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, acquired 21,000 equity shares (0.11%) through open market purchase on August 25, 2025. Before the acquisition, he held 22,60,458 shares (11.51%); after the purchase, his holding rose to 22,81,458 shares (11.62%). The total equity share capital of the company is 1,96,35,000 shares. The disclosure was filed under SEBI's Takeover Regulations, which require promoters to report changes exceeding 2% in a financial year, though here the cumulative acquisition is being formally disclosed.
This is a small promoter share buy that signals insider confidence in the company, though the increase is marginal and unlikely to materially impact the stock price. Shareholders should note the promoter is incrementally building his stake via the open market.