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 promoter of Garnet International Ltd, has disclosed the purchase of 10,000 equity shares (0.06% of the company) through the open market on 26 June 2025. His stake has risen from 11.25% (22,09,796 shares) to 11.31% (22,19,796 shares) after the acquisition. The company has a total equity share capital of 1,96,35,000 shares. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, which is mandatory for promoters when their shareholding changes.
This is a small, routine open-market purchase by a promoter, signalling continued confidence in the company. The change is minor and unlikely to have any material impact on the stock price or shareholding structure.