Exemption order in the matter of Neogen Chemicals Ltd.
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What is this order about?
This order concerns an exemption request by family trusts seeking to avoid SEBI's takeover regulations for a proposed share transfer within the Kanani family, which SEBI granted based on the family's internal reorganization.
Who it concerns
Haridas Kanani Family Trust, Beena Kanani Family Trust, Harin Kanani Family Trust, H T Kanani Family Trust
What was found or directed
- Exemption from SAST Regulations 2011 provisions
- Proposed acquisition of 41.90% shareholding
- No change in control or management
- No change in public shareholding
- Compliance with SEBI Master Circular conditions
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/KCV/CFD/17/2025-26 |
| Status | closed (section: order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
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Documents
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Order
2025-12-30
eo_neogen_chemicals.pdf
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