Garnet Construction announced the passing of Mr. Kishankumar Jugalkishore Kedia, a pivotal figure who served as the company's Promoter, Managing Director, and CFO.

Mr. Kedia held a significant stake with 40,82,909 equity shares, accounting for 29.37% of the promoter group.

His sudden demise represents an irreparable loss to the company and its leadership, impacting its promoter structure as he will cease to be a promoter.