Vels Film International Limited Declares No Encumbrance on Promoter Shares for FY26 Under SEBI SAST Regulations

1 min read     Updated on 09 May 2026, 01:25 PM
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Vels Film International Limited's promoter and promoter group filed a declaration on April 03, 2026, under Regulation 31(4) of the SEBI SAST Regulations, confirming no encumbrance was created on their equity shares during the financial year ended March 31, 2026. The declaration was signed by Dr. Ishari K Ganesh and covers six individuals comprising the promoter and promoter group. The filing was submitted to the National Stock Exchange of India Limited as part of mandatory annual regulatory compliance.

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Vels Film International Limited has filed a regulatory disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("SEBI SAST Regulations"), declaring that no encumbrance has been created on any equity shares held by the promoter and promoter group during the financial year ended March 31, 2026. The declaration was submitted to the National Stock Exchange of India Limited on April 03, 2026, and was signed by Dr. Ishari K Ganesh on behalf of the promoter and promoter group.

Key Declarations Under SEBI SAST Regulations

The filing contains two specific declarations made by the promoter and promoter group of Vels Film International:

  • No encumbrance, direct or indirect, was created on any equity shares of the company held by the promoter group at any time during the financial year ended March 31, 2026.
  • No encumbrance of any nature whatsoever exists on the equity shares held by the promoter group, either directly or indirectly, as on the date of the declaration, i.e., April 03, 2026.

Promoter and Promoter Group Composition

The declaration covers the following individuals, as defined under Regulation 2(1)(g) of the SEBI SAST Regulations:

S. No.: Name
Promoter
1. Ishari Kadhirvelan Ganesh
Promoter Group
2. Isari Ganesh Arthi
3. Kadhirvelan Ganesh Kushmitha
4. Ganesh Preethaa
5. Nithya Kalyani J
6. Kamala Kannan Ashwin Kumar

Regulatory Context

This disclosure is made pursuant to Regulation 31(4) of the SEBI SAST Regulations, which requires promoters and members of the promoter group of listed companies to submit an annual declaration confirming the encumbrance status of their shareholding. The filing was addressed to the National Stock Exchange of India Limited and to the Members of the Audit Committee of Vels Film International Limited at its registered office in Chennai.

Historical Stock Returns for Vels Film International

1 Day5 Days1 Month6 Months1 Year5 Years
+2.44%0.0%+21.99%+23.53%-15.42%-28.40%

How might Vels Film International's clean encumbrance record influence its ability to raise capital or attract institutional investors in the upcoming fiscal year?

Are there any planned expansion projects or acquisitions by Vels Film International that could potentially lead to promoters pledging shares as collateral in the near future?

How does Vels Film International's promoter shareholding pattern compare to industry peers in the Indian film and entertainment sector, and what does this mean for corporate governance?

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