Neogen Chemicals

Neogen Chemicals' board on Friday gave in-principle approval to raise up to ₹600 crore through qualified institutional placements or other equity instruments. The fundraising, which remains subject to shareholder and regulatory nods, comes weeks after CRISIL downgraded the company's long-term rating to A-/Negative citing project delays and pending insurance claims. The board also approved the June quarter results, where consolidated revenue rose marginally to ₹250.29 crore while net profit climbed to ₹17.11 crore from ₹11.39 crore a quarter earlier. Separately, the board of subsidiary Neogen Morita New Materials approved boosting its borrowing powers to ₹500 crore.

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Neogen Chemicals' board approved raising up to ₹600 crore through equity or equity-linked instruments, including a qualified institutional placement, subject to shareholder and regulatory approvals. The board also approved the unaudited financial results for the quarter ended June 30, 2026, with standalone revenue of ₹252.28 crore and net profit of ₹19.44 crore. The company will hold its annual general meeting on August 21, 2026, and set August 13 as the record date for the final dividend for FY 2025-26.

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Neogen Chemicals' board on Friday approved a plan to raise up to ₹600 crore through a qualified institutions placement or other securities, subject to shareholder and regulatory approvals. The fundraising, if fully executed, would be a substantial equity dilution for the mid-sized specialty chemicals maker. The board also approved the unaudited financial results for the quarter ended June 2026, which showed standalone revenue of ₹252 crore, up 37% from the year-ago period, and net profit of ₹19.4 crore. Additionally, the board fixed August 13 as the record date for the final dividend and set the annual general meeting for August 21. The company's subsidiary Neogen Morita New Materials received board approval to increase its borrowing powers to ₹500 crore.

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Neogen Chemicals’ board on Thursday approved a plan to raise up to ₹600 crore through a qualified institutional placement or other securities, a move that would significantly bolster its equity base as the specialty chemicals maker battles project delays and a recent credit rating downgrade. The company also reported a 37% year-on-year rise in standalone net profit to ₹19.4 crore for the June quarter, with revenue from operations growing to ₹252 crore from ₹185 crore a year earlier. The board fixed August 13 as the record date for the final dividend of ₹1 per share declared for FY26, and scheduled the annual general meeting for August 21. Shareholders’ approval will be sought for the fundraise, which is subject to regulatory clearances, the company said in a filing.

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July 24 (Reuters) - Neogen Chemicals Ltd NEOE.NS:

• NEOGEN CHEMICALS LTD JUNE-QUARTER CONSOL PROFIT 171.1 MILLION RUPEES

• NEOGEN CHEMICALS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.5 BILLION RUPEES

• NEOGEN CHEMICALS LTD - APPROVED FUND RAISE OF 6 BILLION RUPEES VIA QIP

Source text: [ID:]

Further company coverage: NEOE.NS

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Neogen Chemicals informed exchanges on July 20 that its board will meet on July 24 to consider unaudited financial results for the June quarter and a proposal to raise funds. The company may issue equity shares, convertible instruments, foreign currency convertible bonds, or other eligible securities through a public issue, qualified institutions placement, preferential allotment, or private placement. The proposed fundraising would be subject to shareholder and regulatory approvals. The trading window for designated persons remains closed until 48 hours after the results are declared. No quantum or specific terms of the potential raise were disclosed.

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** Asian Markets Securities (AMSEC) starts India's Gujarat Fluorochemicals GUJL.NS, Neogen Chemicals NEOE.NS with "buy"

** Sets PT of 3,817 rupees for Gujarat Fluorochemicals, 1,663 rupees for Neogen Chemicals

** Cites strong growth potential in battery chemicals amid rising EV, energy storage demand

** GUJL rises 3.41% to 3,245.90 rupees; NEOE gains 2.86% to 1,367.40 rupees

** Brokerage says cos well positioned in lithium-ion battery materials value chain, benefiting from global supply chain diversification

** GUJL rated "buy", NEOE rated "strong buy" on average, per data compiled by LSEG

** YTD, GUJL down 14.28%, NEOE up 12.26%

(Reporting by Surbhi Misra in Bengaluru)

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** Neogen Chemicals NEOE.NS rises 6.1% to 1,412 rupees

** Specialty chemicals maker to raise 1.61 bln rupees ($17.4 mln) via issuance of 1 mln shares to promoter Cadamba Solutions

** Offer price of 1,610 rupees/share represents 21% premium to Friday's close

** Trading vols more than 5x the 30-day average of 349,870 shares

** YTD, NEOE up 19.2%

($1 = 92.3150 Indian rupees)

(Reporting by Vijay Malkar)

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March 4 (Reuters) - Neogen Chemicals Ltd NEOE.NS:

• NEOGEN CHEMICALS LTD - BOARD TO CONSIDER FUND RAISING VIA PREFERENTIAL ISSUE OF EQUITY SHARES

Source text: ID:nBSE21kJr1

Further company coverage: NEOE.NS

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Feb 12 (Reuters) - Neogen Chemicals Ltd NEOE.NS:

• NEOGEN CHEMICALS LTD - UPDATE ON FIRE INCIDENT

• NEOGEN CHEMICALS - GET ADDITIONAL 600 MILLION TOWARDS THIRD ON-ACCOUNT PAYMENT FOR LOSS OF PROPERTY,

Source text: ID:nNSE1BdX55

Further company coverage: NEOE.NS

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Feb 11 (Reuters) - Neogen Chemicals Ltd NEOE.NS:

• NEOGEN CHEMICALS DEC-QUARTER CONSOL PROFIT 36.9 MILLION RUPEES

• NEOGEN CHEMICALS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.20 BILLION RUPEES

