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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Awaiting price reaction for this filing.
Mr. Suresh Gaggar, part of the Gaggar promoter group of Garnet International Ltd, released a margin pledge on 133,250 equity shares (0.68% of share capital) that was held by Globe Capital Market Ltd. The release happened on November 21, 2025 and was reported to the exchange on November 22, 2025. As per the disclosure, his post-event total holding stands at around 11.06% of the company, with encumbered shares coming down from 10.38% previously. The disclosure was filed under Regulation 31(1) and 31(2) of SEBI's SAST Regulations, 2011.
A pledge release is generally seen as a positive signal for retail investors — it reduces the promoter's leveraged exposure and lowers the risk of a forced sale of pledged shares hitting the stock price.