The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sarika Gaggar
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Sarika Gaggar, a member of the promoter group of Garnet International Ltd, acquired 270,000 shares (1.37% of total equity capital) through open market purchases on 19 November 2025. Prior to this transaction, she held no shares in the company. After the acquisition, her holding stands at 270,000 shares representing 1.37% of the company's total equity capital of 19,635,000 shares. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
A promoter group member buying shares in the open market is generally viewed as a confidence signal in the company. However, since the acquisition size is relatively small (1.37%), the immediate impact on the stock price is likely to be limited.