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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Promoter Haridas Thakarshi Kanani reported an inter-se transfer of 61,53,887 equity shares (23.33% of paid-up capital) of Neogen Chemicals from his joint demat account with Mrs. Beena Haridas Kanani to his individual demat account on April 11, 2025, via an off-market transaction. The transfer was executed at nil consideration and falls under the exemption provided by Regulation 10(1)(a)(i) of SEBI's Takeover Regulations for transfers among promoters. As a result, the aggregate shareholding of the Promoter and Promoter Group remains unchanged before and after the transaction. The acquirer paid SEBI fees of ₹1,77,000 and confirmed compliance with disclosure timelines under Regulations 10(5), 10(6), 29(2), and 31(4).
This is purely an internal restructuring of promoter holdings (joint to individual demat account), with no change in aggregate promoter ownership or any impact on public shareholders or stock price. No open offer obligation is triggered due to the exemption.