Chemcon promoter group member to acquire 17% stake via gift

Naresh Vijaykumar Goyal, a member of the promoter group of Chemcon Speciality Chemicals Limited, has submitted a prior intimation under SEBI regulations. He proposes to acquire 6,233,500 equity shares, representing 17.0171% of the total paid-up equity share capital, by way of gift.

The shares will be acquired from Navdeep Naresh Goyal and Shubharangana Naresh Goyal, both of whom are also promoters and qualify as "immediate relatives" of Naresh Vijaykumar Goyal. This inter-se transfer is exempted from the obligation to make an open offer and no consideration is involved, as it will be executed via a gift deed. The proposed acquisition is expected to take place on or after December 1, 2025.

Before the transaction, Naresh Vijaykumar Goyal held 3,035,826 shares (8.2877%), while Navdeep Naresh Goyal held 86,081,666 shares (23.4998%). Following the acquisition, Naresh Vijaykumar Goyal's holding will increase to 9,269,326 shares (25.3048%), and Navdeep Naresh Goyal's holding will decrease to 2,374,666 shares (6.4827%). The aggregate holding of the promoter and promoter group will remain unchanged.