Viviana Power Tech Limited has informed the National Stock Exchange of India Ltd. (NSE) about a change in the shareholding pattern of its promoter. Mrs. Priyanka Richi Choksi, who is a Promoter and Director of the company, has acquired 2,875 equity shares of the company through an open market transaction on March 25, 2025. This disclosure has been made in compliance with Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015, which mandates promoters and directors to disclose any change in their shareholding.

Prior to the acquisition, Mrs. Priyanka Richi Choksi held 1,04,496 equity shares, representing 1.66% of the company’s shareholding. With the addition of 2,875 shares, her total holding has increased to 1,07,371 equity shares, representing 1.71% of the company’s equity capital. The total value of this acquisition amounts to approximately ₹21,03,063.

Details of the Transaction:

• Name of Acquirer: Mrs. Priyanka Richi Choksi

• Category of Person: Promoter & Director

• PAN: BKDPP6551M

• Date of Transaction: March 25, 2025

• Mode of Acquisition: Open Market Transaction

• Number of Shares Acquired: 2,875 Equity Shares

• Value of Transaction: ₹21,03,063

• Updated Shareholding: 1,07,371 Equity Shares

• Percentage of Post-Acquisition Holding: 1.71%

The company has submitted Form C to the NSE, which contains detailed information about the change in shareholding. The submission of this disclosure aligns with SEBI's guidelines that mandate continual disclosure of insider trading activity to ensure transparency and prevent any misuse of insider information.

Significance of the Transaction:

The acquisition by Mrs. Priyanka Richi Choksi signifies increased confidence of the promoter group in the company’s growth potential. Open market acquisitions by promoters are often seen as a positive indicator by investors, reflecting the management's belief in the future performance of the company. Such acquisitions are expected to create a positive sentiment in the market and may boost investor confidence.

Regulatory Compliance:

The acquisition has been duly reported under Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015, which requires promoters, directors, and other key managerial personnel to disclose any change in their holding of securities of the company. The regulation aims to ensure fairness, transparency, and prevention of insider trading in the capital markets.

Mode of Disclosure:

The disclosure was submitted by Kavaljit Nishant Parmar, Company Secretary, who holds Membership Number ACS 53248. The document has been digitally signed and submitted to the exchange for public record.

Additional Information:

As per the disclosure, no trading in derivatives such as futures or options was conducted by Mrs. Priyanka Richi Choksi during this period. The acquisition was purely in the form of equity shares.

Company’s Background:

Viviana Power Tech Limited is engaged in EPC projects of power transmission and distribution up to 400KV systems. The company is known for delivering high-quality services and contributing to the nation’s electrification goals. With its registered office located at 313-315, Orchid Plaza, Sama Savli Road, Vadodara, Gujarat, the company has a strong presence in the power infrastructure sector.

Impact on Stakeholders:

This acquisition reflects promoter confidence and is expected to have a positive impact on the market perception of the company. Investors and stakeholders are likely to view this development as a sign of stability and growth, which may lead to enhanced interest in the company’s stock.

Conclusion:

The acquisition of shares by Mrs. Priyanka Richi Choksi is a significant development for Viviana Power Tech Limited. The disclosure submitted under SEBI regulations ensures that the company maintains transparency and compliance with the regulatory framework. Market participants are encouraged to stay updated with future announcements and disclosures from the company. The company remains committed to maintaining high standards of corporate governance and delivering value to its stakeholders.

The Upcoming IPOs in this week and coming weeks are Arisinfra Solutions Limited, Identixweb Limited, Retaggio Industries Limited, Infonative Solutions Limited.

The Current active IPO are ATC Energies System Limited, Shri Ahimsa Naturals Limited, Desco Infratech Limited, Rapid Fleet Management Services, Active Infrastructures Limited.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.