The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Awaiting price reaction for this filing.
Promoter Sujata Jonnavittula proposes to acquire 25,84,960 equity shares (11.02%) of Vedavaag Systems from her spouse and fellow promoter JSR Durga Prasad by way of a gift. This is an off-market inter-se transfer within the promoter family, carrying no purchase price, and is exempt from the open-offer requirement under Regulation 10(1)(a)(i) of SEBI SAST rules. After the transfer (proposed on 5 December 2025), Sujata's holding rises from 0.28% (65,607 shares) to 11.29% (26,50,567 shares), while JSR Durga Prasad's holding drops from 15.28% (35,84,960 shares) to 4.26% (10,00,000 shares). The combined promoter shareholding remains unchanged since the transfer is purely intra-family.
This is a routine reshuffle within the promoter family with no cash changing hands and no change in total promoter control, so it is unlikely to have any material impact on the stock price or minority shareholders.