The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kartik Gaggar
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Kartik Gaggar, a member of the promoter group of Garnet International Ltd, has purchased 10,000 equity shares (0.05% of the company's share capital) in the open market on June 10, 2025. After this acquisition, his total holding stands at 213,944 shares, representing 1.09% of the company's paid-up equity share capital (up from 1.04% earlier). The total equity share capital of the company is 1.96 crore shares. This is a routine SAST disclosure filed because the promoter's incremental acquisition crossed the disclosure threshold.
This is a small, positive signal as a promoter has personally bought shares in the open market, suggesting some insider confidence in the company. However, the increase is marginal (0.05%) and unlikely to materially impact the stock price. Shareholders can view this as a modest sign of promoter commitment, though the overall promoter holding remains low.