The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gangadhar Srinivas Velamati
VELJAN · price
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Gangadhar Srinivas Velamati, part of the promoter group of Veljan Denison Ltd, has acquired 2,53,752 equity shares (5.64% of paid-up capital) through an inter-se transfer. The shares were transferred from a nominee/surviving holder to him as a beneficiary under the registered will of the late promoter Mr. Velamati Chandra Sekhar Janardan Rao (will dated 28.06.2019). Post-acquisition, his holding with persons acting in concert stands at 7,71,564 shares, or 17.15% of the company, up from 11.51% earlier. The company's total equity capital remains unchanged at Rs. 4.50 crore (45 lakh shares of Rs. 10 each), and the acquisition date is 19.06.2025.
This is a family-level reshuffle of promoter shares triggered by the settlement of a deceased promoter's estate, not an open-market purchase. There is no real change in the overall promoter group economic interest or in the company's capital structure, so shareholders should not expect any material impact on the stock price from this disclosure.