The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Indira Gaggar
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Indira Gaggar, a member of the promoter/promoter group of Garnet International Ltd, sold 272,000 equity shares (1.39% of the company's share capital) through the open market on 19 November 2025. Before the sale, she held 24,09,337 shares (12.27%); after the sale, her holding stands at 21,37,337 shares (10.88%). The total equity share capital of the company remains 1,96,35,000 shares. The transaction was disclosed under Regulation 29(2) of SEBI's Takeover Regulations, which applies to changes in shareholding of persons holding 10% or more in a listed company.
This is a relatively small trim of promoter holdings in the open market, which may be seen as a mild negative sentiment signal by retail investors, though the promoter continues to retain a meaningful 10.88% stake. The sale reduces her holding below the 12% mark but does not threaten her status as a significant shareholder, and no open-offer trigger is indicated from this single transaction.