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.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.