The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Haridas Kanani with Beena Kanani
NEOGEN · price
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Awaiting price reaction for this filing.
Promoter Haridas Thakarshi Kanani has disclosed an off-market inter-se transfer of 61,53,887 equity shares (23.33% of paid-up capital) of Neogen Chemicals from his joint demat account with wife Beena Kanani (Promoter Group member) into his individual demat account. The transaction took place on April 11, 2025 and was reported to the exchanges on April 15, 2025. This is purely an internal reshuffling between demat accounts of the same individual and does not involve any change in beneficial ownership or any third party. Total paid-up equity capital of the company stands at Rs. 26.38 crore (2,63,81,674 shares of Rs. 10 face value) both before and after the transfer. No market sale or purchase has occurred, and the promoter's economic stake in the company remains unchanged.
No material impact on shareholders or stock price — this is an administrative transfer within the promoter family that changes only the demat account structure, not the actual ownership or control of the company.