The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sujata Jonnavittula
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Sujata Jonnavittula, a member of the promoter group, acquired 25,84,960 equity shares (11.02% voting rights) of Vedavaag Systems Ltd from her spouse JSR Durga Prasad as a gift, executed on December 5 and December 9, 2025. Post-transaction, Sujata's holding rose from 0.28% (65,607 shares) to 11.30% (26,50,567 shares), while JSR Durga Prasad's holding fell from 15.28% (35,84,960 shares) to 4.26% (10,00,000 shares). The transfer is exempt from open offer requirements under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations as it is an inter-se transfer within the promoter group. No cash consideration was involved as the shares were gifted. The overall promoter group shareholding remains unchanged since this is a reshuffling within the family.
This is a neutral event for shareholders as it is merely a reshuffling of shares within the promoter family with no change in the total promoter holding. No open offer is triggered, and there is no impact on the company's operations or stock price from this transfer.