Garnet International Limited , a company listed on the BSE, has reported a change in its promoter shareholding. Suresh Gaggar, a promoter of the company, has increased his stake through open market transactions.

Acquisition Details

On September 3, 2025, Suresh Gaggar acquired 13,500 shares of Garnet International Limited through open market transactions. This acquisition has resulted in an increase in his shareholding from 11.90% to 11.97% of the company's total equity capital.

Shareholding Impact

The total equity share capital of Garnet International Limited remains unchanged at 19,635,000 shares.

Regulatory Compliance

The disclosure of this transaction was made in compliance with the Securities and Exchange Board of India (SEBI) Substantial Acquisition of Shares and Takeovers Regulations. The company has duly informed the BSE Limited about this change in promoter shareholding.

About the Acquirer

Suresh Gaggar, as mentioned in the LODR data, resides at Flat 41/42, 4th Floor, Gaurav Extension, Gokuldham, Goregaon (E), Mumbai-400063. He is part of the promoter group of Garnet International Limited.

Company Information

Garnet International Limited is listed on the BSE. The company's registered office is located at 901, Raheja Chambers, Free Press Journal Marg, Nariman Point, Mumbai - 400021, India.

Garnet International Limited has reported a significant increase in profitability for the first quarter, despite experiencing a decline in revenue. The company's financial results for Q1 show a mixed performance, with substantial growth in net profit contrasting with a decrease in total income from operations.

Standalone Performance

On a standalone basis, Garnet International's total income from operations dropped to ₹63.26 lakh, down from ₹143.09 lakh in the previous quarter. However, the company's net profit after tax surged to ₹144.02 lakh, a remarkable increase from ₹15.44 lakh in the preceding quarter.

Consolidated Results

The consolidated results mirrored the standalone performance trend:

Earnings Per Share

The company's earnings per share (EPS) showed substantial improvement:

Financial Position

Garnet International maintained its equity share capital at ₹1,963.50 lakh. The company reported reserves as follows:

Management Statement

Ramakant Gaggar, Managing Director of Garnet International Limited, signed off on the financial results, which were submitted to the BSE Limited.

The company's ability to significantly boost profitability despite lower revenues suggests effective cost management and potentially improved operational efficiency. However, the reasons behind the revenue decline were not specified in the available data.

Investors and stakeholders may want to keep a close eye on how Garnet International balances its revenue challenges with its improved profitability in the coming quarters.