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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Kartik Gaggar, a member of the promoter group of Garnet International Ltd, has disclosed the purchase of 2,641 equity shares (0.01% of total share capital) through the open market on 13 June 2025. His holding in the company rose marginally from 2,27,108 shares (1.16%) to 2,29,749 shares (1.17%) post-acquisition. The total equity share capital of the company stands at 1,96,35,000 shares. The transaction was carried out on BSE, where the stock is listed (symbol: GARNETINT, code: 512493).
This is a very small, incremental purchase by a promoter and is unlikely to materially affect the stock price. It does signal continued promoter confidence in the company, though the promoter's overall stake remains very low at just 1.17%, indicating limited promoter control.