Pursuant to the Company''s Code of Conduct for prevention of Insider Trading framed under the SEBI(PIT) Regulations, 2015, we wish to inform that the Compliance Officer of Veeram Securities ....
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Veeram Securities Limited has informed the BSE that its Compliance Officer has granted pre-clearance approval to a Promoter Group entity, Veeram Vendors Private Limited, for a proposed purchase of up to 7,50,000 equity shares of the company. This is done under the company's Code of Conduct for Prevention of Insider Trading, framed per SEBI (PIT) Regulations, 2015. The approval is valid for 7 trading days, and the company stated the acquirer is not in possession of any Unpublished Price Sensitive Information (UPSI). The actual trade, if executed, will be disclosed separately under Regulation 7(2) of SEBI PIT Regulations.
This signals a potential increase in promoter group shareholding, which is generally viewed positively by retail investors as it indicates insider confidence in the company. However, this is only a pre-clearance/intent disclosure — the actual purchase has not yet occurred and may or may not be executed within the 7-day window.