Shareholding24 Sept 2026, 10:15 pm
Veljan Denison: Promoter Gift of 19.64% Shares Planned
AI Summary
Veljan Denison Limited has received a disclosure regarding a proposed inter-se transfer of 8,83,979 equity shares (19.64% of paid-up capital) via gift among promoters. Mrs. Chukkamamba Sree Velamati (Transferor) plans to gift these shares to Mr. Gangadhar Srinivas Velamati (Transferee), both members of the promoter group. The transaction is scheduled for on or after September 30, 2026, and is exempt from open offer requirements under SEBI (SAST) Regulations, 2011. The transferor will retain 9 shares.
Key Highlights
- Promoter group plans inter-se share transfer via gift.
- 19.64% stake (8,83,979 shares) to be transferred.
- Transaction scheduled for on or after September 30, 2026.
- Exempt from open offer under SEBI (SAST) Regulations.
- Transferor retains 9 shares post-transaction.
Price Impact
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