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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BSE has received a disclosure under Regulation 29(2) of the SEBI Takeover Regulations from Suresh Gaggar, who is associated with Garnet International Ltd. Regulation 29(2) typically covers disclosures related to encumbrance creation/release on shares or inter se transfers among promoter group members. The full text of the disclosure (including transaction type, share quantity, and direction) is not available in the headline provided, so the specific nature of the change cannot be confirmed.
This is a routine regulatory disclosure and is not an unusual event in itself. Shareholders should wait for the detailed disclosure to know whether this involves a pledge, encumbrance change, or share movement, as the actual impact on stock price depends on the transaction type and size.