Promoter Sanjaykumar Kedia acquires 29.37% stake via inter-se transmission

Promoter Stake BuyPromoter Below 50pctOwnership Changes View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close

-2.7%1-day move

₹69.87

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-2.7-1.3-0.6———————

Up moveDown movePending

AI summary

Promoter Sanjaykumar Kedia acquired 40,82,909 shares (29.37%) of Garnet Construction from Kishan Kedia through an inter-se transfer (transmission) at nil cost on 3 June 2026. His stake rose from 15.97% to 45.34% of paid-up capital. No open offer triggered as exemption applies under SEBI SAST Regulation 10(6) for inter-se promoter transfers.

Likely market impact

No cash transaction. Promoter holding rises to 45.34%, below 50%. No takeover trigger. Minimal direct impact on minority shareholders.