75,467 shares (2.311% of paid-up capital) to Prem Prakash Agrawal (Karta of the HUF) in an off-market transaction. Prem Prakash Agrawal's 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 disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations and Regulation 7(2) of SEBI (PIT) Regulations, with the company stating the move is a private family arrangement to streamline promoter family assets. Total promoter and promoter group holding remains unchanged at 16,84,92,676 shares (69.833%), so there is no net change in the overall promoter stake in the company.
This is purely an internal reshuffle within the promoter family and does not change the aggregate promoter holding of 69.833%, so it is unlikely to have any material impact on the stock price. Retail investors should note that voting control and economic interest remain within the same promoter family, with Mr. Prem Prakash Agrawal consolidating shares in his individual name.