Shareholding24 Sept 2026, 10:14 pm
Veljan Denison: Promoter Gift of 19.64% Shares Planned
AI Summary
Veljan Denison Limited has received a disclosure regarding an inter-se transfer of shares within the promoter group. Mrs. Chukkamamba Sree Velamati (Transferor) proposes to gift 8,83,979 equity shares, representing 19.64% of the paid-up equity share capital, to Mr. Gangadhar Srinivas Velamati (Transferee). This transfer is planned for on or after September 30, 2026, and is exempt from open offer requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transfer is a gift between relatives (mother and son) with no monetary consideration.
Key Highlights
- Promoter group plans inter-se share transfer via gift.
- 19.64% stake (8,83,979 shares) to be transferred.
- Transfer is between mother and son.
- Transaction is a gift, no monetary consideration.
- Exempt from open offer under SAST Regulations.
Price Impact
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