Neogen Chemicals Limited has informed the Exchange about disclosure received under regulation 10(6) of SEBI (SAST) Regulations, 2011.
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 a disclosure received from promoter Mr. Haridas Kanani regarding an inter-se transfer of 61,53,887 equity shares, representing 23.33% of the company's paid-up equity capital, from his joint demat account (held with Mrs. Beena Haridas Kanani, a promoter group member) to his individual demat account. The transfer was completed on April 11, 2025, through an off-market transaction at Nil consideration, and was prior intimated to stock exchanges on March 29, 2025. The transfer qualifies for exemption under Regulation 10(1)(a)(i) and (ii) of SEBI Takeover Regulations as it is an inter-se transfer within the promoter and promoter group. The aggregate shareholding of the promoter and promoter group remains unchanged before and after this transaction. Additionally, the note mentions earlier gift transfers: 13,38,250 shares to Dr. Harin Haridas Kanani on April 9, 2025, and 29,12,941 shares to Mrs. Beena Haridas Kanani on April 11, 2025.
This is a routine internal reshuffle of shareholding within the promoter family and does not change the total promoter stake in the company. There is no material impact on the stock price or minority shareholders as no new shares were bought or sold in the market.