Neogen Chemicals Limited — Others, 01-04-2025: Disclosure under SEBI Takeover Regulations

Dr. Harin Haridas Kanani, Promoter of Neogen Chemicals Limited, has submitted a prior intimation regarding the proposed acquisition of 1,338,250 equity shares (5.07% of the paid-up equity capital) held by Mr. Haridas Thakarshi Kanani, through a gift in an off-market transaction. This transfer maintains the overall promoter group shareholding structure. The acquisition is set to occur on or after 07-04-2025. This inter-se transfer, being a zero-cost transaction, underscores a strategic alignment within the promoter group. Investors may find this a positive outlook, reflecting organizational cohesion and enhanced governance.