The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Haridas Thakarshi Kanani with Beena Kanani
NEOGEN · price
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Haridas Thakarshi Kanani, a promoter of Neogen Chemicals, transferred 61,53,887 equity shares (23.33% of paid-up capital) from his joint demat account held with Beena Kanani (Promoter Group member) to his individual demat account via an off-market inter-se transfer on April 11, 2025. The company has 2,63,81,674 equity shares of face value Rs. 10 each as paid-up capital. This is a routine reshuffling within the promoter family's demat accounts — no change in total promoter group ownership or voting power. The disclosure was filed under SEBI Takeover Regulations on April 15, 2025.
This is purely an internal administrative reorganisation of the promoter's holdings and has no impact on the promoter group's total shareholding or the company's capital structure. No material effect expected on the stock price or minority shareholders.