Santosh Kumar Agrawal has transferred 16902501 equity shares (7.005% stake) of Gallantt Ispat Limited to Gallantt Trust through an off-market transaction on March 30, 2026. The transfer was executed under SEBI exemption order dated March 20, 2026, facilitating internal promoter family reorganization for succession planning. This transaction represents a significant restructuring within the promoter group while maintaining overall control structure and public shareholding compliance.

Gallantt Ispat Limited: Major Share Transfer of 1.69 Crore Equity Shares from Promoter to Trust

Gallantt Ispat Limited has witnessed a significant internal shareholding restructuring with the transfer of 16902501 equity shares from promoter Santosh Kumar Agrawal to Gallantt Trust, a promoter group entity. The off-market transaction, completed on March 30, 2026, represents 7.005% of the company's total share capital and was executed under a special SEBI exemption order.

Transaction Details

The share transfer was conducted pursuant to SEBI's exemption order dated March 20, 2026, which provided relief from complying with regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This exemption allowed the internal reorganization to proceed without triggering mandatory open offer requirements.

Parameter: Details Transferor: Santosh Kumar Agrawal Transferee: Gallantt Trust (Promoter Group) Shares Transferred: 16902501 equity shares Percentage: 7.005% of total share capital Transaction Mode: Off-market Transaction Date: March 30, 2026

Shareholding Impact

The transaction resulted in a complete transfer of Santosh Kumar Agrawal's individual holding to the trust structure. Before the transaction, Agrawal held 16902501 shares representing 7.005% of the company's equity. Post-transaction, his individual holding reduced to zero, while Gallantt Trust acquired the entire stake.

Holding Status: Before Transaction After Transaction Santosh Kumar Agrawal: 16902501 shares (7.005%) 0 shares (0.000%) Gallantt Trust: 0 shares (0.000%) 14,48,90,556 shares (60.051%)

SEBI Exemption Framework

The Securities and Exchange Board of India granted the exemption recognizing this as an internal family reorganization. The Gallantt Trust, established under the Indian Trusts Act, 1882, serves as a vehicle for succession planning and family welfare within the promoter group. The trust's beneficiaries include family members and their lineal descendants, ensuring continuity of promoter control.

Key conditions of the SEBI exemption include compliance with Companies Act provisions, filing of post-acquisition reports within 21 days, and annual compliance certifications. The trust must also ensure that beneficial ownership remains within the promoter family structure without any external transfer of control.

Company Structure

Gallantt Ispat Limited maintains its total equity share capital of ₹241.28 crore, divided into 24,12,80,945 equity shares of ₹10 each. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited. The internal reorganization does not alter the public shareholding percentage or the company's compliance with minimum public shareholding requirements.

Regulatory Compliance

The transaction adheres to all disclosure requirements under SEBI regulations, with proper notifications submitted to both stock exchanges. The company has filed comprehensive disclosures under Regulation 29(2) of SEBI SAST Regulations and Regulation 7(2) of SEBI Prohibition of Insider Trading Regulations, ensuring full transparency for market participants and regulatory authorities.

Gallantt Industry Private Limited , forming part of the promoter group of Gallantt Ispat Limited, has acquired 76,500 equity shares through open market purchase. The acquisition was disclosed on 01.04.2026 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.

Transaction Details

The share acquisition was completed on 30.03.2026 through open market purchase. The transaction involved 76,500 equity shares, representing 0.032% of the total share capital of Gallantt Ispat Limited.

Transaction Parameter: Details Acquisition Date: 30.03.2026 Number of Shares: 76,500 Mode of Acquisition: Open market Share Value: Rs. 10 per share Percentage Acquired: 0.032%

Shareholding Pattern Changes

The acquisition resulted in changes to the overall promoter group shareholding in Gallantt Ispat Limited. The combined holding of the acquirer and persons acting in concert increased following this transaction.

Shareholding Status: Before Transaction After Transaction Change Gallantt Industry Pvt Ltd: 25,75,475 shares (1.067%) 26,51,975 shares (1.099%) +76,500 shares Total Promoter Group: 16,88,94,062 shares (69.999%) 16,89,70,562 shares (70.031%) +0.032%

Company Information

Gallantt Ispat Limited has an equity share capital of 24,12,80,945 equity shares of Rs. 10 each. The company's shares are listed on BSE Limited and National Stock Exchange of India Limited. The promoter group includes 35 entities and individuals acting in concert, with Chandra Prakash Agrawal holding the largest individual stake at 37.093%.

Regulatory Compliance

The disclosure was made by Smriti Agrawal, Director of Gallantt Industry Private Limited (DIN: 10040203), in compliance with SEBI regulations. The company is incorporated with CIN: U26990UP2020PTC137202 and has its registered office at GIDA, Sahjanwa, Gorakhpur, Uttar Pradesh.

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