The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for VSD Family Trust & PACs
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Promoters Satish Reddy Kallam and G V Prasad transferred a combined 17,17,26,540 equity shares (20.57% of the company) to two family trusts on September 17, 2025 via an off-market deal. Satish Reddy Kallam moved 7,56,30,620 shares (9.06%) into VSD Family Trust, while G V Prasad moved 9,60,95,920 shares (11.51%) into GVP Family Trust. The transfer was carried out under a SEBI exemption order dated December 31, 2024. The company stated this is a private family arrangement for succession planning and streamlining of family assets. Total promoter and promoter-group shareholding remains unchanged at 26.64% before and after the transfer.
This is an internal family restructuring with no change in overall promoter holding, so it is largely neutral for shareholders and should not affect stock price. The shift from individuals to family trusts may bring some clarity on succession but does not alter control or voting power.