Neogen Chemicals: Relative of Promoter Gifts 354 Shares to Brother
Mrs. Heena Hitesh Reshamwala gifted 354 equity shares of Neogen Chemicals to her brother-in-law, Mr. Viren Reshamwala, on August 25, 2026. This off-market transaction represents a small fraction of the company's paid-up capital. The disclosures were made under SEBI's insider trading regulations.
The transaction involves a very small number of shares and is a gift between relatives, with minimal impact on the company's overall shareholding structure or market perception.
The transaction involves a gift of shares between relatives and does not indicate any significant change in the company's financial performance or business operations. Therefore, the sentiment is neutral.
Neogen Chemicals Limited has disclosed a transaction involving an immediate relative of Mr. Hitesh Reshamwala. Mrs. Heena Hitesh Reshamwala, wife of Mr. Hitesh Reshamwala, has gifted 354 equity shares, representing approximately 0.001% of the company's paid-up capital, to Mr. Viren Reshamwala, who is the brother of Mr. Hitesh Reshamwala. This transaction was conducted as an off-market gift and was executed on August 25, 2026.
The disclosure was made pursuant to Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Mrs. Heena Hitesh Reshamwala held 6,173 shares prior to this transaction. Post the gift, Mr. Viren Reshamwala's holding increased to approximately 0.003% of the company's share capital, with 854 equity shares. The closing price of Neogen Chemicals on the NSE as of August 18, 2026, was ₹2,328.50. The disclosures were submitted by both parties within the prescribed timelines.
A plain-language summary of a public exchange filing by Neogen Chemicals Limited. Read the original for the full detail.