The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chandra Prakash Agrawal & PACs
GALLANTT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts less than Nifty Smallcap 250 and 2.2 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Chandra Prakash Agrawal, Director and Promoter of Gallantt Ispat Ltd, transferred 8.95 crore shares (37.093% stake) to Gallantt Trust via off-market transaction on March 30, 2026. SEBI had granted exemption from open offer requirements under Regulations 3(1) and 4 of SAST Regulations, 2011, recognizing this as an internal family reorganization for succession planning. Multiple promoter family members collectively transferred 14.49 crore shares (60.051% stake) to the Gallantt Trust, a private family trust with trustees and beneficiaries being family members. Post-transaction, promoter holding via the trust stands at 60.051% while public shareholding remains unchanged at 30.093%. Total equity capital of Rs 241.28 crore unchanged.
This is an internal restructuring within the promoter family and does not change effective control or public shareholding. The trust consolidation may provide better succession planning and wealth management for the promoter family while maintaining minimum public shareholding requirements. No direct impact on minority shareholders or stock price expected.