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 16,400 equity shares (0.08%) through open market purchase on 05.09.2025. Before the acquisition, he held 23,62,458 shares (12.03%); after the acquisition, his holding increased to 23,78,858 shares (12.11%) of the company's paid-up equity share capital of 1,96,35,000 shares. The acquisition was disclosed to BSE under SEBI SAST Regulation 29(2), which mandates such reporting by promoters upon changes in their shareholding.
This is a small incremental purchase (just 0.08%) by a promoter, signalling mild confidence but with negligible impact on shareholding pattern. The stock is unlikely to see significant price movement from this disclosure alone, as the overall promoter holding remains at around 12% and is well below any regulatory threshold.