The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 22, 2025 for Sarika Gaggar
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Sarika Gaggar, a member of the promoter group of Garnet International Ltd, has created a pledge on 2,70,000 equity shares (1.38% of total share capital) in favour of Globe Capital Limited on November 21, 2025. The shares have been pledged as margin with the share broker, Globe Capital Market Ltd. Prior to this event, Sarika Gaggar had no encumbered shares, and her total promoter holding in the company stands at 2,70,000 shares (1.38%). The disclosure has been made under Regulation 31(1) and 31(2) of SEBI's SAST Regulations, 2011.
The pledge is relatively small at 1.38% of share capital and was created for margin purposes with a broker rather than for raising debt, so the immediate impact on shareholders is limited. However, investors should monitor if further encumbrances are created, as a build-up of pledged promoter shares can be a risk indicator.