Intimation About Transmission of Shares from the Deceased Member belonging to the Promoter Group of the Company to her Legal Heir.
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Vertex Securities has informed BSE about the transmission of 2,50,000 fully paid-up shares held by Late Smt C D Padmini Devi, a deceased member of the promoter group, to her legal heir Ms. Sheila Satish Divakaran. As a result of this transmission, the deceased member ceases to be part of the promoter group with effect from the date of transmission. The company clarified this is a voluntary disclosure, as the transmission does not trigger any specific disclosure under SEBI SAST Regulations and does not materially impact the shareholding or control of the company. The updated shareholding pattern will be reflected in the quarter ending March 31, 2026.
This is a routine internal transfer within the promoter group due to inheritance, with no change in the overall promoter stake or control of the company. Shareholders should see no material impact on the stock from this event.