Haridas Thakarshi Kanani has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
NEOGEN · price
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Awaiting price reaction for this filing.
Haridas Thakarshi Kanani, a member of the promoter group of Neogen Chemicals, has filed a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure relates to an acquisition of shares made in reliance on the exemption provided under Regulation 10, which typically covers inter se transfers among promoters or promoter group entities that are exempt from the open offer requirement. The specific details of the number of shares acquired and the transaction price are not mentioned in the headline itself.
This is largely a procedural compliance filing for a promoter-level share movement within the promoter group. It is unlikely to materially affect the stock price, though it confirms ongoing promoter activity and share consolidation within the promoter group.