Transfer of shares by way of transmission to successors - 10.06.2025
VELJAN · price
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Veljan Denison Ltd has completed the transmission (inheritance) of promoter shares following the death of Late Mr. V.C. Janardan Rao. His shares have been transferred to his wife, Mrs. Velamati Sree Chukkamamba, and his son, Mr. Velamati Gangadhar Srinivas. Post-transmission, Mrs. Velamati Sree Chukkamamba holds 13,91,492 shares (30.84%) and Mr. Velamati Gangadhar Srinivas holds 5,17,812 shares (11.50%). No monetary consideration was involved as this is a transmission (inheritance) event, and it is exempt from SEBI takeover regulations. Disclosures have been made under SEBI SAST and PIT regulations.
This is a non-cash, internal family succession event with no impact on the company's operations or stock price. The promoter group's combined holding stands at around 42.34%, and since no shares changed hands in the market, retail shareholders are unaffected.