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 7,500 equity shares (0.04% of the paid-up capital) through the open market on 10 September 2025. This is filed under Regulation 29(2) of SEBI's SAST Regulations. Post this acquisition, his holding in the company rises from 24,02,858 shares (12.24%) to 24,10,358 shares (12.28%). The total equity share capital of Garnet International stands at 1,96,35,000 shares. The stock is listed only on BSE.
This is a small, incremental open-market purchase by the promoter, signalling continued insider confidence. Given the negligible size (0.04% increase), there is unlikely to be a meaningful impact on the share price or free-float.