Promoter group member acquires 8,83,979 shares (19.64%) by way of inter-se gift transfer

Gangadhar Srinivas Velamati, a member of the promoter group, has acquired 8,83,979 equity shares of Rs. 10/- each of the company.

Mon 5 Oct 2026

Shares Acquired

8,83,979 equity shares of Rs. 10/- each

Share of Diluted Capital

19.64% of the diluted share capital

Acquirer Holding After

16,55,543 shares (36.79%) (from 7,71,564 shares / 17.15%)

Seller Holding After

9 shares (0.0002%) (from 8,83,988 shares / 19.64%)

Price

Not Applicable (inter-se transfer amongst existing promoters by way of gift)

What was disclosed

• Gangadhar Srinivas Velamati, a member of the promoter group of Veljan Denison Limited, has acquired 8,83,979 equity shares of Rs. 10/- each.
• The transferor is Chukkamamba Sree Velamati.
• The transaction is an inter-se transfer amongst the existing promoters, done by way of Gift.
• The date of acquisition stated is 30.09.2026.

Why no price is shown

• Against the price at which the shares were acquired, the disclosure says Not Applicable (inter-se transfer as a gift).
• So this is a transfer of shares between people already in the promoter group, not a sale to an outside buyer at a quoted price.

How the holdings change

• Acquirer: from 7,71,564 shares (17.15%) before the transaction, to 16,55,543 shares (36.79%) after.
• Seller: from 8,83,988 shares (19.64%) before, to 9 shares (0.0002%) after.
• The number of shares acquired, 8,83,979, is 19.64% of the diluted share capital of the company.

How to read this

• Ownership inside the promoter group has been rearranged - the shares have moved from one promoter to another.
• The disclosure states that a disclosure of the proposed acquisition was made under regulation 10(5) on 24.09.2026, and that the acquirer is exempt from making an open offer under Reg. 10(1)(a)(i) & (ii) of the SEBI (SAST) Regulations, 2011.
• For a retail reader, the useful takeaway is the change in individual promoter holdings shown above, and the fact that no consideration was paid for this transfer.

Points to keep in mind

• The disclosure gives the shareholding before and after the transfer for both the acquirer and the seller, so the size of the shift can be reviewed directly.
• The buyer and seller are both named in the update as promoters, and the transfer is recorded as a gift.

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