Veejay Lakshmi Engineering Works disclosed the transmission of 96,923 equity shares between promoter directors on August 28, 2026. The transfer was executed from ex-promoter chairman V.J. Jayaraman to the existing chairman and managing director, who is the nominee and heir.

The company filed a disclosure under Regulation 30 of the SEBI (LODR) regulations, 2015, with BSE Limited. The transaction represents an internal restructuring within the promoter group rather than an external sale or dilution.

Transaction Details

The key parameters of the share transmission are outlined below:

V.J. Jayaraman, identified by DIN 00137340 and PAN ADSPJ0096J, held the shares prior to the transmission. The transferee, holding DIN 00137425 and PAN ACBPA4631L, received the shares as the legal nominee.

Promoter Group Stability

The filing explicitly states that there has been no change in the promoters or Key Managerial Personnel (KMP) of the company. Both parties involved in the transaction are classified as promoter director-shareholders, ensuring continuity in the ownership structure's control block.

The transferee is a relative of the transferor, reinforcing the familial nature of the promoter group's holdings. This type of transmission typically occurs due to succession planning or estate management within family-owned businesses.

Veejay Lakshmi Engineering Works Limited has fixed September 7, 2026 as the cut-off date for determining shareholders eligible to vote at its 51st Annual General Meeting (AGM). The meeting is scheduled for September 14, 2026.

The company’s Register of Members and Share Transfer books will remain closed from September 8, 2026, to September 14, 2026. This period ensures only shareholders on record before closure can exercise voting rights.

Corporate Action Details

The intimation was issued under Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was sent to the Bombay Stock Exchange and relevant depository participants.

The notice was signed by V.K. Swaminathan, Company Secretary, and copies were forwarded to Central Depository Services (India) Limited, MUFG Intime India Private Limited, and National Securities Depository Limited.

E-Voting Arrangements

Remote e-voting will be facilitated by MUFG Intime India Private Limited. The portal opens at 9:00 am on September 11, 2026, and closes at 5:00 pm on September 13, 2026. Shareholders who vote remotely may attend the meeting but cannot vote again via ballot. Physical shareholders without registered email addresses must submit scanned documents to the registrar to obtain login credentials.