Chemcon Speciality Chemicals Reports Promoter Group Share Transfer
Naresh Vijaykumar Goyal, a promoter of Chemcon Speciality Chemicals, has acquired a 17.01% stake through a gift transfer from fellow promoters Navdeep Naresh Goyal and Shubharangana Naresh Goyal. The transaction involved 62,33,500 equity shares, increasing Naresh Vijaykumar Goyal's shareholding from 8.29% to 25.30%, while reducing the transferors' combined stake from 23.50% to 6.48%. This inter-se transfer within the promoter group does not change the overall promoter holding in the company.

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Promoter Shareholding Shift in Chemcon Speciality Chemicals
Chemcon Speciality Chemicals Limited, a specialty chemicals manufacturer, has witnessed a significant change in its promoter shareholding structure. Naresh Vijaykumar Goyal, a member of the company's promoter group, has acquired a substantial stake through a gift transfer from fellow promoters.
Key Details of the Transaction
| Aspect | Details |
|---|---|
| Acquirer | Naresh Vijaykumar Goyal |
| Transferors | Navdeep Naresh Goyal and Shubharangana Naresh Goyal |
| Shares Acquired | 62,33,500 equity shares |
| Mode of Acquisition | Gift |
Impact on Shareholding
| Shareholder | Before Transaction | After Transaction |
|---|---|---|
| Naresh Vijaykumar Goyal | 8.29% | 25.30% |
| Navdeep Naresh Goyal and Shubharangana Naresh Goyal | 23.50% | 6.48% |
Transaction Insights
Inter-se Transfer: This transaction is classified as an inter-se transfer among immediate relatives within the promoter group.
Shareholding Changes: Naresh Vijaykumar Goyal's stake has increased from 8.29% to 25.30%, while the combined holding of Navdeep Naresh Goyal and Shubharangana Naresh Goyal has decreased from 23.50% to 6.48%.
Transfer Method: The shares were transferred by way of gift, indicating a reorganization within the promoter family rather than a market transaction.
Regulatory Implications: As an inter-se transfer within the promoter group, this transaction is likely exempt from open offer requirements under SEBI regulations.
Investor Considerations
- The substantial increase in Naresh Vijaykumar Goyal's stake represents a significant consolidation of ownership within the promoter family.
- While the individual stakes have changed, the overall promoter group holding in Chemcon Speciality Chemicals remains unchanged.
- Investors should monitor for any potential changes in management strategy or corporate governance practices following this shareholding shift.
- As this is an internal transfer, it is unlikely to directly impact the stock's float or liquidity in the market.
Investors and market participants are advised to keep an eye on any further announcements from the company regarding this shareholding change and its potential implications for Chemcon Speciality Chemicals' future direction.
Historical Stock Returns for Chemcon Speciality Chemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.58% | +0.52% | -5.66% | +6.65% | -10.95% | -50.36% |


































