Neogen Chemicals: Promoter Group Member Gifts 2.63 Cr Shares (10%) to Family Trust
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 transfer within the promoter group and does not immediately indicate a change in fundamental business operations or financial performance. therefore, the sentiment is neutral.
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Neogen Chemicals: Promoter Group Member Gifts 2.63 Cr Shares (10%) to Family Trust
January 2, 2026, 07:33 AM
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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. This transaction was conducted via an off-market trade on December 31, 2025.
The disclosure has been made pursuant to Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Both Beena Haridas Kanani and the Beena Kanani Family Trust have submitted the necessary disclosures and undertakings within the prescribed timelines.
The Beena Kanani Family Trust, post-acquisition, will be classified as a Promoter shareholder, following an exemption order from SEBI dated December 30, 2025. The market price as of December 30, 2025, was ₹1,163.20 per share.
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