Neogen Chemicals: Promoter Gifts 62.8 Lakh Shares to Family Trusts
Neogen Chemicals Limited has announced a significant transaction involving its Promoter and Chairman Emeritus, Haridas Thakarshi Kanani. On December 31, 2025, Mr. Kanani gifted a total of 62,80,500 eq...
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Why is Neogen Chemicals Limited in the news today?
Neogen Chemicals Limited (NEOGEN) is in the news due to the transaction involves a gift of shares from a promoter to family trusts, which is an internal restructuring within the promoter group and does not inherently indicate a positive or negative change in the company's business or financial performance.
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Neogen Chemicals: Promoter Gifts 62.8 Lakh Shares to Family Trusts
January 2, 2026, 08:28 AM
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Neogen Chemicals Limited has announced a significant transaction involving its Promoter and Chairman Emeritus, Haridas Thakarshi Kanani. On December 31, 2025, Mr. Kanani gifted a total of 62,80,500 equity shares of the company through off-market transactions.
These shares, representing approximately 23.72% of the company's paid-up capital, were transferred to two family trusts: Haridas Kanani Family Trust and H T Kanani Family Trust. The disclosure was made pursuant to Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The transaction falls under inter-se transfer within the promoter group.
Haridas Kanani Family Trust acquired 52,76,500 equity shares, while H T Kanani Family Trust acquired 5,02,000 equity shares. Both trusts are to be classified as Promoter shareholders post-acquisition, following a SEBI Exemption Order dated December 30, 2025. The market price as of December 30, 2025, was ₹1,163.20 per share.
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