Gallantt Ispat: Promoter Group Inter-se Share Transfer of 80 Lakh Shares

Gallantt Ispat Limited has received an intimation regarding an inter-se transfer of 80,00,000 equity shares (3.316% of total share capital) among its Promoter and Promoter Group. Mr. Santosh Kumar Agrawal will acquire these shares from Mr. Dinesh R. Agarwal through an off-market/on-market transaction. This transfer is exempt from open offer requirements under Regulation 10(1)(a)(ii) of SEBI SAST Regulations, 2011, as it is an internal rearrangement within the promoter group to streamline shareholding. The overall shareholding of the Promoter and Promoter Group remains unchanged.