Vadilal Industries: Virendrabhai Gandhi Indirectly Transfers Shares to VG Trust

Vadilal Industries Ltd has received a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, detailing an indirect transfer of shares by Virendrabhai Ramchandra Gandhi to VG Trust. The transfer involves contributions of shares in promoter group entities: Vadilal International Private Limited (VIPL), Vadilal Finance Company Private Limited (VFCPL), and Veronica Constructions Private Limited (Veronica). Despite these transfers, the aggregate promoter and promoter group shareholding in Vadilal Industries Limited remains unchanged. The transaction was executed as an indirect transfer of shares, facilitated by a SEBI Exemption Order.