TAL Daiichi Life Australia Voting Power in Environmental Group Falls to 6.85% as of 9 November 2026

Anjali Anand

11 November 2026 04:43 PM AEDT

TAL Daiichi Life Australia Voting Power in Environmental Group Falls to 6.85% as of 9 November 2026

Image Source: Krish Capital Pty Ltd

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Environmental Group Ltd (ASX:EGL) has received a notice of change of interests of substantial holder from TAL Daiichi Life Australia Pty Ltd and its associates, disclosing that the group's voting power in the company declined from 8.97% to 6.85%, based on 380,497,795 shares on issue, with the change recorded on 9 November 2026.

Key Points

TAL Daiichi Life Australia Pty Ltd and its associates' voting power in EGL moved from 8.97% (34,132,905 votes) to 6.85% (26,070,327 votes), based on 380,497,795 shares on issue.
The relevant interest arises under section 608(3)(a) of the Corporations Act 2001, through the group's relevant interest in Challenger Limited, in which the Relevant Parties hold voting power above 20%.
The previous substantial holder notice was given to the company on 19 May 2026.
Present relevant interests are held across three registered holders: HSBC Custody Nominees (7,136,221 shares), Citicorp Nominees Pty Limited (7,511,397 shares), and J.P. Morgan Nominees Australia Pty Limited (11,422,709 shares).

Change of Interests Recorded on 9 November 2026

According to the filing, the change in the interests of the substantial holder occurred on 9 November 2026. The Relevant Parties — comprising TAL Daiichi Life Australia Pty Ltd, Daiichi Life Group Inc, and Daiichi's controlled entities — previously held 34,132,905 votes, equating to 8.97% voting power. Their present holding stands at 26,070,327 votes, representing 6.85% of voting power, with both figures calculated on the basis of 380,497,795 fully paid ordinary shares on issue. The notice was signed by John Remedios in his capacity as Company Secretary and dated 11 November 2026.

Relevant Interest Held Through Challenger Limited

The filing states that the Relevant Parties' relevant interest in Environmental Group shares arises under section 608(3)(a) of the Corporations Act 2001, being a relevant interest held through a body corporate, Challenger Limited, in which the Relevant Parties' voting power is above 20%. The Relevant Parties other than TAL are described as associates of and/or controlling TAL. The filing directs readers to a notice of change of interests provided to the company by Challenger Limited, dated 11 November 2026, for further particulars regarding changes in Challenger's relevant interest in shares. No consideration was given in relation to the change by the Relevant Parties directly.

Present Relevant Interests Across Three Registered Holders

The filing sets out the current distribution of the Relevant Parties' deemed relevant interest across three registered holders. HSBC Custody Nominees (Australia) Limited holds 7,136,221 shares, Citicorp Nominees Pty Limited holds 7,511,397 shares, and J.P. Morgan Nominees Australia Pty Limited holds 11,422,709 shares. The Relevant Parties are listed as the holder of the relevant interest in each case, with HSBC Custody Nominees, Citicorp Nominees, and J.P. Morgan Nominees each identified as both the registered holder and the person entitled to be registered as holder. No changes in association were disclosed in the filing.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.