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, a member of the promoter group of Garnet International Ltd, purchased 3,000 equity shares (0.02% of total share capital) in the open market on 19 September 2025. Post-acquisition, his individual holding in the company has risen from 2,415,358 shares (12.30%) to 2,418,358 shares (12.32%). The company's total equity share capital stands at 19,635,000 shares. The transaction was disclosed under Regulation 29(2) of the SEBI Takeover Regulations.
This is a very small incremental purchase by a promoter, signalling minor confidence but with negligible effect on overall shareholding pattern or stock price. Investors should watch for further accumulation to gauge promoter intent.