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

Neogen Chemicals Ltd has approved the issuance of 10,00,000 Equity Shares of face value of Rs. 10/- each at a price of Rs. 1,610 per Equity Share including a premium of Rs. 1,600 per Equity Share, aggregating to Rs. 1,61,00,00,000 on a preferential basis. The decision was made at the Board of Directors meeting held on March 7, 2026. The issuance is subject to the approval of the Members of the Company and statutory and regulatory approvals including SEBI approval. The company will convene an Extra Ordinary General Meeting (EGM) of the Members on March 29, 2026, for seeking their approval for the Preferential Issue.