Neogen Chemicals Limited has informed the Exchange about General Updates- disclosure under regulation 10(7) SEBI SAST Regulations 2011 w.r.t. inter se transfer from Mr. Haridas Kanani to Dr. Harin Kanani.
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Neogen Chemicals has disclosed an inter-se promoter group share transfer under SEBI Takeover Regulations. Mr. Haridas Thakarshi Kanani (Promoter Chairman & MD, father) transferred 13,38,250 equity shares (5.07% of paid-up capital) to Dr. Harin Haridas Kanani (Promoter & MD, son) on April 9, 2025, by way of gift through an off-market transaction at Nil price. After the transfer, Dr. Harin Kanani's holding rose from 7.58% (20,00,000 shares) to 12.65% (33,38,250 shares), while Mr. Haridas Kanani's holding reduced from 39.44% to 34.37%. The total promoter and promoter group holding remains unchanged at 51.23%. The transfer is exempt from open offer under Regulation 10(1)(a)(ii) as both parties are immediate relatives and named promoters for over three years.
No impact on overall promoter group control or aggregate shareholding (remains 51.23%). This is a family reshuffle of shares within the Kanani promoter family with no change in company control or voting power, and is therefore neutral for shareholders.