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, part of the promoter/promoter group of Garnet International Ltd, purchased 13,500 equity shares (0.07% of the company's share capital) through the open market on 3 September 2025. Following this acquisition, his individual holding in the company rose from 11.90% (23,36,958 shares) to 11.97% (23,50,458 shares). The company's total equity share capital remains unchanged at 1,96,35,000 shares. The disclosure has been filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011.
This is a small, incremental open-market purchase by a promoter group member, signalling modest confidence in the company. The size of the acquisition is immaterial to overall shareholding structure and is unlikely to materially affect the stock price.