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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Promoter Suresh Gaggar sold 338,000 equity shares (1.72% of total share capital) of Garnet International Ltd through the open market on 19 November 2025. Before the sale, he held 25,37,307 shares (12.92%); after the sale, his holding stands at 21,99,307 shares (11.20%). The company has 1,96,35,000 total equity shares outstanding. The transaction was disclosed under Regulation 29(2) of SEBI's SAST Regulations, 2011, which is mandatory for any promoter dealing of more than 1% in a financial year.
Promoter stake has dipped from 12.92% to 11.20%, a small but noteworthy reduction that retail investors may view as a mild negative signal regarding insider confidence. The sale is within regulatory creep-acquisition/sale limits, but continued selling could weigh on sentiment given the relatively small float and limited liquidity on BSE.