Gallantt Ispat Ltd. Transfers Shares to Gallantt Trust
Gallantt Ispat Ltd. announced that Madhu Agrawal, a promoter group shareholder, has transferred 20,174,917 equity shares to Gallantt Trust through an off-market transaction. The transfer occurred on March 31, 2026.This transfer was made following a March 20, 2026, order from the Securities and Exchange Board of India (SEBI) granting an exemption from certain regulations. The transaction results in Madhu Agrawal’s holding decreasing from 20,374,917 shares (8.444%) to 200,000 shares (0.083%). Simultaneously, Gallantt Trust’s holding increased to 14,48,90,556 shares (60.051%).
The transfer is part of an internal reorganization within the promoter family and does not involve a change in control of the company. The total diluted share/voting capital of the company remains at 24,12,80,945 Equity Shares of Rs. 10/- each.
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