Management Change6 April 2026 at 07:27 am
Vertex Securities Ltd: Kumar Nair Reduces Voting Rights by 1.22% Through Gift Deeds
AI Summary
On March 30, 2026, Kumar Nair, a significant shareholder in Vertex Securities Ltd, executed various gift deeds, reducing his voting rights from 19.16% to 17.94%. The transaction involved the gifting of 9,00,000 shares, which equates to 1.22% of the total share/voting capital and 1.22% of the total diluted share/voting capital of the company. The equity share capital of the company remains unchanged at Rs.14,80,24,378, consisting of 7,40,12,189 fully paid-up Equity Shares of Rs. 2/- Each, both before and after the transaction. This reduction in voting rights is in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Highlights
- Kumar Nair reduces voting rights in Vertex Securities Ltd by 1.22% through gift deeds.
- The transaction involved the gifting of 9,00,000 shares.
- The equity share capital of the company remains unchanged at Rs.14,80,24,378.
- The total diluted share/voting capital of the TC reduced from 19.16% to 17.94%.
- The transaction is in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.