The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
NEOGEN · price
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On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 1.3 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.
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Mrs. Beena Haridas Kanani, a Promoter Group Member and wife of Promoter Chairman & Managing Director Mr. Haridas Thakarshi Kanani, acquired 29,12,941 equity shares (11.04% of the paid-up equity capital) of Neogen Chemicals Limited by way of gift through an off-market transaction on April 11, 2025. The acquisition price was nil as it was a gift. After the transfer, Beena's holding rose from 0.38% (1,00,309 shares) to 11.42% (30,13,250 shares), while Haridas's holding fell from 34.37% to 23.33%. Because the transaction is an inter-se transfer among promoters (husband and wife), it is exempt under Regulation 10(1)(a)(ii) of SEBI SAST Regulations and no open offer obligation is triggered. The aggregate promoter and promoter group holding remains unchanged at 51.23% of the company. A non-refundable fee of ₹1,77,000 was paid to SEBI on May 2, 2025.
This is a routine internal reorganisation of promoter-family holdings and is neutral for shareholders — the total promoter stake stays the same, there is no cash transaction, and no open offer is triggered, so there should be no material impact on the stock price.