Quarterly Result6 April 2026 at 07:21 am
Vertex Securities Ltd: Kumar Nair's Voting Rights Reduced from 19.16% to 15.32%
AI Summary
The Exchange has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Kumar Nair. The disclosure pertains to the acquisition of shares in Vertex Securities Limited. Before the acquisition, Kumar Nair held 19.16% of the total share/voting capital. After the acquisition, his holding has been reduced to 15.32%. This reduction in voting rights is due to the renunciation of Rights Entitlement in the Rights Issue resulting in a reduction in voting power.
Key Highlights
- Kumar Nair's voting rights in Vertex Securities Ltd have been reduced from 19.16% to 15.32%.
- This reduction is due to the renunciation of Rights Entitlement in the Rights Issue.
- Before the acquisition, Kumar Nair held 19.16% of the total share/voting capital.
- After the acquisition, his holding has been reduced to 15.32%.
- The acquisition is in accordance with the Rights Issue process.