Agrawal family consolidates stake in Gallantt Ispat through off-market transfer

Chandra Prakash Agrawal, a promoter shareholder of Gallantt Ispat Limited, acquired 1,63,31,915 equity shares from Mayank Agrawal, an immediate relative and promoter group shareholder. This off-market gift transaction took place on December 22, 2025, and is described as a private arrangement to streamline family assets.

Prior to the acquisition, Chandra Prakash Agrawal held 7,04,48,608 shares (29.198% of total share capital). Following the acquisition, his holding increased to 8,67,80,523 shares, representing 35.967% of the total share capital. Mayank Agrawal's pre-transaction holding of 1,63,31,915 shares (6.769%) was fully transferred, reducing his stake to zero.

The total equity share capital of Gallantt Ispat Limited remains unchanged at 24,12,80,945 equity shares of Rs. 10 each. Disclosures were made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and SEBI (Prohibition of Insider Trading) Regulations, 2015.