Gallantt Ispat Limited disclosed an intra-promoter group share transfer where CP Agrawal Daughters Trust acquired 50,00,000 equity shares (2.072% stake) from Chandra Prakash Agrawal via off-market gift transaction on 17.03.2026. The transaction redistributed holdings within the 35-member promoter group while maintaining total group shareholding at 69.947%, with regulatory disclosures filed under SEBI SAST and PIT regulations.

Gallantt Ispat: CP Agrawal Daughters Trust Acquires 2.07% Stake via Gift Transfer

Gallantt Ispat Limited has disclosed a significant intra-promoter group share transfer involving the acquisition of 50,00,000 equity shares by CP Agrawal Daughters Trust from promoter Chandra Prakash Agrawal. The transaction was executed as an off-market gift transfer on 17.03.2026, representing 2.072% of the company's total share capital.

Transaction Overview

The share transfer was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The transaction involved the transfer of shares from an individual promoter to a trust entity within the same promoter group.

Transaction Parameter: Details Shares Transferred: 50,00,000 Transaction Mode: Off-Market / Gift Transaction Date: 17.03.2026 Percentage of Total Capital: 2.072% Transferor: Chandra Prakash Agrawal Transferee: CP Agrawal Daughters Trust

Shareholding Pattern Changes

The transaction resulted in a redistribution of shares within the promoter group while maintaining the overall promoter group shareholding at 69.947%. Chandra Prakash Agrawal's individual holding decreased from 39.165% to 37.093%, while CP Agrawal Daughters Trust's holding increased from zero to 2.072%.

Shareholder: Before Transaction (%) After Transaction (%) Change (%) CP Agrawal Daughters Trust: 0.000 2.072 +2.072 Chandra Prakash Agrawal: 39.165 37.093 -2.072 Total Promoter Group: 69.947 69.947 No Change

Promoter Group Structure

The promoter group comprises 35 entities including individuals, Hindu Undivided Families (HUFs), and corporate entities. Key stakeholders include members of the Agrawal and Jalan families, along with corporate entities such as Gallantt Industry Private Limited holding 1.015% and Gallantt Fincare Private Limited. The extensive promoter group structure reflects a well-diversified ownership pattern within the controlling group.

Regulatory Compliance

The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited on 18.03.2026, one day after the transaction date. The company's equity share capital remains unchanged at 24,12,80,945 equity shares of Rs. 10 each. The transaction strengthens the trust-based holding structure within the promoter group while ensuring compliance with all applicable SEBI regulations.

Market Listings

Gallantt Ispat Limited's shares continue to be listed on both BSE Limited and National Stock Exchange of India Limited. The company maintains its capital structure with no changes to the total number of outstanding equity shares following this intra-group transfer.

Gallantt Ispat Limited has received another regulatory disclosure from Gallantt Industry Private Limited regarding its continued equity share acquisition strategy through open market purchases. The promoter group entity has executed multiple strategic transactions to progressively increase its stake in the steel company.

Latest Transaction Details

The most recent acquisition involved the purchase of 6,600 equity shares through open market transactions on March 9, 2026. This follows previous acquisitions including 10,185 equity shares on March 6, 2026, and 28,275 equity shares completed on March 4-5, 2026, demonstrating sustained investment by the promoter group.

Transaction Parameter: Latest Acquisition Previous Acquisition Earlier Acquisition Acquiring Entity: Gallantt Industry Private Limited Gallantt Industry Private Limited Gallantt Industry Private Limited Shares Acquired: 6,600 equity shares 10,185 equity shares 28,275 equity shares Acquisition Method: Open market purchase Open market purchase Open market purchase Transaction Date: March 9, 2026 March 6, 2026 March 4-5, 2026 Percentage Acquired: 0.003% 0.004% 0.012%

Progressive Shareholding Changes

The consecutive acquisitions have resulted in incremental increases in the promoter group's collective holding. The latest transaction has brought Gallantt Industry Private Limited's individual holding to 24,49,583 shares, representing 1.015% of the total equity capital.

Shareholding Status: Before Latest Transaction After Latest Transaction Change Gallantt Industry Pvt Ltd: 24,42,983 shares (1.012%) 24,49,583 shares (1.015%) +6,600 shares Total Promoter Group: 16,87,61,570 shares (69.944%) 16,87,68,170 shares (69.947%) +0.003%

Promoter Group Structure

Gallantt Industry Private Limited operates as part of an extensive promoter group comprising 33 other persons acting in concert. The group includes prominent individual promoters such as Chandra Prakash Agrawal, who holds the largest individual stake at 36.919% of the total share capital, along with various family members and related entities from the Agrawal family.

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The filing was signed by Smriti Agrawal, Director of Gallantt Industry Private Limited, with DIN: 10040203.

Company Information

Gallantt Ispat Limited maintains its equity shares listed on both BSE Limited and National Stock Exchange of India Limited. The company's total equity share capital remains unchanged at 24,12,80,945 equity shares of Rs. 10 each following these transactions. The promoter group's progressive acquisitions reinforce their commitment to maintaining substantial control over the company's strategic direction and operations.

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