The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chukkamamba Sri Velamati
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Veljan Denison Limited filed a SEBI SAST Regulation 29(2) disclosure involving promoter Chukkamamba Sri Velamati. The transaction is an inter-se transfer of 5,07,504 equity shares (11.27% of paid-up capital) from the nominee/surviving holder to the beneficial owner, pursuant to the registered will (dated 28.06.2019) of deceased promoter Late Mr. Velamati Chandra Sekhar Janardan Rao. As a result, Chukkamamba's holding reduced from 13,91,492 shares (30.9%) to 8,83,988 shares (19.64%). The transaction was executed on 19.06.2025 and disclosed on 20.06.2025. The company's total equity capital remains unchanged at Rs.4.50 crore (45,00,000 shares of Rs.10 each).
This is purely an internal promoter-family estate settlement — an inter-se transfer, not an open-market sale. Total promoter group economic interest is unchanged, so there is no real dilution or exit signal for retail shareholders.