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, part of the promoter group of Garnet International Ltd, acquired 13,900 equity shares (0.07% of total share capital) through an open market purchase on 14.06.2025. Post this acquisition, his total holding has increased from 2,170,921 shares (11.06%) to 2,184,821 shares (11.13%). The equity share capital of the company remains at 19,635,000 shares. The promoter has chosen the open market route for this incremental purchase.
This is a minor promoter share purchase that signals continued promoter confidence in the company, though the increase in stake is very small (just 13,900 shares). It is unlikely to have a meaningful impact on the stock price, as the stake moved only marginally from 11.06% to 11.13%.