Specialty Chemicals
Acquisitions1 April 2026 at 04:30 am

Neogen Chemicals Ltd Promoter Dr. Harin Haridas Kanani Discloses Pledge of Shares Under SAST Regulations

AI Summary

On March 30, 2026, Neogen Chemicals Ltd promoter Dr. Harin Haridas Kanani disclosed a pledge of shares under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ('SAST Regulations') to National Stock Exchange of India Limited and BSE Limited. The pledge is facilitating borrowing or raising of funds by Cadamba Solutions Private Limited, a promoter group entity of the company. Dr. Harin Haridas Kanani holds 20.00% of the total diluted capital of Neogen Chemicals Limited, out of which 20.00% is encumbered. The shares are pledged to Trust (Trustees: Beena Haridas Kanani and Harin Haridas Kanani), H T Kanani Family Trust (Trustees: Haridas Thakarshi Kanani and Harin Haridas Kanani), Haridas Thakarshi Kanani, Bharatkumar Reshamwala, Amritlal Thakarsi Kanani, Arun Krishnalal Gandhi, Rashmikant Krishnalal Gandhi, Beena Kanani Family, Hargovind Kanani, Harin Kanani, Mihika Kanani, Pallika Haridas anani, Cadamba Solutions pia Limited, and other entities.

Key Highlights

  • Neogen Chemicals Ltd promoter Dr. Harin Haridas Kanani disclosed a pledge of shares under Regulation 31 of SAST Regulations.
  • The pledge is facilitating borrowing or raising of funds by Cadamba Solutions Private Limited, a promoter group entity of the company.
  • Dr. Harin Haridas Kanani holds 20.00% of the total diluted capital of Neogen Chemicals Limited.
  • Out of 20.00% shareholding, 20.00% is encumbered.
  • The shares are pledged to various trusts and entities.