Promoter Group Inter-se Transfer of 8,83,979 Shares (19.64%) by Way of Gift
Advance intimation of an inter-se promoter transfer in Veljan Denison.
By ScoutQuest · · 2 min read
- Shares to be transferred
- 8,83,979 equity shares of Rs. 10/- each
- Percentage of paid-up equity
- 19.64%
- Transferee holding after
- 16,55,543 shares (36.79%)
- Transferor holding after
- 9 shares (0.0002%)
- Proposed transfer date
- on or about 30.09.2026
What the update says
This is an advance intimation under Regulation 10(5) of the SEBI (SAST) Regulations, 2011, given at least 4 working days before the transaction.
- Transferor: Mrs. Chukkamamba Sree Velamati (promoter group)
- Transferee: Mr. Gangadhar Srinivas Velamati (promoter group)
- Shares proposed to be transferred: 8,83,979 equity shares of Rs. 10/- each
- That is 19.64% of the paid-up equity share capital
- Proposed date: on or after 30.09.2026
- Price: Nil — the transfer is by way of gift, without consideration
- Relationship: mother and son
Shareholding before and after
- Transferee before: 7,71,564 shares, 17.15%
- Transferee after: 16,55,543 shares, 36.79%
- Transferor before: 8,83,988 shares, 19.64%
- Transferor after: 9 shares, 0.0002%
The transferor's full holding is 8,83,988 shares and she will retain the balance 9 shares in her own name.
Why no open offer
Normally, acquiring a large block of shares can trigger a mandatory open offer to public shareholders. Here the acquirer is already a promoter of the company and the transfer is between relatives within the promoter group, so it is claimed as exempt under Regulation 10(1)(a)(i) and (ii). The acquirer has declared that the conditions for the exemption and the disclosure requirements of Chapter V will be complied with.
How investors may read it
This is a reshuffling of shares inside the promoter family rather than a purchase from or sale to the public. The aggregate promoter group stake is unaffected, and no money changes hands. Since it is a gift between a mother and son, market participants often view such updates as succession or estate planning. The main change is the concentration of a larger individual stake in one promoter's name, taking his holding above one-third of the capital.
The volume weighted average market price and price-related declarations are marked Not Applicable because there is no consideration.
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 transferred as % of paid-up equity19.64%
- Face value per shareRs. 10/- each
- Transferor total holding before transfer8,83,988 equity shares
- Shares retained by transferor9 equity shares
- Transferor holding after transaction (%)0.0002
- Transferee holding before transaction7,71,564
- Transferee holding before transaction (%)17.15
- Transferee holding after transaction16,55,543
- Transferee holding after transaction (%)36.79
- Minimum notice period before acquisition4 working days
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