Garnet International promoters have reduced their shareholdings through open market transactions on November 21, 2025. The sales have resulted in a decrease in their combined stake in the company.

Key Details of the Transaction

Impact on Promoter Holdings

The open market sales have led to a reduction in the promoters' combined holdings:

Company Overview

Garnet International has a total equity capital of 19,635,000 shares. The recent transactions by the promoters represent a change in their ownership structure, potentially impacting the company's shareholding pattern.

Market Implications

While the reasons for the stake reduction have not been disclosed, such moves by promoters often attract investor attention. Market participants may closely monitor any further changes in the promoter holdings or any subsequent disclosures by the company regarding these transactions.

Investors and stakeholders are advised to keep an eye on any official communications from Garnet International for more context on these share sales and their potential impact on the company's future plans or operations.

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.