The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Suresh Gaggar HUF
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Garnet International Ltd has informed BSE that the exchange received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, filed by Suresh Gaggar HUF. This is a continuing disclosure typically made by promoter group entities when their shareholding changes by 2% or more between two financial years. The announcement does not specify whether shares were acquired or sold, the number of shares involved, or the resulting shareholding percentage. Suresh Gaggar HUF is likely part of the promoter/promoter group of the company.
Without details on the direction (buy or sell), volume, or post-transaction shareholding, the precise impact on shareholders or the stock cannot be assessed. Investors should wait for a more detailed disclosure or check the BSE filings page for the full Form 29(2) to understand whether promoter group holding has gone up or down.