NSEAction(s) taken or orders passed5h ago · 6 Sept 2026, 02:14 pm
Action(s) taken or orders passed
Neogen Chemicals Limited · NEOGEN
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Neogen Chemicals Limited has received a show cause cum demand notice from the Office of the Commissioner CGST and Central Excise Commissionerate, Belapur, for a consolidated tax demand of Rs. 6,97,08,028/- crore, comprising of applicable interest and penalty, for the financial year 2022-23.
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Full Announcement
Neogen Chemicals Limited has informed the Exchange about receipt of show cause cum demand notice from the Office of the Commissioner CGST and Central Excise Commissionerate, Belapur.
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September 6, 2026
BSE Limited National Stock Exchange of India Limited
Department of Corporate Services Listing Department, Exchange Plaza,
Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra Kurla Complex, Bandra (East),
Mumbai 400 001 Mumbai – 400 051
Scrip Code No: 542665 Company Symbol: NEOGEN
Debt Segment Code: 977028
Sub: Disclosure under Regulation 30 and 51(2) read with Schedule III of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“Listing Regulations”).
Dear Sir/Madam,
In terms of regulation 30 and 51(2) read with Schedule III of Listing Regulations, this is to inform you that the
Company has received show cause cum demand notice on September 5, 2026, from the Office of the
Commissioner CGST and Central Excise Commissionerate, Belapur (“adjudicating authority”) dated August 24,
2026, with reference no. F. No. CGST/Bel-IV/R-IV/Scrutiny (2022-23)/118/2026-27 (“Notice”).
The details required under regulation 30 of Listing Regulations read with SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as amended from time to time, are
provided in Annexure A enclosed herewith.
The above information is also being uploaded on the Company’s website at
https://neogenchem.com/announcements/ > under head ‘Other Disclosure pursuant to regulation 30’.
Kindly take the above information on your records.
Yours faithfully,
For Neogen Chemicals Limited
Unnati Kanani
Company Secretary & Compliance Officer
Mem. No: A35131
Encl.: A/a
Registered Office: 1002, Dev Corpora, Cadbury Junction, E: sales@neogenchem.com T: +91 22 2549 7300
Eastern Express Highway, Thane (W) 400 601, India. W: www.neogenchem.com F: +91 22 2549 7399
CIN No. L24200MH1989PLC050919
Annexure A
1 Name of the authority Office of the Commissioner CGST and Central Excise Commissionerate,
Belapur.
2 Nature and details of the On September 5, 2026, the Company has received the said Notice for
action(s) taken, initiated or Financial year 2022-23, levying consolidated tax demand of
order(s) passed; Rs. 6,97,08,028/- crore (comprising of applicable interest and penalty),
pursuant to section 73 of CGST Act, 2017 and MGST Act, 2017 read with
section 20 of IGST Act, 2017.
* Note: The principal tax amount 1,38,95,418/-paid vide DRC-03 dated 28/12/2022 is appropriated
towards tax liability; Interest u/s 50(1) and penalty u/s 73 are demanded thereon.
3 Date of receipt of direction or September 5, 2026
order, including any ad-
interim or interim orders, or
any other communication
from the authority;
4 Details of the violation(s)/ The Notice has been issued on the following grounds:
contravention(s) committed
or alleged to be committed; 1. GSTR-1 vs. GSTR-3B tax mismatch (tax paid via DRC – 03 without
interest; interest and penalty demanded)
2. Excess ITC on import of goods (GSTR-3B vs. GSTR-2B – no valid
BOEs for FY 2022-23)
3. Excess ITC – GSTR-3B vs. GSTR-2A (unsubstantiated SEZ / Import
claim)
5 Impact on financial, operation The Company is evaluating the Notice and shall file a detailed reply with
or other activities of the listed the adjudicating authority within the prescribed timelines. Further the
entity, quantifiable in Company shall take appropriate actions in due course of time as may be
monetary terms to the extent deemed fit and in the interest of the Company and shall pursue all legal
possible remedies available to it.
There is no material impact on financial, operational or other activities of
the Company, except for the amount mentioned in the Notice.
6. Quantum of claims (tax Rs. 6,97,08,028/-
demand), if any.
For Neogen Chemicals Limited
Unnati Kanani
Company Secretary & Compliance Officer
Mem. No: A35131
Registered Office: 1002, Dev Corpora, Cadbury Junction, E: sales@neogenchem.com T: +91 22 2549 7300
Eastern Express Highway, Thane (W) 400 601, India. W: www.neogenchem.com F: +91 22 2549 7399
CIN No. L24200MH1989PLC050919