NSEStrikes/Lockouts/Disturbances5d ago · 17 Jul 2026, 04:13 pm

Strikes/Lockouts/Disturbances

Neogen Chemicals Limited · NEOGEN

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Neogen Chemicals Limited has informed the Exchange about strikes/lockouts/disturbances. The company has received an additional amount of Rs. 15 Crore towards the fourth on-account payment for loss of property, plant and equipment from the Insurance Company. The total on- account claim received till date is Rs. 155 Crore including this claim.

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Earnings Impact6/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10

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Neogen Chemicals Limited has informed the Exchange about strikes/lockouts/disturbances

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NEOGEN_17072026161250_Dahej_Fire_UPDATE_Insurance_17072026.pdf

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July 17, 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: 977028 Sub: Update on Fire Incident under Regulation 30 and Regulation 51 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 regulation 51 read with Schedule III of Listing Regulations and with reference to our disclosure dated March 5, 2025, March 7, 2025, April 23, 2025, June 27, 2025, July 16, 2025 and February 12, 2026 regarding the fire incidence that took place at our Multi-Purpose Plant (MPP3)- Facility, the warehouse and tank farms located at Dahej SEZ on March 5, 2025 at around 12.30 a.m. IST., we would like to further inform that the Company has received an additional amount of Rs. 15 Crore towards the fourth on- account payment for loss of property, plant and equipment from the Insurance Company, yesterday i.e. July 16, 2026, based on recommendation given by the surveyors in their interim report. The further settlement shall be determined in various stages following the completion of the assessment for loss of property, plant and equipment including other assets at Dahej SEZ Plant, loss of profit due to business interruption and reinstatement value of assets. The total on- account claim received till date is Rs. 155 Crore including this claim. Further details as required under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, (“SEBI Circular”), is enclosed as Annexure A. The above information is also being uploaded on the Company’s website at https://neogenchem.com/announcements/ . Kindly take the above information on your records. Yours faithfully, For Neogen Chemicals Limited Unnati Kanani Company Secretary & Compliance Officer Mem. No: A35131 Place: Thane 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 Details as per SEBI Circular 1 Insurance amount claimed and realized The fourth on-account payment of Rs. 15 Crore has been by the listed entity for the loss/damage; released, with the further settlement to be determined in various stages following the completion of the assessment. The total on- account claim received till date is Rs. 155 Crore including this claim. 2 The actual amount of damage caused The Company has recognised a loss of Rs 348.16 Crore (Rs. due to the natural calamity or other 362.90 Crore on consolidated basis) on account of damage to force majeure events. certain property, plant & equipment, inventory and estimated cost of incidental charges. The Company has recognised an insurance claim receivable of Rs 334.60 Crore (Rs. 348.82 Crore on consolidated basis) to the extent of recovery of loss after adjusting applicable deductibility considering its assessment of loss and admissibility of claims as per the policy, adequacy of coverage and nature of loss. The Company has not accounted for a claim for loss of profit due to business interruption and excess value of reinstatement of assets over written down value as per accounting conservatism. The aforementioned losses and corresponding insurance claim have been considered on a net basis as Rs 13.56 Crore (Rs. 14.08 Crore on consolidated basis), in FY 2024-25. Till date the company has received Rs. 9.38 Crore on sale of salvaged scrap and incurred further incidental charges of Rs. 1.41 Crore which is also claimed as per insurance policy. 3 Details of steps taken to restore In continuation to our intimation dated April 23, 2025, we normalcy and the impact of the natural submit that the Production/Operation of the Multi-Purpose calamity/other force majeure events on Plant (MPP3)- Facility, the warehouse and tank farms which production or service, financials of the were affected in fire is suspended temporarily. Construction of entity. the replacement plant progressing rapidly, with commissioning scheduled for H1FY27. In the interim, the Company has shifted production of critical select specialty products to other sites based on approval from customers. This, combined with the planned expansion in Patancheru Plant, will help minimize the impact on earnings going ahead to minimize business disruption. 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