Veto Switchgears promoter shares free from encumbrance in FY26
Veto Switchgears & Cables Ltd disclosed that its promoters held 1,91,14,955 equity shares free from encumbrance as on March 31, 2026. The filing, submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms no shares were pledged or encumbered during the financial year ended March 31, 2026. The promoter group collectively held 45.06% of the total shares.
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Veto Switchgears & Cables Ltd has declared that all promoter shares are free from encumbrance for the financial year ended March 31, 2026. The disclosure confirms that the promoters held 1,91,14,955 equity shares, and none of these shares were pledged or encumbered directly or indirectly during the period. This declaration was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The filing details the shareholding of the promoter and persons acting in concert with them as on March 31, 2026. The promoter group collectively holds 45.06% of the company's total equity share capital. Veto Electropowers (India) Private Limited is the largest shareholder within the promoter group, holding 32.28% of the total shares.
The following table outlines the individual shareholding of the promoter group:
| Name of the promoter and persons acting in concert | Number of Shares | % of shares w.r.t total shares |
|---|---|---|
| Kishore Kumar Gurnani | 55000 | 0.29 |
| Pushpa Devi Gurnani | 284744 | 1.49 |
| Narain Das Gurnani | 13200 | 0.07 |
| Sitadevi Gurnani | 15000 | 0.08 |
| Mukesh Gurnani | 6600 | 0.03 |
| Akshay Kumar Gurnani | 688722 | 3.60 |
| Rohit Gurnani | 232985 | 1.22 |
| Kanishk Kishore Gurnani | 411985 | 2.16 |
| Veto Electropowers (India) Private Limited | 6170704 | 32.28 |
| Harish Kumar Gurnani | 733333 | 3.84 |
| Total | 8612273 | 45.06 |
The declaration was submitted to BSE Limited and the National Stock Exchange of India Ltd on April 6, 2026. Akshay Kumar Gurnani signed the disclosure on behalf of all promoters of the company.
Historical Stock Returns for Veto Switchgear Cable
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.70% | -9.92% | +10.44% | +7.55% | -1.09% | -2.94% |
Will the removal of encumbrances lead to increased promoter buying or a reduction in stake in the near future?
How might this clean shareholding status impact Veto Switchgears' ability to secure future corporate debt?
Does this declaration signal a strategic shift or preparation for potential mergers and acquisitions?
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