Neogen Chemicals: Promoter group member gifts 10% stake to family trust
Neogen Chemicals Limited has announced an inter-se transfer of equity shares within the promoter group. Beena Haridas Kanani, a promoter group member, has gifted 26,38,250 equity shares, representing ...
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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 is an inter-se transfer within the promoter group and does not change the overall promoter holding, hence it is considered neutral.
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Neogen Chemicals: Promoter group member gifts 10% stake to family trust
January 2, 2026, 08:34 AM
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Neogen Chemicals Limited has announced an inter-se transfer of equity shares within the promoter group. 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 took place on December 31, 2025, via an off-market transfer.
The aggregate holding of the promoter and promoter group category remains unchanged before and after this transaction. The acquisition by the Beena Kanani Family Trust is pursuant to an exemption granted by SEBI under Regulation 11(5) of the SAST Regulations, as per their exemption order dated December 30, 2025. The disclosures were made in compliance with Regulation 29(2) and 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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