The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Haridas Kanani Family Trust
NEOGEN · price
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Haridas Kanani Family Trust acquired 52,76,500 equity shares (20% of paid-up capital) of Neogen Chemicals from promoter Haridas Thakarshi Kanani via a gift (off-market inter-se transfer) on December 31, 2025. SEBI granted an exemption under Regulation 11(5) of SAST Regulations for this transaction. Post-transfer, Haridas Kanani Family Trust is classified as a promoter shareholder holding 20%, while Haridas Thakarshi Kanani holds 8,77,387 shares (3.33%). The aggregate promoter and promoter group holding remains unchanged at 61,53,887 shares (23.33%) of the company.
This is a passive internal restructuring within the promoter family — shares moved from an individual to a family trust, so total promoter control and voting power stay the same. No change in the company's fundamentals or floating supply, so retail shareholders should not expect any impact on stock price.