Neogen Chemicals Limited has informed the Exchange about General Updates
NEOGEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Neogen Chemicals informed the exchanges about an inter-se transfer within the promoter group, where Beena Haridas Kanani (Promoter Group Member) gifted 26,38,250 equity shares, representing 10% of the company's paid-up equity capital, to Beena Kanani Family Trust through an off-market transaction on December 31, 2025. The Trust, which was not previously a promoter entity, will be classified as a promoter shareholder post-acquisition, pursuant to a SEBI exemption order dated December 30, 2025 under Regulation 11(5) of the SAST Regulations. The total paid-up equity capital of the company remains unchanged at Rs. 26,38,16,740 (2,63,81,674 shares of Rs. 10 each). The aggregate promoter and promoter group holding remains unchanged at 11.42% (30,13,250 shares) before and after the transaction.
This is an internal restructuring of promoter family holdings with no change in total promoter group ownership, so there is no material impact on the stock price or minority shareholders. The transfer to a family trust is a common estate planning move and indicates continuity of promoter control within the Kanani family.