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/promoter group of Garnet International Ltd, has disclosed the acquisition of 22,500 equity shares (0.11% of the company) through the open market on 2 September 2025. Post this acquisition, his shareholding has increased from 23,14,458 shares (11.79%) to 23,36,958 shares (11.90%) of the total equity share capital. The company has 19,635,000 equity shares in total. The disclosure was filed under Regulation 29(2) of SEBI's SAST Regulations, 2011.
A modest, incremental open-market purchase by a promoter signals continued insider confidence in the company. However, the size of the acquisition is very small (~Rs value likely insignificant), so material stock price impact is unlikely.