In compliance with Regulation 30 & 31A of SEBI (LODR), Regulation 2015, we regret to inform you that the Company was intimated today dated 23rd February 2026, about the sad demise of Mr. ....
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Garnet Construction Ltd has informed the stock exchanges about the sudden demise of Mr. Kishankumar Jugalkishore Kedia (DIN: 00205146) on 22nd February 2026. He held three critical roles simultaneously — Promoter, Managing Director, and CFO of the company. He held 40,82,909 equity shares, representing 29.37% of the promoter group holding. He had been serving as Managing Director since 30th September 2021. As per Regulation 31A(6)(c) of SEBI LODR, he will cease to be classified as a promoter. He is the father of directors Arun Kedia and Sanjay Kedia, indicating the promoter family has remaining board representation.
This is a material negative event — the company has lost its MD and CFO in a single stroke, creating immediate leadership and governance gaps that will require urgent filling. The promoter group shareholding and board composition will change, and investor sentiment may be pressured in the short term until succession plans are announced.