sebi:WTM/KCV/CFD/25/2025-26
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Facts / Headnote
Exemption granted; Application disposed of
Provisions invoked
- s. 11
- s. 19
Regulations
- Reg. 4
- Reg. 11
- Reg. 3
- Reg. 201
- Reg. 31
Holding
SEBI granted Gallantt Trust exemption from Regulation 3(1) and Regulation 4 open-offer requirements for the proposed direct acquisition of 14,48,90,556 shares (60.051%) of Gallantt Ispat Limited from promoter transferors. The Application dated January 10, 2026 was accordingly disposed of.
Full text
__________________________________________________________________________________________ Exemption Order in the matter of Gallantt Ispat Limited. Page 2 of 14 Details of the proposed acquisition:
__________________________________________________________________________________________ Exemption Order in the matter of Gallantt Ispat Limited. Page 3 of 14 18 Santosh Kumar Agrawal 1,69,02,501 7.005 19 Shruti Kandoi 17,056 0.007 20 Shyama Agrawal 51,60,670 2.139 21 Smriti Agrawal 2,00,000 0.083 22 Sumesh Kumar Agarwal 1,00,000 0.041 23 Uma Agrawal 8,45,615 0.350 24 Mayank Agrawal - - 25 Ashutosh Agrawal - - 26 Prem Prakash Agrawal HUF - - 27 Santosh Kumar Agrawal HUF - - 28 Naresh Chandra Agarwal - - 29 Ashu Goel - - 30 Sharda Devi Jalan - - 31 Subodh Kumar Jalan HUF - - 32 Karuna Jindal
__________________________________________________________________________________________ Exemption Order in the matter of Gallantt Ispat Limited. Page 4 of 14 discretionary, private trust. The details of the Settlors, Trustees and Beneficiaries of the Acquirer Trust are tabulated below:
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Source: SecMarx — sebi:WTM/KCV/CFD/25/2025-26. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.