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, has purchased 14,000 equity shares (0.07%) through the open market on 9 September 2025. His holding increased from 2,388,858 shares (12.17%) to 2,402,858 shares (12.24%) of the company's paid-up equity capital. The acquisition was disclosed under Regulation 29(2) of SEBI's Takeover Regulations, as his stake crossed a reporting threshold. The total equity share capital of the company remains 19,635,000 shares.
This is a small incremental purchase by an existing promoter, signalling continued insider confidence in the company. The 0.07% increase is unlikely to materially affect the stock price but reinforces promoter commitment.