The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for G Suresh
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Mr. G. Suresh received 4,06,350 shares (8.05% of diluted share capital) of CG-VAK Software & Exports Ltd from Mr. C. Ganapathy through transmission on 25th February 2026. The transaction is exempt from an open offer under Regulation 10(1)(g) of the SEBI Takeover Regulations. As a result, G. Suresh's stake rose from 18.85% (9,52,060 shares) to 26.90% (13,58,410 shares), crossing the 25% threshold. Mr. C. Ganapathy's holding fell from 8.05% to 0%. Other promoter holdings — Mrs. S. Latha at 23.14% and Mrs. G. Saraswathi at 3.82% — remained unchanged. This appears to be an internal family or promoter-group reshuffle, likely due to inheritance or succession, rather than a market transaction.
No open offer is triggered thanks to the family/promoter transmission exemption, so existing shareholders are not diluted. The combined promoter group holding stays well above 50%, meaning overall control of the company does not change hands. Investors should note G. Suresh has crossed the 25% individual stake mark, which may be relevant for future creeping acquisition rules.