Corporate Governance3 Nov 2026, 04:09 pm
Neogen Chemicals: Monitoring Agency Report for QIP Proceeds
AI Summary
Neogen Chemicals Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, concerning the utilization of proceeds from its Qualified Institutional Placement (QIP) of Rs. 600 crores. The report, issued by CRISIL Ratings Limited, confirms that there has been no deviation or variation in the utilization of funds raised through the QIP. The Audit Committee reviewed the report on October 31, 2026. The company has also uploaded this intimation on its website and the websites of the National Stock Exchange and BSE Limited.
Key Highlights
- Monitoring Agency Report submitted for QIP proceeds.
- Rs. 600 crores raised via QIP for utilization.
- CRISIL Ratings confirms no deviation in fund utilization.
- Report reviewed by Audit Committee.
- No deviation in utilization of QIP proceeds.
Price Impact
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