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, a member of the promoter group of Garnet International Ltd, acquired 12,000 equity shares (0.06% stake) through open market purchase on September 4, 2025. Prior to the acquisition, he held 23,50,458 shares (11.97%), and after the transaction his holding increased to 23,62,458 shares (12.03%). The total equity share capital of the company stands at 1,96,35,000 shares. The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
This is a minor open-market purchase by the promoter, signalling modest confidence in the company. The change is too small (0.06%) to materially affect stock price or shareholder dynamics.