The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Axis Mutual Fund

Ownership Changes View source PDF Explain this filing

NEOGEN · price

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Price reactionminutes from the announcement price · days from the prior close

+1.1%Reaction day

₹1879.90

prior close

₹1907.00

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.0%+1.1% vs market

Specialty Chemicals peers, median of 94sector-0.5%+1.6% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.6 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-0.6

15m

-0.5

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1-0.0+1.1-0.5+1.6

Next day

+1.4-2.0+3.3-1.8+3.1

+3.2-0.1+3.3-1.4+4.6

+5.4-1.6+7.0-2.3+7.7

+7.6-2.7+10.3-2.9+10.6

+8.7+0.3+8.5-0.4+9.1

+11.0+2.6+8.4+0.1+10.8

15d

+0.2+4.2-4.0-0.6+0.8

+6.8+6.2+0.6+2.1+4.7

+7.0+8.6-1.6+2.6+4.4

+17.3+11.2+6.1+7.9+9.4

UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 94Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Axis Mutual Fund, through its schemes, sold 4,00,000 equity shares (1.46%) of Neogen Chemicals Ltd via open market on June 02, 2026. This reduced Axis MF's aggregate holding from 5.50% (15,05,406 shares) to 4.04% (11,05,406 shares) of the company's paid-up equity capital. The disposal was carried out entirely by the Axis Small Cap Fund scheme. The disclosure was filed because the cumulative disposal crossed the 2% reporting threshold under SEBI's Substantial Acquisition of Shares and Takeovers Regulations. Notably, Axis MF is not part of the promoter group of Neogen Chemicals.

Likely market impact

This is a meaningful stake reduction by a major domestic institutional investor, which may exert short-term pressure on the stock and could be viewed by retail investors as a signal of caution regarding near-term valuation. However, since this is portfolio rebalancing by a mutual fund (not promoter-related), it does not change the company's fundamental ownership structure.