In an interesting turn within Neogen Chemicals’ promoter circle, Dr. Harin Haridas Kanani, one of the key promoters of the company, has received a significant gift—13,38,250 equity shares—from fellow promoter Mr. Haridas Thakarshi Kanani.

This wasn’t a market transaction or a business deal. Instead, it was a personal, off-market transfer done as a gift on April 9, 2025. With this, Dr. Harin Kanani’s shareholding in Neogen Chemicals has grown from 7.58% to 12.65%, making him a more prominent stakeholder in the company’s journey.

For context, Neogen Chemicals is a well-known name in the specialty chemicals space, with its shares listed on both the BSE and NSE. The total number of equity shares in the company remains unchanged at 2.63 crore, with no change in overall capital or any new issuance. What has changed is the share distribution within the promoter family.

Such inter-se promoter transfers—especially by way of a gift—aren’t too common in the fast-paced corporate world, and they often speak volumes about the trust, alignment, and long-term vision shared within a promoter group.

While this transfer didn’t involve any cash flow or market participation, it was formally reported under SEBI’s takeover regulations, showing complete transparency in the process.

So what does this mean for the company?

In short—stability. The move reinforces that Neogen Chemicals continues to be guided by a strong, united promoter team, aligned in their vision for growth. As the company continues to expand in the specialty chemicals segment, such internal trust and ownership consolidation could pave the way for more focused leadership and sharper execution.

Let’s see how this trusted handover translates into strategic decisions and growth momentum in the months ahead.

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