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, a member of the promoter group of Garnet International Ltd, bought 21,000 shares (0.11% stake) through the open market on 26 August 2025. His holding increased from 22,81,458 shares (11.62%) to 23,02,458 shares (11.73%) of the company. The total equity share capital of the company remains at 19,635,000 shares. This is a routine SAST Regulation 29(2) disclosure filed with BSE.
This is a small open-market purchase by a promoter, signalling modest insider confidence. The stake size remains well below any open offer trigger threshold, so there is no immediate regulatory or material impact for shareholders.