Neogen Chemicals: Promoter group member gifts 10% stake to family trust
Neogen Chemicals Limited has announced an inter-se transfer of equity shares. Beena Haridas Kanani, a promoter group member, has gifted 26,38,250 equity shares, representing 10% of the company's paid-...
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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 an inter-se transfer within the promoter group and does not change the overall promoter holding. it is a disclosure of a gift transfer, hence neutral in sentiment.
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Neogen Chemicals: Promoter group member gifts 10% stake to family trust
January 2, 2026, 07:31 AM
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More Details on This News
Neogen Chemicals Limited has announced an inter-se transfer of equity shares. Beena Haridas Kanani, a promoter group member, has gifted 26,38,250 equity shares, representing 10% of the company's paid-up equity share capital, to the Beena Kanani Family Trust. This transaction was conducted via an off-market transfer on December 31, 2025.
The aggregate holding of the Promoter and Promoter group category remains unchanged before and after this transaction. The acquisition by the trust is pursuant to an exemption granted by SEBI under Regulation 11(5) of the SAST Regulations, as per exemption order no. WTM/KCV/CFD/17/2025-26 dated December 30, 2025. Prior to this acquisition, the Beena Kanani Family Trust was not classified as a promoter or promoter group entity.
The face value of each equity share is ₹10. The total paid-up equity share capital of Neogen Chemicals Limited before and after the disposal remains ₹26,38,16,740, comprising 2,63,81,674 equity shares.
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