Neogen Chemicals Limited — Others, 11-04-2025: Disclosure under SEBI Takeover Regulations

Dr. Harin Haridas Kanani, Promoter of Neogen Chemicals Limited, has submitted a disclosure regarding the acquisition of 1,338,250 equity shares, representing 5.07% of the company's paid-up equity capital, from Mr. Haridas Thakarshi Kanani as a gift through an off-market transaction. This inter-se transfer maintains the same aggregate holding for the Promoter and Promoter Group. The strategic move is exempt from open offer requirements under SEBI regulations, ensuring continuity in governance. Investors may view this development positively, as it reinforces promoter confidence and stability within the company.