Neogen Chemicals Limited has informed the Exchange about General Updates
NEOGEN · price
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Awaiting price reaction for this filing.
Promoter and Chairman Emeritus Haridas Thakarshi Kanani has transferred 57,78,500 equity shares (21.90% of paid-up capital) of Neogen Chemicals to two family trusts by way of gift through an off-market transaction on December 31, 2025. Of these, 52,76,500 shares (20.00%) went to Haridas Kanani Family Trust and 5,02,000 shares (1.90%) went to H T Kanani Family Trust. The transfer was carried out under a SEBI exemption order (WTM/KCV/CFD/17/2025-26 dated December 30, 2025) under Regulation 11(5) of the Takeover Regulations. The aggregate promoter and promoter group holding remains unchanged at 23.33% (61,53,887 shares); the trusts are now classified as promoter/promoter group entities.
This is an internal family succession/restructuring move and not an open-market sale, so there is no change in overall promoter control or voting power. The share price is unlikely to be negatively affected, as no promoter shares have left the promoter group.