The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 13, 2026 for Dr. Harin Haridas Kanani
NEOGEN · price
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Dr. Harin Haridas Kanani, a promoter of Neogen Chemicals Limited, has created a pledge on 20,19,167 equity shares constituting 7.65% of his holding (and 1.31% of total share capital). The pledge was created on April 13, 2026, in favour of Axis Trustee Services Limited. The stated purpose is to facilitate borrowing or raising of funds by Cadamba Solutions Private Limited, which is a promoter group member of the company. This is a routine disclosure under SAST regulations for encumbrance of promoter shares.
This pledge by a promoter to raise funds for a promoter group entity is a standard corporate activity. The pledge of 7.65% of the promoter's stake (1.31% of total capital) is relatively modest and should not materially impact the stock unless combined with other concerns about the borrower's financial health.