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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Promoter Suresh Gaggar of Garnet International Ltd purchased 36,000 equity shares (0.18%) of the company through open market on 17.06.2025. His stake rose from 21,84,821 shares (11.13%) to 22,20,821 shares (11.31%). The acquisition was disclosed to BSE under SEBI (SAST) Regulations, 2011. The company's total equity share capital stands at 1,96,35,000 shares. This is a relatively small incremental purchase by a single promoter.
This is a minor open-market purchase by the promoter, indicating confidence but with negligible impact on overall ownership or stock price. The promoter's holding remains well below majority control at 11.31%, meaning the company does not have a dominant promoter stake.