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 Suresh Gaggar
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Suresh Gaggar, part of the promoter group (Gaggar Group) of Garnet International Ltd, has released a pledge on 50,073 equity shares that were previously pledged with Globe Capital Limited. The release was effective November 17, 2025, and disclosed to the exchange on November 22, 2025. Post-release, Suresh Gaggar's total holding remains unchanged at 25,87,380 shares (13.04% of share capital), but his encumbered shares have gone from 50,073 (0.26%) to zero. Total promoter group holding stands at 25,10,506 shares (12.78%) post-event. This is a routine encumbrance release under SEBI SAST Regulations.
Positive signal — pledge release reduces the promoter's debt-backed share encumbrance to zero, lowering financial risk on promoter holdings. No change in actual shareholding, so no dilution or ownership shift; minimal direct impact on stock price.