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 Ramakant Gaggar
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Promoter Ramakant Gaggar has created a pledge on 2,70,000 equity shares (1.38% of total share capital) of Garnet International Ltd in favor of Globe Capital Market Ltd on November 21, 2025. The shares have been given as margin to the share broker. The promoter currently holds 41,46,972 shares (21.12%) in the company, of which 2,70,000 shares (1.38% of capital) are now encumbered post this event. This is a disclosure under Regulation 31(1) and 31(2) of the SEBI SAST Regulations, 2011.
The pledged shares represent only about 6.5% of the promoter's own holding and 1.38% of the company's total capital, so the impact is limited. Pledge creation for broker margin is common, but investors should keep an eye on any further encumbrance or invocation, which could be a negative signal.