General Announcement- TRansmission of shares from deceased Promoter Mr. V.C. Janardan Rao to the respective successors/ holders. as attached
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Veljan Denison Ltd has informed the BSE about the transmission of equity shares held by its late promoter, Mr. Velamati Chandra Sekhar Janardan Rao, to his successors, nominees, and joint account holders. The shares are being transferred within the family — to joint account holders (571,602 shares to Mr. Velamati Gangadhar Srinivas, 311,338 to Mrs. Velamati Sree, and 406,858 to another joint holder) and 507,504 shares to a registered nominee, Ms. Chukkamamba. The company noted that these transfers qualify as exempted acquisitions under SEBI's Takeover Regulations, meaning no open-offer obligation is triggered. Detailed disclosures as per SEBI norms will be filed separately in due course.
This is a routine internal transmission of shares within the promoter family following the death of a promoter. There is no change in ultimate promoter control, no market buying or selling, and no impact on retail shareholders or stock price.