Neogen Chemicals Limited — Others, 15-04-2025: Disclosure under SEBI Takeover Regulations

Haridas Thakarshi Kanani, a promoter of Neogen Chemicals Limited, has submitted a disclosure regarding the transfer of 61,53,887 equity shares, constituting 23.33% of the paid-up equity capital, from his joint demat account with Beena Haridas Kanani to his individual demat account. This off-market transaction falls under the exemptions as per the Takeover Regulations. The total promoter group shareholding remains unchanged post-transaction. This internal transfer clarifies the ownership structure within the promoter group, reinforcing a strong control framework. Investors may view this as a positive indication of stable governance and alignment among key stakeholders.