The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Suresh Gaggar HUF
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Suresh Gaggar HUF, part of the promoter group of Garnet International Ltd, sold 7,000 shares (0.03% of paid-up capital) in the open market on June 19, 2025. Before the sale, the HUF held 145,946 shares (0.74%); after the sale, its holding stands at 138,946 shares (0.71%). The total equity share capital of the company is 19,635,000 shares. This is a routine Regulation 29(2) SAST disclosure, and the quantum of sale is very small.
Minimal impact on shareholders — only a token promoter group offloading of 0.03% stake via open market, with overall promoter holding remaining negligible at 0.71%. No meaningful change in stock price or ownership structure expected.