Investment7 Mar 2026, 04:12 pm
Neogen Chemicals Ltd. Approves Issue of 10,00,000 Equity Shares on Preferential Basis
AI Summary
Neogen Chemicals Ltd. announced the outcome of their Board meeting, which 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 on a preferential basis. The decision is subject to the approval of the Members of the Company and necessary approvals, including SEBI approval. The record date for deciding eligibility of members for remote e-voting and attending the EGM is Friday, March 20, 2026.
Key Highlights
- Issuance of 10,00,000 Equity Shares on a preferential basis at a price of Rs. 1,610 per share
- Subject to approval of Members of the Company and necessary approvals
- Record date for deciding eligibility of members for remote e-voting and attending the EGM is Friday, March 20, 2026
- Equity Shares to be locked in for a period of 18 months from the date of trading approval
- The entire pre-preferential shareholding of each of the Proposed Allottee shall be locked-in from the Relevant Date up to a period of 90 (ninety) trading days