Promoter group inter-se transfer of 8,83,979 shares (19.64%) by way of gift intimated in advance
Advance intimation under SEBI Takeover rules.
By ScoutQuest · · 1 min read
- Shares to be gifted
- 8,83,979 equity shares of Rs. 10 each
- Percentage of paid-up equity
- 19.64%
- Transfer price
- Nil (gift, no consideration)
- Transferee holding after
- 16,55,543 shares (36.79%)
- Proposed transfer date
- on or about 30.09.2026
What was shared
An advance intimation under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for a proposed acquisition exempt from an open offer under Regulation 10(1)(a)(i) & (ii).
Who is involved
- Transferor (seller): Mrs. Chukkamamba Sree Velamati, promoter group
- Transferee (acquirer): Mr. Gangadhar Srinivas Velamati, promoter group
- Relationship stated: mother and son
- Target company: Veljan Denison Limited
The proposed transaction
- Shares proposed to be transferred: 8,83,979 equity shares of Rs. 10 each
- As a percentage of paid-up equity: 19.64%
- Price: Nil — transfer is by way of gift, without consideration
- Proposed date: on or about 30.09.2026, not earlier than 4 working days from the notice date
- Rationale stated: inter-se transfer among promoter group between relatives, as a gift
Shareholding before and after
- Acquirer, before: 7,71,564 shares, 17.15%
- Acquirer, after: 16,55,543 shares, 36.79%
- Seller, before: 8,83,988 shares, 19.64%
- Seller, after: 9 equity shares, 0.0002%
How to read this
Because both parties belong to the promoter group, the shares move within the same group rather than to an outside buyer. The aggregate promoter group holding is therefore not altered by this transfer; only the individual names holding those shares change. As the transfer is a gift, no money changes hands and no price is attached.
An open offer is normally triggered when an acquirer crosses prescribed thresholds. Here the acquirer has declared the transaction falls under the inter-se transfer exemption in Regulation 10(1)(a), and that the conditions for that exemption and the disclosure requirements of Chapter V have been or will be complied with. The volume weighted average market price and the 25% price declaration items are marked Not Applicable, consistent with a nil-consideration gift.
Company details in the update
Registered address noted as A-18, 19, A.P.I.E., Balanagar, Balanagar Township, Hyderabad, Rangareddy, Telangana. Scrip Code 505232 on BSE.
Also from Veljan Denison
Veljan Denison Ltd promoter buys 19.64% stake, holding rises to 36.79%
7 Oct 2026
Veljan Denison Ltd promoter sells 19.64% stake, holding falls to 0.0002%
7 Oct 2026
Promoter group member acquires 8,83,979 shares (19.64%) by way of inter-se gift transfer
5 Oct 2026
More numbers
- Shares proposed to be transferred8,83,979 equity shares
- Stake being transferred19.64%
- Face value per shareRs. 10/- each
- Transferor total holding before8,83,988 equity shares
- Transferor holding after9 equity shares
- Transferor stake after0.0002
- Acquirer shares before7,71,564
- Acquirer stake before17.15
- Acquirer shares after16,55,543
- Acquirer stake after36.79
- Acquisition priceNil
- Minimum notice period before transfer4 working days
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