The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kartik Gaggar
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Kartik Gaggar, part of the promoter/promoter group of Garnet International Ltd, has acquired 5,164 equity shares (0.03%) through the open market on 12 June 2025. His shareholding in the company has increased from 221,944 shares (1.13%) to 227,108 shares (1.16%). The company has a total equity share capital of 1.96 crore shares. This is a routine open-market purchase by the promoter that has been disclosed under SEBI takeover regulations.
The acquisition is very small (0.03%) and indicates a routine promoter purchase, which is mildly positive as it signals promoter confidence. However, the negligible size means it is unlikely to have any meaningful impact on the stock price.