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.
Promoter Suresh Gaggar (part of the Gaggar Group) released a margin pledge on 338,000 equity shares (1.72% of share capital) of Garnet International Ltd on November 19, 2025. The pledge was held by Globe Capital Market Ltd. After this release, Suresh Gaggar's total holding remains at 25,37,307 shares (12.92% of the company), but his encumbered shares dropped from 12.78% to 11.06% of share capital. The disclosure was filed under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011.
Generally a mildly positive signal — releasing pledged shares reduces the promoter's leverage risk and frees up shares. However, roughly 86% of the promoter's holding is still encumbered, so a large pledged position remains and warrants continued monitoring.