The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
VELJAN · price
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Promoter Gangadhar Srinivas Velamati acquired 2,53,752 equity shares (about 5.64% of the company) of Veljan Denison Ltd on June 19, 2025, through an inter-se transfer from his mother Chukkamamba Sri Velamati. The shares were moved from a nominee/surviving holder to the beneficiary owner in line with the registered Will of the deceased promoter Mr. Chandra Sekhar Janardan Rao (dated June 28, 2019). After this transfer, Gangadhar's individual holding rose from 11.50% (5,17,812 shares) to 17.14% (7,71,564 shares), while Chukkamamba's holding dropped from 30.84% (13,91,492 shares) to 19.60% (8,83,988 shares). The filing is under Regulation 10(7) of SEBI Takeover Rules, which exempts inter-se promoter transfers from the open offer requirement. No cash was exchanged, and the total promoter group holding remains unchanged at 74.98%. A SEBI regulatory fee of Rs. 1,77,000 was paid.
This is a routine promoter family reshuffle, not a fresh market purchase, so it has no material impact on share price. Total promoter control is unchanged, and no open offer is triggered. Retail investors should note that individual promoter shareholdings within the family have been rebalanced.