The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Awaiting price reaction for this filing.
Promoter Sujata Jonnavittula received 25,84,960 equity shares (11.02% voting rights) of Vedavaag Systems as a gift from her spouse JSR Durga Prasad, who is also classified as a promoter. The transfer happened in two tranches: 19,09,560 shares on December 5, 2025, and 6,75,400 shares on December 9, 2025, via off-market inter-se transfer. Post-transaction, Sujata's holding rose from 0.28% to 11.30%, while JSR Durga Prasad's holding dropped from 15.28% to 4.26%. Since both are immediate relatives within the promoter group, the transfer is exempt from open-offer requirements under Regulation 10(1)(a)(i) of SEBI SAST Regulations. The acquirer paid Rs 1,77,000 in SEBI fees and filed all required disclosures within stipulated timelines.
Neutral event for shareholders — this is purely an internal reallocation of shares within the promoter family (spouse to spouse), so total promoter group control and voting power in the company remain unchanged. No direct impact on stock price or minority shareholders is expected.