Neogen Chemicals Limited has informed the Exchange about General Updates- disclosure under regulation 10(7) of SEBI SAST Regulations, 2011 with respect to inter se transfer from Mr. Haridas Kanani to Mrs. Beena Haridas Kanani
NEOGEN · price
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Mr. Haridas Thakarshi Kanani, Chairman & Managing Director and Promoter of Neogen Chemicals, transferred 29,12,941 equity shares (11.04% of paid-up equity capital) to his wife Mrs. Beena Haridas Kanani, a Promoter Group Member, by way of gift through an off-market transaction on April 11, 2025. Post-transfer, Mr. Haridas Kanani's holding fell from 34.37% to 23.33%, while Mrs. Beena Kanani's holding rose from 0.38% to 11.42%. The aggregate promoter and promoter group holding remains unchanged at 51.23%. The transfer qualifies for exemption under Regulation 10(1)(a)(ii) of SEBI SAST Regulations, 2011 as an inter-se transfer among immediate relatives, with no open offer obligation triggered. SEBI filing fees of ₹1,77,000 were paid on May 2, 2025.
This is a purely internal family reshuffle with no change in overall promoter control, voting power, or public float, so it has no material impact on shareholders or the stock price. No cash transaction occurred since the transfer was by way of gift.