The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramakant Gaggar
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Ramakant Gaggar, a member of the promoter group of Garnet International Ltd, bought 2,70,000 equity shares (1.37% of the company) through open market purchases on 19 November 2025. His stake in the company has risen from 38,76,972 shares (19.75%) to 41,46,972 shares (21.12%). The total equity share capital of the company is 19,635,000 shares. The disclosure was filed under SEBI's Takeover Regulations (Reg 29(2)) on 20 November 2025.
This is a positive signal as a promoter is increasing his ownership through open market purchases, indicating confidence in the company. The buy was sized at about 1.37%, well within the permitted creeping acquisition limit, and his holding is still well below the 25% open offer trigger threshold.