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 has purchased 21,000 equity shares (0.10%) of Garnet International Ltd through the open market on 22 August 2025. Before this acquisition, he held 22,39,458 shares (11.41%); after the buy, his holding rises to 22,60,458 shares (11.51%). The total equity share capital of the company remains unchanged at 1,96,35,000 shares. The disclosure was filed under SEBI SAST Regulations, 2011 by the director himself, along with a separate filing addressed to BSE.
This is a small, routine promoter purchase that slightly increases promoter ownership from 11.41% to 11.51%. It signals promoter confidence but the size is too small to materially affect stock price or shareholder value. No governance concern as the holding remains well below any takeover trigger threshold.