Neogen Chemicals Limited has informed the Exchange about General Updates
NEOGEN · price
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Awaiting price reaction for this filing.
Haridas Thakarshi Kanani, Promoter and Chairman Emeritus of Neogen Chemicals, transferred 57,78,500 equity shares (21.90% of paid-up capital) on December 31, 2025, by way of a gift through an off-market inter-se transfer. The shares were received by two family trusts — Haridas Kanani Family Trust (52,76,500 shares, ~20%) and H T Kanani Family Trust (5,02,000 shares, ~1.90%). As a result, his personal holding fell from 23.33% (61,53,887 shares) to 1.42% (3,75,387 shares). Both trusts will be classified as promoter/promoter group shareholders under a SEBI Exemption Order dated December 30, 2025. The reference share price was Rs. 1,163.20 (NSE close on Dec 30, 2025), implying the transferred holding is worth roughly Rs. 672 crore.
This is an internal promoter family reorganisation, not an open-market sale, so effective promoter control remains unchanged. Short-term share price impact should be limited since the shares remain within the promoter group.