Credit Rating- Revision

September 26, 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/ NCL”) and its wholly owned subsidiary i.e. Neogen Ionics Limited (“NIL”) and the same is as given hereunder: Rating Action: COMPANY INSTRUMENT/ EARLIER RATING REVISED RATING ACTION RATIONALE FACILITY Total Bank Loan ₹ 680 Crore ₹ 680 Crore The revision in the Facilities Rated outlook reflects the Long Term Rating CRISIL A-/Negative Crisil A-/Stable (Outlook significant improvement revised from 'Negative'; in the financial risk Rating Reaffirmed) profile of NCL, supported Short Term Rating CRISIL A2+ Crisil A2+ (Reaffirmed) by the successful Neogen Chemicals N on-Convertible CRISIL A-/Negative Crisil A-/Stable (Outlook completion of a Qualified Limited Debentures of revised from 'Negative'; Institutional Placement ₹ 200 Crore Rating Reaffirmed) (QIP) of Rs 600 crore, Total Bank Loan ₹ 1,150 Crore ₹ 1,150 Crore which has enhanced the Facilities Rated net worth base, Neogen Ionics Long Term Rating CRISIL BBB+/Negative Crisil BBB+/Stable (Outlook improved capital Limited revised from 'Negative'; structure, and provided Rating Reaffirmed) financial flexibility to support future growth initiatives. The proceeds from QIP are expected to be utilised towards debt reduction and working capital requirements, thereby lowering reliance on external 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 borrowings and supporting future growth initiatives. The outlook revision also considers the gradual stabilisation of operations following the fire incident and the commissioning of key capital expenditure projects, which are expected to support revenue growth and profitability over the medium term. The revision in rating of Neogen Ionics Limited reflects similar rating action on the rating of the parent Company i.e. Neogen Chemicals Limited. COMPANY CREDIT BANK FACILITIES BANK RATING RATING AGENCY Cash Credit State Bank of India Crisil A-/Stable Cash Credit HDFC Bank Limited Crisil A-/Stable Cash Credit Axis Bank Limited Crisil A-/Stable Cash Credit IDBI Bank Limited Crisil A-/Stable Letter of Credit State Bank of India Crisil A2+ Long Term Loan HDFC Bank Limited Crisil A-/Stable Neogen CRISIL Long Term Loan HDFC Bank Limited Crisil A-/Stable Chemicals Ratings Limited Limited Long Term Loan Axis Bank Limited Crisil A-/Stable Long Term Loan Bandhan Bank Limited Crisil A-/Stable Proposed Long Term Bank Not Applicable Crisil A-/Stable 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-/Stable Loan 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 Long Term Bank Facility State Bank of India Crisil BBB+/Stable Neogen CRISIL Long Term Bank Facility Axis Bank Limited Crisil BBB+/Stable Ionics Ratings Long Term Bank Facility Union Bank of India Crisil BBB+/Stable Limited Limited Long Term Bank Facility The Karur Vysya Bank Crisil BBB+/Stable Limited Working Capital Facility Axis Bank Limited Crisil BBB+/Stable Please visit below given links to access the said rating/s of NCL and NIL: NCL:https://www.crisilratings.com/mnt/winshare/Ratings/RatingList/RatingDocs/NeogenChemicalsLimit ed_September%2025_%202026_RR_405982.html NIL:https://www.crisilratings.com/mnt/winshare/Ratings/RatingList/RatingDocs/NeogenIonicsLimited_S eptember%2025_%202026_RR_405986.html The same may please be taken on record. This information is also being uploaded on the company’s website at https://neogenchem.com/announcements/ under the tab other disclosure pursuant to regulation 30. 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