Neogen Chemicals Ltd. Approves Issue of 1000000 Equity Shares on Preferential Basis

Neogen Chemicals Ltd. announced the outcome of their board meeting, which approved the issuance of 1000000 equity shares on a preferential basis. The shares, with a face value of Rs. 10 each, will be issued at a price of Rs. 1,610 per share, including a premium of Rs. 1,600 per share. The total amount for this preferential issue is Rs. 161,00,00,000. The board also approved the convening of an Extra Ordinary General Meeting (EGM) for the members' approval. The record date for deciding eligibility of members for remote e-voting and attending the EGM is March 20, 2026.