Garnet International Promoters Shuffle Ownership Stakes Through Open Market Transactions

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:

Promoter Name	Transaction Type	Number of Shares	Stake Change
Ramakant Gaggar	Acquisition	270,000	+1.37%
Suresh Gaggar	Sale	338,000	Reduction
Indira Gaggar	Sale	272,000	Reduction
Sarika Gaggar	Acquisition	270,000	+1.37%

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.94%	-28.86%	-36.65%	-37.86%	-40.73%	+182.63%

Garnet International has reported a change in its promoter shareholding, as disclosed in a recent regulatory filing. Suresh Gaggar, a promoter of the company, has increased his stake through an open market transaction.

Key Details of the Transaction

Acquirer: Suresh Gaggar
Shares Acquired: 10,000
Mode of Acquisition: Open Market

Impact on Shareholding

Particulars	Before Acquisition	After Acquisition
Shares Held	2,378,858	2,388,858
Percentage	12.11%	12.17%

The acquisition has resulted in a marginal increase of 0.06% in Gaggar's shareholding in Garnet International.

Company Overview

Garnet International, with the ISIN INE590B01010, has a total equity capital comprising 19,635,000 shares. The company's promoter, Suresh Gaggar, has been actively managing his stake in the firm.

Regulatory Compliance

The transaction was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any change in their shareholding, ensuring transparency for investors and regulatory authorities.

Garnet International's compliance officer duly informed the regulatory authorities about this transaction, adhering to the listing obligations and disclosure requirements set by the Securities and Exchange Board of India (SEBI).

The increase in promoter shareholding may be seen as a positive sign by market participants, potentially indicating the promoter's confidence in the company's future prospects. However, investors are advised to conduct their own research and analysis before making any investment decisions.