Promoter Gifts 175,000 Shares of Veto Switchgears and Cables Ltd to Family Member
Veto Switchgears and Cables Ltd announced a share transfer involving its promoter group. Mr. Kanishk Kishore Gurnani transferred 175,000 equity shares of the company to Mrs. Priyanka Kishore Gurnani.The transaction occurred on June 1, 2026. The transfer was executed as a gift and involved no monetary consideration. This move represents a change in shareholding between two promoter/shareholders within the group.
The transfer of the equity shares took place in dematerialized form through an off-market transaction.
Details of the share transfer are as follows:
| Shareholder Transferring | Recipient | Number of Shares | Transaction Type |
|---|---|---|---|
| Mr. Kanishk Kishore Gurnani (Promoter/Shareholder) | Mrs. Priyanka Kishore Gurnani (Promoter/Shareholder) | 175,000 | Gift |
The company noted that the change in shareholding resulting from this transaction will be reflected in subsequent filings.
VETO Stock Price Movement
Veto Switchgears and Cables Limited stock sheds 0.37% as of 2:58 PM, trading down to ₹122.28 in the live market session. The equity is currently ranging between a day low of ₹120.6 and a high mark at ₹125.59.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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