Neogen Chemicals Promoter Discloses Pledge of 20.19 Lakh Shares

2 min read     Updated on 30 Apr 2026, 12:51 AM
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Naman SScanX News Team
AI Summary

Dr. Harin Haridas Kanani, promoter of Neogen Chemicals Limited, disclosed the pledge of 20,19,167 equity shares (7.65% of paid-up capital) to Axis Trustee Services Limited on April 13, 2026. The pledge facilitates borrowing by Cadamba Solutions Private Limited from Avendus Structured Credit Fund III. The revised disclosure was submitted to stock exchanges on April 29, 2026, under Regulation 31 of SEBI SAST Regulations.

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Dr. Harin Haridas Kanani, promoter of neogen chemicals , has submitted a revised disclosure to BSE Limited and National Stock Exchange of India Limited regarding the creation of a pledge on 20,19,167 equity shares. The pledged shares constitute 7.65% of the company's paid-up capital and were pledged in favor of Axis Trustee Services Limited on April 13, 2026.

Details of the Pledge

The disclosure was made under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The pledge was created to facilitate the borrowing or raising of funds by Cadamba Solutions Private Limited, a promoter group member of the company, from Avendus Structured Credit Fund III. The revised disclosure was submitted on April 29, 2026, following an email from BSE Limited dated April 27, 2026, regarding discrepancies in the earlier disclosure.

Promoter Holding and Encumbrance Details

The following table provides details of the promoter holdings and encumbrance as per the disclosure:

Promoter/PAC No. of Shares Held % of Total Share Capital % w.r.t Diluted Share Capital Shares Already Encumbered % of Total Share Capital Encumbered
Haridas Kanani Family Trust 52,76,500 20.00 20.00 - -
Harin Haridas Kanani 33,38,250 12.65 12.65 1,31,9,083 5%
Beena Kanani Family Trust 26,38,250 10.00 10.00 - -
H T Kanani Family Trust 5,02,000 1.90 1.90 - -
Haridas Thakarshi Kanani 3,75,387 1.42 1.42 - -
Beena Haridas Kanani 3,75,000 1.42 1.42 - -
Pallika Haridas Kanani 9,98,000 3.78 3.78 - -

Specific Encumbrance Event

The specific details of the encumbrance event for Dr. Harin Haridas Kanani are as follows:

Parameter Details
Type of Event Creation
Date of Creation 13-04-2026
Type of Encumbrance Pledge
No. of Shares Pledged 20,19,167
% of Total Share Capital Pledged 7.65%
Entity in Favor Axis Trustee Services Limited
Reason To facilitate borrowing by Cadamba Solutions Private Limited from Avendus Structured Credit Fund III

The disclosure was digitally signed by Dr. Harin Haridas Kanani on April 29, 2026, and addressed to the corporate services departments of both stock exchanges. A copy was also marked to Unnati Kanani, Company Secretary and Compliance Officer of Neogen Chemicals Limited.

Historical Stock Returns for Neogen Chemicals

1 Day5 Days1 Month6 Months1 Year5 Years
+2.44%+8.24%+45.49%+22.04%+17.99%+98.14%

What are Cadamba Solutions Private Limited's expansion plans that require this structured credit funding from Avendus?

How might this additional 7.65% pledge affect Neogen Chemicals' stock liquidity and institutional investor confidence?

Will the promoter group consider reducing their overall encumbrance levels if Neogen Chemicals' share price appreciates significantly?

Signpost India Files Regulatory Disclosure for Second 100 Days Saksham Niveshak Campaign

1 min read     Updated on 29 Apr 2026, 04:21 AM
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AI Summary

Signpost India Limited has filed a regulatory disclosure for the Second 100 Days Campaign 'Saksham Niveshak' scheduled from April 1, 2026 to July 9, 2026, following IEPFA directive. The campaign enables shareholders to update KYC details and claim unclaimed dividends through specific forms (ISR-1, ISR-2, SH-13, ISR-3) via physical or digital submission to KFIN Technologies Limited.

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Signpost India Limited has filed a regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the Second 100 Days Campaign - "Saksham Niveshak" scheduled from April 1, 2026 to July 9, 2026. The campaign follows a directive from the Investor's Education and Protection Fund Authority (IEPFA), Ministry of Corporate Affairs.

Campaign Objectives and Timeline

The IEPFA has requested companies to launch this initiative to enhance investor awareness by helping shareholders update their KYC details, contact information, and bank mandates. The campaign aims to facilitate direct payment of unclaimed and unpaid dividends to rightful shareholders before they get transferred to the Investor Education and Protection Fund (IEPF).

Campaign Parameters: Details
Duration: April 1, 2026 to July 9, 2026
Authority: IEPFA, Ministry of Corporate Affairs
Campaign Name: Second 100 Days Campaign 'Saksham Niveshak'

Shareholder Action Requirements

Shareholders whose dividends have remained unpaid or unclaimed, or those who are non-KYC compliant, are requested to update their details including PAN, email address, contact number, address, bank account details, specimen signature, and nomination. The company has designated KFIN Technologies Limited as the Registrar and Transfer Agent (RTA).

Document Submission Requirements

The company has outlined specific documentation requirements for shareholders to complete their KYC updates and claim unpaid dividends:

Required Forms: Details
Form ISR-1: Filled and signed, with self-attested KYC documents
Form ISR-2: Filled and signed, with banker's attestation of signature + original cancelled cheque or self-attested bank passbook/statement
Form SH-13: For adding a nominee
Form ISR-3: If opting out of nomination

Submission Procedures

Shareholders can submit their documents through multiple channels to ensure convenience and accessibility:

Physical Submission:

  • Send physical copies, self-attested and dated to KFIN Technologies Limited
  • Address: Selenium Tower B, Plot Nos. 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally Mandal, Hyderabad - 500032

Digital Submission:

Compliance and Benefits

The disclosure emphasizes the importance of timely action to prevent transfer of unclaimed dividends to IEPF and ensures shareholders receive their rightful dividends directly to their bank accounts. This regulatory initiative helps maintain updated shareholder records and facilitates seamless dividend distribution processes.

Historical Stock Returns for Neogen Chemicals

1 Day5 Days1 Month6 Months1 Year5 Years
+2.44%+8.24%+45.49%+22.04%+17.99%+98.14%

How might the success rate of this second campaign compare to the first 'Saksham Niveshak' initiative in terms of shareholder participation and dividend recovery?

What impact could widespread adoption of similar KYC update campaigns across listed companies have on the overall size of the IEPF corpus?

Will SEBI consider making such investor awareness campaigns mandatory for all listed companies with significant unclaimed dividend amounts?

More News on Neogen Chemicals

1 Year Returns:+17.99%