The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Velamati Sree Chukkamamba
VELJAN · price
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Promoter Mrs. Velamati Sree Chukkamamba acquired 5,08,552 equity shares (about 11.30%) of Veljan Denison Ltd by way of transmission following the death of her husband Mr. Velamati Chandra Sekhar Janardan Rao, who was a promoter shareholder. Her holding rose from 8,82,940 shares (19.62%) to 13,91,492 shares (30.84%), making her the single largest individual promoter. Mr. Velamati Chandra Sekhar Janardan Rao's pre-holding of 6,19,506 shares (13.77%) has been extinguished and moved to NIL. Another family member Mr. Velamati Gangadhar Srinivas also received shares, rising from 9.04% to 11.50%. The total promoter group holding remains broadly unchanged, with shares merely consolidated among surviving family members. Total equity share capital of the company stands at 4,50,00,000 shares with no change in share capital.
This is a non-market event — shares moved within the promoter family via inheritance, so there is no impact on float or share price. Mrs. Velamati Sree Chukkamamba now individually holds over 30%, giving her a stronger say in company decisions, but overall promoter control remains intact and may even strengthen through consolidation.