Neogen Chemicals Limited has informed the Exchange about Disclosure under regulation 10(7) of SEBI SAST Regulations, 2011 w.r.t inter se transfer of 6153887 equity shares of the Company held by Haridas Kanani in his Joint Demat account with Beena Kanani to his single / individual demat account.
NEOGEN · price
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Mr. Haridas Kanani, Promoter and Chairman & Managing Director of Neogen Chemicals, transferred 61,53,887 equity shares (23.33% of paid-up capital) from his joint demat account held with his wife Mrs. Beena Kanani (Promoter Group member) to his individual demat account on April 11, 2025. The transfer was done as an off-market transaction at Nil price, as it qualifies as an inter-se transfer within the Promoter and Promoter Group under Regulation 10(1)(a)(i) of the Takeover Regulations. The aggregate Promoter and Promoter Group holding in the company remains unchanged before and after this transfer. The required fees of Rs. 1,77,000 were paid to SEBI on May 3, 2025 along with the disclosure filing.
This is purely an internal re-organisation within the Promoter family accounts and does not change the total Promoter and Promoter Group shareholding in the company. There is no impact on the stock price or shareholder structure, as the beneficial ownership stays with the same promoter family.