The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mangal Savitri Investment P Ltd
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Awaiting price reaction for this filing.
Mangal Savitri Investment Private Limited, part of the promoter/promoter group of Garnet International Ltd, has disclosed the acquisition of 2,73,191 equity shares (1.39%) of the company through the open market on November 22, 2025. This is the entity's first disclosed holding in the company, as prior to this acquisition it held zero shares. The acquisition was made under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The total equity share capital of Garnet International stands at 1,96,35,000 shares, and after this purchase the promoter entity holds 1.39% of voting capital.
This is a positive signal indicating promoter confidence in the company, as a promoter-group entity has initiated a stake from zero. However, the 1.39% holding is still small and below the 5% disclosure threshold, so it may have limited immediate impact on share price but reflects insider buying intent.