NSEGeneral Updates10 Sept 2026 · 10 Sept 2026, 08:04 pm
General Updates
Neogen Chemicals Limited · NEOGEN
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Neogen Chemicals Limited has informed the Exchange about the outcome of its Fund Raising Committee meeting held on September 10, 2026, where the committee approved the preliminary placement document and the draft of application form for a qualified institutions placement (QIP) of equity shares, with a floor price of ₹ 2,189.73 per share.
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Neogen Chemicals Limited has informed the Exchange about outcome of Fund Raising Committee meeting held on September 10, 2026.
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September 10, 2026
BSE Limited National Stock Exchange of India Limited
Department of Corporate Services Listing Department, Exchange Plaza,
Floor 25, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East),
Dalal Street, Mumbai 400 001 Mumbai – 400 051
Scrip Code No: 542665 Company Symbol: NEOGEN
Debt Segment Code: 977028
Dear Sir/Madam,
Re: Qualified institutions placement of equity shares of face value of ₹10 each (the “Equity Shares”) by
Neogen Chemicals Limited (the “Company”) (the “QIP” or “Issue”) in terms of the provisions of Chapter VI
of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations,
2018, as amended (“SEBI ICDR Regulations”), and Section 42 and Section 62 of the Companies Act, 2013,
as amended (the “Companies Act”) read with the rules issued thereunder.
Sub: Outcome of the meeting of the Fund-Raising Committee held on September 10, 2026
We wish to inform you that pursuant to the approval of the Board of Directors of the Company (the “Board”) at its
meeting held on July 24, 2026, and approval of the shareholders of the Company by way of a special resolution
passed on August 21, 2026 (the “Shareholders’ Approval”), the Fund Raising Committee of the Company (the
“Committee”), in its meeting held today i.e. September 10, 2026, which commenced at 6:30 p.m. and concluded at
7:15 p.m. has inter alia considered and approved the following:
(i) approval and adoption of the preliminary placement document dated September 10, 2026, and the draft of
application form to be sent to eligible qualified institutional buyers inviting bids and for the purpose of
receiving filled in application forms along with application amounts for subscription of equity shares, in
connection with the QIP;
(ii) authorizing the opening of the proposed issue of such number of Equity Shares to eligible qualified
institutional buyers through a qualified institutions placement under Chapter VI of the Securities and
Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended
(“SEBI ICDR Regulations”) and Section 42 of the Companies Act, 2013, read with Rule 14 of the Companies
(Prospectus and Allotment of Securities) Rules, 2014, each as amended, today, i.e. on September 10, 2026;
(iii) approval of the floor price for the QIP, being ₹ 2,189.73 per Equity Share (“Floor Price”) calculated based on
the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations.
We further wish to inform you that the Fund-Raising Committee has fixed the ‘Relevant Date’ for the purpose of the
QIP, in terms of Regulation 171 (b)(i) of the SEBI ICDR Regulations as September 10, 2026 and accordingly the floor
price in respect of the QIP, based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR
Regulations is ₹ 2,189.73 per Equity Share. Pursuant to Regulation 176(1) of the SEBI ICDR Regulations, the Company
may, at its discretion, offer a discount of not more than 5% (five percent) on the Floor Price so calculated for the QIP.
The Floor price shall not be less than the price determined in accordance with the pricing formula provided under
Chapter VI of the SEBI ICDR Regulations.
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
The Issue price will be determined by the Company in consultation with the lead managers (the ‘LMs’) appointed for
the Issue.
In this relation, we will file the preliminary placement document dated September 10, 2026, with the BSE Limited
and National Stock Exchange of India Limited on September 10, 2026.
Copy of the same is also being made available on the website of our Company at
https://neogenchem.com/announcements/ under the tab Issue of Securities
Kindly take the above information on your records.
Thanking you,
Yours faithfully,
For Neogen Chemicals Limited
Unnati Kanani
Company Secretary and Compliance Officer
Mem. No. A35131
Place: Thane
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