The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sri Krishna Uppaluri
VELJAN · price
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Sri Krishna Uppaluri, a Key Managerial Personnel and part of the promoter group of Veljan Denison Ltd, has acquired 2,53,752 fully paid-up equity shares (face value Rs. 10 each), representing 5.64% of the company's paid-up share capital (17.15% on a diluted basis). The shares were transferred to him as the beneficiary owner pursuant to the registered will dated 28.06.2019 of the late promoter Mr. Velamati Chandra Sekhar Janardan Rao. This is an inter-se transfer within the promoter family (from nominee/surviving holder to beneficiary) rather than an open market purchase. The acquisition date is 19.06.2025, and the disclosure was filed on 20.06.2025. The company's total equity capital remains unchanged at Rs. 4.50 crores (45 lakh shares of Rs. 10 each).
This is essentially a family-level reorganization of promoter holdings following a promoter's death and does not change the overall promoter group's economic stake in the company. There is no impact on the share price as no new shares were issued and no fresh funds were deployed in the market. Retail shareholders should note this is an internal succession-related transfer.