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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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