Neogen Chemicals promoter acquires shares via gift transaction

Neogen Chemicals announced today that Dr. Harin Haridas Kanani, a Promoter and Managing Director of the company, received a disclosure under Regulation 10(6) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure pertains to an acquisition of 1,338,250 equity shares, constituting 5.07% of the company's paid-up equity capital. These shares were acquired via a gift from Mr. Haridas Thakarshi Kanani, also a Promoter of Neogen Chemicals. The transaction qualifies as an inter-se transfer within the Promoter group and is exempt under Regulation 10(1)(a)(ii) of the Takeover Regulations. The company confirmed that the aggregate holding of the Promoter and Promoter group remains unchanged after the transaction. Dr. Harin Haridas Kanani confirmed that BSE:NEOGEN shares traded for INR 26,38,16,740 with a face value of INR 10 before and after the acquisition. All disclosures have been made to the BSE and National Stock Exchange of India Limited.