Gallantt Trust Acquires Majority Shares of Gallantt Ispat Ltd from Chandra Prakash Agrawal

Key Highlights

• Gallantt Trust, a part of the Promoter Group, acquires 60.051% shares of Gallantt Ispat Ltd from Chandra Prakash Agrawal.
• The acquisition includes 14,48,90,556 equity shares, which is 60.051% of the total equity shares of the company.
• The transaction was made through an OFF-MARKET transaction.
• The acquisition was made without a public announcement of an open offer, as per the SEBI Order dated March 20, 2026.
• The SEBI Exemption Order was granted to the Trust for exemption from complying with Regulation 3(1) and 4 of SEBI (SAST) Regulations, 2011.