BSEGarnet International LtdMediumNeutral
Announced Tue, 23 Sept · 09:49 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Suresh Gaggar

Promoter Stake BuyOwnership Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Suresh Gaggar, part of the promoter group of Garnet International Ltd, has acquired 3,000 equity shares (0.02% stake) via the open market on 19 September 2025. Following this purchase, his holding in the company rose from 24,15,358 shares (12.30%) to 24,18,358 shares (12.32%). 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's Substantial Acquisition of Shares & Takeovers Regulations, 2011.

Likely market impact

This is a small, incremental open market purchase by a promoter, signalling continued confidence in the company. The change in stake is marginal (0.02%) and is unlikely to have any meaningful impact on the stock price, though it underscores ongoing promoter buying interest.