Alpha Tribe

Neogen Chemicals LimitedImportant, 11-04-2025: General Updates

11-04-2025 · 08:06 pm

An inter-se transfer of 29,12,941 equity shares, constituting 11.04% of Neogen Chemicals Limited's paid-up capital, took place between Promoter Haridas Thakarshi Kanani and Beena Haridas Kanani, a member of the Promoter Group. The shares were transferred as a gift through an off-market transaction, resulting in no change in the overall holding of the Promoter and Promoter Group. Post-transaction, Beena’s stake increased to 30,13,250 shares (11.42%), while Haridas's stake decreased significantly. This strategic move reflects internal restructuring within the Promoter Group but does not alter the company's operational stability. Investors should closely monitor any further developments within the Promoter Group as they can influence shareholder sentiment and stock performance.

No comments yet. Be the first to comment!

All announcements from Neogen Chemicals Limited