Iron & Steel Products
Acquisitions2 April 2026 at 05:01 am

Madhu Agrawal Transfers Shares Worth 8.44% of Gallantt Ispat Limited to Gallantt Trust

AI Summary

Madhu Agrawal has transferred 20,174,917 equity shares of Gallantt Ispat Limited to Gallantt Trust through an off-market transaction. This transfer is in accordance with the SEBI Order dated March 20, 2026, granting exemption from complying with Regulation 3(1) and 4 of SEBI (SAST) Regulations, 2011. The transaction took place on March 31, 2026, and the total equity shares of Gallantt Ispat Limited stand at 24,12,80,945 post the transaction.

Key Highlights

  • Madhu Agrawal transfers 20,174,917 equity shares to Gallantt Trust
  • Transfer done through off-market transaction
  • Transaction in accordance with SEBI Order dated March 20, 2026
  • Gallantt Ispat Limited's total equity shares stand at 24,12,80,945 post the transaction
  • SEBI (SAST) Regulations, 2011, and SEBI (PIT) Regulations, 2015, disclosures made