Gallard Steel Limited
Minerva Ventures Fund sold 12,000 shares of Gallard Steel Limited, trimming its stake from 1.41% to 1.28%.
A manufacturer of engineered steel castings, Gallard Steel produces mild steel, ductile iron, and low alloy castings primarily for the automotive and industrial equipment sectors. Incorporated in 2015, the company operates vertically integrated production facilities and focuses on precision casting solutions for engine components, transmission parts, and structural applications. Its distinctive strength lies in specialized casting capabilities and technical expertise serving Original Equipment Manufacturers across India.
A Mauritius-based foreign portfolio investor and an active anchor investor in Indian SME public issues, where it has backed a steady run of listings. It also builds positions in listed small caps. The fund reports through more than one vehicle, including an Indus QRAC strategy, and both sit under the same administrator.