Garnet International Limited , a company listed on the Bombay Stock Exchange (BSE), has reported a change in its promoter shareholding structure. Suresh Gaggar, a member of the Gaggar Group and a promoter of the company, has released the pledge on equity shares.

Pledge Release Details

The company disclosed to the BSE, in compliance with SEBI (Securities and Exchange Board of India) takeover regulations, that Gaggar has released the pledge on 471,250 equity shares. These shares were previously encumbered in favor of Globe Capital Limited. The breakdown of the released shares is as follows:

Impact on Promoter Shareholding

This move by Gaggar has led to a reduction in the promoter's pledged shareholding in Garnet International. The release of these encumbrances suggests a change in the promoter group's shareholding structure.

Regulatory Compliance

The disclosure of this pledge release was made in accordance with Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any creation, invocation, or release of encumbrance on shares of the target company.

Conclusion

The specific reasons for the pledge release have not been disclosed. Shareholders and potential investors may want to monitor further announcements from the company for any additional context or implications of this pledge release.

Garnet International Limited , a company listed on the Indian stock exchanges, recently witnessed significant changes in its promoter shareholding structure. On November 19, 2025, multiple share transactions were executed by the company's promoters through open market operations, resulting in a reshuffling of ownership stakes.

Key Transactions

The following table summarizes the major share transactions executed by Garnet International's promoters:

Transaction Highlights

Ramakant Gaggar

Increased his stake in the company by acquiring 270,000 shares, representing a 1.37% stake. This transaction has boosted his total holding in Garnet International to 21.12%.

Suresh Gaggar and Indira Gaggar

Both executed sell transactions, with Suresh Gaggar selling 338,000 shares and Indira Gaggar selling 272,000 shares. The exact reduction in their respective stakes was not specified in the available information.

Sarika Gaggar

Entered the promoter group by acquiring 270,000 shares, equivalent to a 1.37% stake in the company. This marks Sarika Gaggar as a new promoter shareholder of Garnet International.

Market Implications

These transactions, all conducted through open market operations, indicate a significant reshuffling of ownership within the promoter group of Garnet International Limited. While some promoters have reduced their stakes, others have increased their holdings or entered the promoter group.

Investors and market observers may want to take note of these changes in the promoter shareholding pattern, as they could potentially influence the company's future direction and decision-making processes.

It's important to note that these transactions represent internal changes within the promoter group and may not necessarily reflect on the company's operational performance or market outlook. Shareholders and potential investors should consider these ownership changes as part of their overall assessment of the company, alongside other financial and operational metrics.