GARNET CONSTRUCTION LTD.

Garnet Construction Ltd has filed a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Sanjaykumar Kedia. The filing details an inter-se transfer (transmission) of 40,82,909 shares, representing 29.37% of the total share capital, from Kishan Kedia to Sanjaykumar Kedia. This transaction, valued at ₹13,90,22,000, results in Sanjaykumar Kedia's shareholding increasing from 15.97% to 45.34% post-transaction. The acquisition was made in reliance upon the exemption provided under Regulation 10(6) of the SEBI (SAST) Regulations, 2011.

Sanjay Kedia, identified as part of the Promoter/Promoter group, has significantly increased his shareholding in Garnet Construction Ltd. The acquisition details reveal a purchase of 40,82,909 equity shares, representing 29.37% of the total share capital. This transaction brings his total holding to 63,03,082 shares, or 45.34% of the company's total share capital. The acquisition was valued at ₹13,90,22,000, comprising 1,39,02,200 equity shares of face value ₹10 each. The filing is made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Garnet Construction Ltd's board of directors has approved and taken on record the audited financial results of the company for the year ended March 31, 2026. The results were reviewed by statutory auditors, Shankarlal Jain & Associates LLP, who issued an independent auditor's report stating that the financial results present a true and fair view in conformity with Indian Accounting Standards.

Garnet Construction Ltd's board of directors approved and recorded the audited financial results for the quarter and year ended March 31, 2026, during their meeting on May 30, 2026. The results, reviewed by statutory auditors Shankarlal Jain & Associates LLP, comply with SEBI regulations and Indian Accounting Standards.

Garnet Construction Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the audited standalone financial results for the year ended March 31, 2026, and the appointment of Mr. Arunkumar Kedia as Managing Director. The meeting will be held at the company's registered office in Mumbai.

Garnet Construction Ltd has announced changes in its board of directors and key management personnel. The board has taken on record the demise of Promoter, Managing Director & CFO Mr. Kishan Kedia. Ms. Chahat Sanjaykumar Kedia has been appointed as a Director and Ms. Nikita Poddar as the Chief Financial Officer. These changes are subject to applicable laws and necessary approvals.

Garnet Construction Ltd announced the outcome of its Board meeting held on 21st March 2026. The Board took on record the demise of the Promoter, Managing Director & CFO Mr. Kishankumar Kedia and placed its deep condolences. The Board approved the appointment of Ms. Chahat Sanjaykumar Kedia as Director and Ms. Nikita Poddar as Chief Financial Officer. Ms. Kedia is a Graduation Member of the Institute of Chartered Accountants of India with over 8 years of experience in corporate finance. Ms. Poddar is an Associate of the Institute of Chartered Accountants of India.

In a recent board meeting held on 21st March 2026, Garnet Construction Ltd announced the demise of its promoter, Managing Director, and CFO, Mr. Kishan Kedia. The board expressed its deep condolences and approved the appointment of Ms. Chahat Sanjaykumar Kedia as a Director and Ms. Nikita Poddar as the new Chief Financial Officer (CFO). These decisions are subject to applicable laws and necessary approvals.

Garnet Construction Ltd has announced that a Board of Directors meeting is scheduled for 21/03/2026 to consider several matters, including the appointment of Ms. Chahat Sanjaykumar Kedia as Director and Ms. Nikita Poddar as Chief Financial Officer (CFO). The meeting will also take on record the demise of the Promoter, Managing Director & CFO Mr. Kishan Kedia and place on record the Board's condolences.

Garnet Construction Ltd, a real estate development company, announced its unaudited financial results for the quarter ended 31st December 2025. The total revenue from operations stands at INR 1,575.34 Lacs. The results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 14th February 2026. The company operates in a single business segment, real estate development, and has aligned its revenue recognition policy with Ind AS 115.