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, a member of the promoter/promoter group of Garnet International Ltd, sold 30,000 equity shares (0.15% of total share capital) in the open market on 17.06.2025. Prior to the sale, he held 229,749 shares (1.17%); post-sale his holding stands at 199,749 shares (1.02%). The total equity share capital of the company is 19,635,000 shares, which remained unchanged. This is a small, routine disclosure of a minor trim in an individual promoter's stake.
The sale is minor — reducing the promoter's holding by only 0.15 percentage points of the company — and is unlikely to materially affect share price or shareholder sentiment. Retail investors need not be concerned as the promoter remains on the cap table with over 1% holding.