The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Suresh Gaggar
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Suresh Gaggar, part of the promoter/promoter group of Garnet International Ltd, has acquired 12,000 equity shares (0.06%) of the company through open market purchase on 28 August 2025. His total holding increased from 23,02,458 shares (11.73%) to 23,14,458 shares (11.79%) of the paid-up equity capital. The total equity share capital of the company stands at 1,96,35,000 shares. The acquisition was disclosed under SEBI Takeover Regulations to BSE.
This is a small open-market purchase by a promoter, signalling mild confidence in the company. The negligible 0.06% increase is unlikely to have any material impact on the stock price or shareholder value.