The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sujata Jonnavittula & PACs
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Vedavaag Systems Ltd informed BSE of an off-market inter-se transfer within its promoter group. JSR Durga Prasad (promoter group) gifted 25,84,960 equity shares, representing 11.02% of the company's voting rights, to his spouse Sujata Jonnavittula (also promoter group) on 05-Dec-2025 and 09-Dec-2025. The transfer was carried out in two tranches — 19,09,560 shares on 5-Dec and 6,75,400 shares on 9-Dec. Following the transfer, Sujata Jonnavittula's individual holding rises significantly within the promoter group. Total share/voting capital remains 2,34,64,200 equity shares of Rs. 10 each, unchanged. The deal is internal to the promoter family and is exempt from open offer obligations under SEBI Takeover Regulations.
No impact on overall promoter group shareholding or free float, as this is an internal family (husband-to-wife) gift transfer. No money changed hands and the stock is unlikely to see any price movement. Sujata Jonnavittula's individual stake crosses the 25% mark, but the inter-se transfer exemption applies, so no open offer is triggered.