Iron & Steel Products
Acquisitions2 April 2026 at 04:57 am

Gallantt Ispat Ltd: Prem Prakash Agrawal Transfers Shares to Gallantt Trust

AI Summary

Prem Prakash Agrawal has transferred 12,910,134 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, which grants exemption from complying with Regulation 3(1) and 4 of SEBI (SAST) Regulations, 2011. The transaction involves Prem Prakash Agrawal and 33 other persons acting in concert (PACs). The total equity shares of Gallantt Ispat Limited before the transaction were 24,12,80,945 Equity Shares of Rs. 10/- each, and after the transaction, the total diluted share/voting capital of the TC remains the same.

Key Highlights

  • Prem Prakash Agrawal transfers 12,910,134 equity shares to Gallantt Trust
  • Transaction in accordance with SEBI Order dated March 20, 2026
  • 33 other persons acting in concert (PACs) involved in the transaction
  • Total equity shares of Gallantt Ispat Limited before the transaction were 24,12,80,945 Equity Shares of Rs. 10/- each
  • Total diluted share/voting capital of the TC remains the same after the transaction