Neogen Chemicals Limited has informed the Exchange regarding 'Disclosure under regulation 7(2) of PIT regulations'.
NEOGEN · price
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Awaiting price reaction for this filing.
Neogen Chemicals informed the exchanges that Beena Haridas Kanani, a Promoter Group member, transferred 26,38,250 equity shares (10% of paid-up capital) to the Beena Kanani Family Trust on December 31, 2025, by way of gift through an off-market inter-se transfer. The Beena Kanani Family Trust will be classified as a Promoter shareholder post-acquisition pursuant to an SEBI Exemption Order dated December 30, 2025. After the transfer, Beena Haridas Kanani holds 3,75,000 shares while the Trust holds 26,38,250 shares. The reference market price was Rs. 1,163.20 per share (NSE closing price on December 30, 2025). Since both entities are part of the promoter group, the overall promoter group shareholding in the company remains unchanged.
This is an internal restructuring within the promoter group rather than a change in promoter ownership of the company, so there is no impact on total promoter shareholding or voting control. Existing shareholders should not see any dilution or change in promoter influence; the event is largely administrative and compliance-driven.