Security cover certificate as on September 30, 2026

.~. NEOGEN® ~~~ CHEMICALS LTD. October 31, 2026 BSE Limited Department of Corporate Services Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Scrip Code No: 542665 Debt Segment: 977028 Dear Sir/Madam, Sub: Security Cover Certificate as on September 30, 2026. Ref.: Regulation 54 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”). With reference to the captioned subject and pursuant to 54 of the Listing Regulations, read with SEBI/HO/DDHS-PoD-1/P/CIR/2025/117 dated August 13, 2025, as amended, please find enclosed the Security Cover Certificate in respect of the Non-Convertible Debentures (NCD) issued by the Company under ISIN: INE136S07013 as at September 30, 2026, certified by M/s. Chandabhoy & Jassoobhoy, Chartered Accountants, Statutory Auditors of the Company. The above information is also being uploaded on the Company’s website at https://neogenchem.com/announcements/ > Issue of Securities Tab and at the website of the NSE (www.nseindia.com) and BSE (www.bseindia.com). Kindly take the above information on your records. Yours faithfully, For Neogen Chemicals Limited Unnati Kanani Company Secretary & Compliance Officer Mem. No: A35131 Encl.: As above 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 [ G4{ J Chandabhoy & Jassoobhoy Chartered Accountants , No, A 215-216, A To Z Industrial Estate, Gate no. 3, 2nd floor, GK Marg, Lower Parel, Mumbai-400 013. India Phone : +91 22 4619 7023 /24 / 25 : +91 22 4606 7023 Email : mail@cnj.in Web : www.cnj.in Certificate on maintenance of security cover and compliance with the covenants as per the Offer Documents/ Information Memorandum Debenture Trust Deed / pursuant to Regulation 54 read with Regulation 56(1}(d} of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements} Regulations, 2015. The Board of Directors Neogen Chemicals Limited. 1. Introduction This certificate is issued in terms of our audit engagement with Neogen Chemicals Limited ("the Company") as statutory auditors and as required by Regulation 54 read with Regulation 56(1)(d) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (together referred to as "the Regulations") in respect of its 20,000 Non-Convertible Debentures (NCD's) having face value of Rs. 100,000 each aggregating to Rs. 200 crores. The Report is required by the Company for the purpose of its onward submission to Axis Trustee Services Limited "(The Debenture Trustee") to ensure compliance with SEBI Regulations. The annexed Statement of information comprising of Security Cover for Listed Non-Convertible Debentures and Compliance with applicable covenants as on September 30, 2026 (Annexure 'A') has been prepared by the Company on the basis of the unaudited standalone financial results, underlying books of accounts and other relevant records and documents maintained by the Company as at September 30, 2026, in respect of its NCDs stated above, in compliance with the Regulation 54 read with Regulation 56(1)(d) of the Securities and Exchange Board of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 (as amended) and SEBI vide Master circular no. SEBI/HO/DDHS-PoD-1/P/CIR/2025/117d ated August 13, 2025 (hereinafter together referred to as "the SEBI Regulations and SEBI Master Circular"). The Statement has been initialled by us for identification purposes only. 2. Management's Responsibility The Management of the Company is responsible for ensuring the compliance with the terms of the issue of listed non-convertible debt securities and guidelines mentioned in the Chandabhoy & Jassoobhoy Chartered Accountants The Management of the Company is also responsible for ensuring maintenance of adequate security cover in respect of all listed non-convertible debt securities. This responsibility also includes: a. Preparation and maintenance of proper accounting and other records as per the external and internal requirements; b. Design, implementation and maintenance of adequate internal procedures I systems I processes I controls relevant to the creation and maintenance of the aforesaid records; c. Providing all relevant and accurate information to SEBI, Debenture Trustee and Stock Exchanges; d. Compliance with all the covenants of the offer document/ information Memorandum and I or Debenture Trust Deed for all listed Non-Convertible Debt securities outstanding as on September 30, 2026; e. The preparation of the accompanying Annexure 'A' from unaudited Financial Statements of the Company as at September 30, 2026 and other records maintained by the Company; f. Accurate computation of security cover available for debenture holders based on unaudited financial statements of the Company as at September 30, 2026; g. Ensuring that the relevant records and Statement provided to us for our examination are complete and accurate. 3. Auditor's Responsibility Our responsibility is to provide limited assurance in form of conclusion based on the examination of unaudited financial statements for the period ended September 30, 2026 and other relevant records maintained by the Company as to whether anything has come to our attention that causes us to believe that the book value of assets as appearing in the Annexure 'A' are incorrectly extracted from unaudited Financial Statements for the period ended September 30, 2026 and other records maintained by the Company and whether security cover available for debenture holders has been maintained in accordance with Offer Document I Information Memorandum I Debenture Trust Deed in respect of listed debt securities. Our responsibility is also to provide limited assurance that prima facie the company has complied with all covenants mentioned in the Offer Document/ Information Memorandum I Debenture Trust Deed in respect of listed debt securities. A limited assurance engagement includes performing procedures to address the certifying requirements mentioned above. The procedures performed vary in nature and timing from, and are less extent than for, a reasonable assurance and consequently, the level of assurance obtained is substantially lower than the assurance that would have been obtained had a Chandabhoy & Jassoobhoy Chartered Accountants 4. For the purpose of this certificate, we have planned and performed the following procedures to determine whether anything has come to our attention that causes us to believe that the Company has not complied with the covenants of the Debenture Trust Deed and/or with the requirements of the Regulations or that the book values of assets included in Annexure 'A' have not been accurately extracted or the security cover is not maintained : a. Obtained and read the Debenture Trust Deed and Information memorandum in respect of the NCDs and noted the security cover percentage required to be maintained by the Company in respect of such NCDs; b. Obtained list of securities I collateral/ properties/ assets pledged as a security against the outstanding listed non-convertible debt securities as at September 30, 2026, which comprise only of listed non-convertible debentures ("NCDs"); c. Verified the computation of security cover as at September 30, 2026 prepared by the management, as specified in the format given under SEBI circular SEBI/HO/MIRSD/MIRSDC RADT/CIR/P/2022/67d ated 19 May 2022; d. Traced the amounts forming part of the Statement with the underlying unaudited financial statement and books of account and other relevant records and documents maintained by the company and verified the arithmetical accuracy of the Statement; e. Verified the details of the outstanding amounts of Listed NCDs and assets required to be maintained as a collateral for listed NCDs from t [Showing first 8,000 characters — download PDF for full document]