Neogen Chemicals: Promoter Group Member Gifts 10% Stake (26.38 Lakh Shares)
Neogen Chemicals Limited has disclosed a significant transaction involving its promoter group. Beena Haridas Kanani, a Promoter Group Member, has gifted 26,38,250 equity shares, representing 10% of th...
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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 within the promoter group, which is a routine disclosure under insider trading regulations and does not inherently indicate a positive or negative outlook for the company's performance.
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Neogen Chemicals: Promoter Group Member Gifts 10% Stake (26.38 Lakh Shares)
January 2, 2026, 07:16 AM
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More Details on This News
Neogen Chemicals Limited has disclosed a significant transaction involving its promoter group. Beena Haridas Kanani, a Promoter Group Member, has gifted 26,38,250 equity shares, representing 10% of the company's paid-up capital, to the Beena Kanani Family Trust via an off-market transaction on December 31, 2025.
This transaction was conducted pursuant to Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosure includes undertakings and transaction details from both Beena Haridas Kanani and the Beena Kanani Family Trust. The Trust will be classified as a Promoter shareholder post-acquisition, following a SEBI Exemption Order dated December 30, 2025.
The proposed trading period for this transaction was from December 31, 2025, to January 8, 2026. The market price on December 30, 2025, was ₹1,163.20 per share. The company has received the necessary disclosures within the prescribed timelines.
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