Neogen Chemicals Limited has informed the Exchange regarding 'Disclosure under regulation 29(1) and 29(2) of SEBI SAST regulations'.
NEOGEN · price
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Neogen Chemicals Limited informed the exchanges about a disclosure under SEBI Takeover Regulations involving an inter-se transfer within the promoter group. Beena Haridas Kanani, a promoter group member, transferred 26,38,250 equity shares (constituting 10% of the paid-up equity share capital) to Beena Kanani Family Trust by way of a gift through an off-market transaction on December 31, 2025. Post-transfer, Beena Haridas Kanani's holding reduced from 11.42% (30,13,250 shares) to 1.42% (3,75,000 shares), while the Trust now holds 10% (26,38,250 shares) and will be classified as a promoter shareholder under an SEBI exemption order dated December 30, 2025. The aggregate promoter and promoter group holding in the company remains unchanged before and after the transaction.
This is a reshuffling of shares within the promoter family and does not change the total promoter group stake in the company, so there is no direct impact on the stock price. It signals internal succession or estate planning within the Kanani family, with a family trust now formally becoming part of the promoter group.