Agrawal family to transfer Gallantt Ispat shares in asset streamlining

Chandra Prakash Agrawal and other acquirers propose to acquire 51,213,544 equity shares of INR 10 each in Gallantt Ispat Limited, representing 21.226% of the company's share capital. This acquisition, an off-market inter-se transfer via gift deed, involves no consideration.

The transferors include Mayank Agrawal, Ashutosh Agrawal, Smriti Agrawal, Pallavi Agrawal, Santosh Kumar Agrawal HUF, Chandra Prakash Agrawal HUF, Prem Prakash Agrawal HUF, and Priyanka Gupta. The transaction is expected after December 12, 2025.

Before the proposed transaction, Chandra Prakash Agrawal held 29.198% of the total share capital, which will increase to 39.165% after the transfer. Total holdings of the acquirers and PACs (excluding sellers) will rise from 18.342% to 29.601%. This share transfer is exempted under SEBI regulations.

The equity shares of Gallantt Ispat Limited are frequently traded, with the volume-weighted average market price over the past 60 trading days on NSE recorded as INR 624.13. This transfer is strictly a private arrangement within the Agrawal family to rationalize their asset holdings.