Neogen Chemicals Approves QIP Closure at ₹2,255/Share

Neogen Chemicals Limited's Fund Raising Committee has approved the closure of its Qualified Institutional Placement (QIP) issue. The committee approved the issue price of ₹2,255 per equity share, including a premium of ₹2,245. Applications for 26,60,753 equity shares were received, with funds confirmed in the escrow account. The placement document has been adopted and allocation notes will be sent to eligible QIBs. The QIP opened on September 10, 2026, and this outcome was approved on September 16, 2026, following prior board and shareholder approvals.