The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kartik Gaggar
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Kartik Gaggar, a member of the promoter group of Garnet International Ltd, bought 13,000 equity shares (0.07% of the company's total share capital) through open market on 19 June 2025. His total holding in the company increased from 222,749 shares (1.13%) to 235,749 shares (1.20%). The disclosure was filed under SEBI SAST Regulation 29(2), which mandates reporting of any acquisition or disposal of shares that crosses the 2% threshold in a financial year. The total equity share capital of Garnet International stands at 1,96,35,000 shares.
This is a small, incremental open-market purchase by a promoter, signalling continued promoter confidence. With holding rising only marginally to 1.20%, there is no material change in ownership structure or control of the company.