Credit Rating- New

July 18, 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: 977028 Sub: Intimation under regulation 30, 51 and 55 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") - Credit Rating of the Company for bank facilities/ debt instruments. Dear Sir/Madam, Pursuant to Regulation 30, 51 and 55 read with Schedule III of Listing Regulations, we would like to submit that the CRISIL Ratings Limited has reviewed the credit ratings on the bank facilities/ debt instruments of Neogen Chemicals Limited (“the Company”) and its wholly owned subsidiary i.e. Neogen Ionics Limited and the same is as given hereunder: Rating Action: COMPANY INSTRUMENT/ EARLIER RATING REVISED RATING RATIONALE FACILITY ACTION Total Bank Loan ₹ 680 Crore ₹ 680 Crore The downgrade is due to delay in Facilities Rated battery chemicals project. Further Long Term Rating CRISIL A/Negative CRISIL A-/Negative r ating also factors the delayed insurance claim receipt. Short Term Rating CRISIL A1 CRISIL A2+ The revision in rating of Neogen Neogen Chemicals Non-Convertible CRISIL A/Negative CRISIL A-/Negative I onics Limited reflects similar Limited Debentures of rating action on the rating of the ₹ 200 Crore parent Company i.e. Neogen Total Bank Loan ₹ 1,150 Crore ₹ 1,150 Crore Chemicals Limited. Facilities Rated Neogen Ionics Long Term Rating CRISIL A-/Negative CRISIL Limited BBB+/Negative COMPANY CREDIT BANK FACILITIES BANK RATING RATING AGENCY Cash Credit Axis Bank Limited CRISIL A-/Negative Cash Credit IDBI Bank Limited CRISIL A-/Negative Cash Credit State Bank of India CRISIL A-/Negative Cash Credit HDFC Bank Limited CRISIL A-/Negative 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 Letter of Credit State Bank of India CRISIL A2+ Long Term Loan Bandhan Bank Limited CRISIL A-/Negative Neogen CRISIL Long Term Loan HDFC Bank Limited CRISIL A-/Negative Chemicals Ratings Long Term Loan HDFC Bank Limited CRISIL A-/Negative Limited Limited Long Term Loan Axis Bank Limited CRISIL A-/Negative Proposed Long Term Bank Not Applicable CRISIL A-/Negative Loan Facility Working Capital Demand IDBI Bank Limited CRISIL A2+ Loan Working Capital Demand Bandhan Bank Limited CRISIL A2+ Loan Working Capital Term HDFC Bank Limited CRISIL A-/Negative Loan Long term bank facility Axis Bank Limited CRISIL BBB+/Negative Neogen CRISIL Long term bank facility Union Bank of India CRISIL BBB+/Negative Ionics Ratings Long term bank facility The Karur Vysya Bank CRISIL BBB+/Negative Limited Limited Limited Long term bank facility State Bank of India CRISIL BBB+/Negative Working Capital Facility Axis Bank Limited CRISIL BBB+/Negative Please visit Rating Rationale and Rating Rationale to access the said rating/s of Neogen Chemicals Limited and Neogen Ionics Limited, respectively. The same may please be taken on record. This information is also being uploaded on the company’s website at https://neogenchem.com/announcements/ Thanking You, 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