Source text: ID:nBSE5mFG4B

Further company coverage: NEOE.NS

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July 16 (Reuters) - Neogen Chemicals Ltd NEOE.NS:

• RECEIVES ADDITIONAL 300 MILLION RUPEES INSURANCE PAYMENT FOR FIRE LOSS

• RECONSTRUCTION OF IMPACTED FACILITIES ESTIMATED TO TAKE 9-12 MONTHS

Source text: ID:nBSE87kvnw

Further company coverage: NEOE.NS

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July 9 (Reuters) - Neogen Chemicals Ltd NEOE.NS:

• TO CONSIDER FUNDRAISING VIA NON-CONVERTIBLE DEBENTURES

Source text: ID:nBSEbVwnz9

Further company coverage: NEOE.NS

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April 23 (Reuters) - Neogen Chemicals Ltd NEOE.NS:

• NEOGEN CHEMICALS LTD - GPCB IMPOSES EDC COST OF 3.5 MILLION RUPEES ON CO

• NEOGEN CHEMICALS LTD - GPCB DIRECTS NON-UTILISATION OF FIRE-AFFECTED FACILITIES UNTIL APPROVAL

• NEOGEN CHEMICALS LTD - SHIFTS PRODUCTION OF CRITICAL PRODUCTS TO OTHER SITES

Source text: ID:nBSE22mc8P

Further company coverage: NEOE.NS

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** India's Neogen Chemicals NEOE.NS down 2%, set for third straight day of losses

** Kotak Institutional Equities cuts PT to 1,790 rupees from 2,090 rupees earlier on delay in battery capacity ramp-up and major fire incident in Dahej plant; retains "add" rating

** Cuts FY26 and FY27 revenue estimates by 14.5% and 16.5%, respectively

** Co earlier lowered FY26 revenue guidance range to 7.75 bln rupees to 8.50 bln rupees from 9.50 bln rupees to 10 bln rupees

** Notwithstanding near-term headwinds, Kotak says co's long-term story remains promising

** NEOE down 27% YTD, with 9% losses in three sessions including today

(Reporting by Vivek Kumar M)

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March 25 (Reuters) - Neogen Chemicals Ltd NEOE.NS:

• TO INVEST JPY 20 MILLION IN NCL JAPAN

Source text: ID:nBSE2zRlGT

Further company coverage: NEOE.NS

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** Neogen Chemicals NEOE.NS falls 6.6% to 1,684.6 rupees; set to fall for a second straight session

** Specialty chemicals maker revises its revenue guidance for FY 2025-26 to about 7.75 bln rupees to 8.50 bln rupees ($88.8 mln to $97.4 mln), down from an earlier projection of 9.50 bln rupees to 10 bln rupees

** Revision due to a fire incident at its Dahej SEZ manufacturing plant

** Stock rated "buy" on avg; median PT is 2,280 rupees - data compiled by LSEG

** NEOE fell ~19% YTD

($1 = 87.2400 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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March 5 (Reuters) - Neogen Chemicals Ltd NEOE.NS:

• MAJOR FIRE INCIDENT AT NEOGEN CHEMICALS' DAHEJ PLANT

• NO CASUALTIES OR INJURIES REPORTED IN NEOGEN CHEMICALS FIRE

• PRODUCTION SUSPENDED AT NEOGEN CHEMICALS' DAHEJ PLANT

Source text: ID:nBSE8zCKVZ

Further company coverage: NEOE.NS

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** Neogen Chemicals NEOE.NS rises 2.1% to 2,036 rupees

** Specialty chemicals maker posts nine-fold surge on-year in Q3 consol profit; rev from ops up 23%

** Says growth aided by strong volumes, increased plant utilization, operational efficiencies and lower employee costs

** More than 147,000 shares traded, 3.4x the 30-day avg

** Stock rated "buy" on avg; median PT is 2,070 rupees - LSEG

** NEOE gained 51% in 2024

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 12 (Reuters) - Neogen Chemicals Ltd NEOE.NS:

• NEOGEN CHEMICALS SEPT-QUARTER CONSOL PROFIT 109.6 MILLION RUPEES

• NEOGEN CHEMICALS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.93 BILLION RUPEES

Source text: ID:nBSE4xMmnZ

Further company coverage: NEOE.NS

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** Shares of India's Neogen Chemicals NEOE.NS up 5.3%, cooling off from session-high 5.8% jump

** Kotak Institutional Equities starts coverage on co with "buy", says NEOE has first mover advantage in Indian EV battery chemicals space

** Estimates 34% CAGR for co over FY24-FY29, led by start of battery chemical revenues, healthy business of bromine/lithium derivatives

** Trading vols 2.3x 30-day avg

** Kotak's PT 7.8% higher than median PT of 6 analysts covering the stock, avg rating on co "buy" - LSEG data

** Day's move trims stock's YTD fall to 1% after an 18% gain in 2023

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of chemicals manufacturer Neogen Chemicals NEOE.NS slide as much as 4.71% to 1,451.15 rupees, lowest in more than a month

** Co posts steepest intraday fall in about a week

** NEOE's March qtr profit dropped 8.5%

** Stock on track for second consecutive sessions of losses

** All 6 analysts covering the stock rate it "buy" or higher, according to Refinitiv IBES data

** Co shares have fallen ~3% so far this year

($1 = 81.7800 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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March 30 (Reuters) - Neogen Chemicals Ltd NEOE.NS:

• NEOGEN CHEMICALS LTD - INCORPORATED UNIT NEOGEN IONICS

• NEOGEN CHEMICALS LTD - DEAL VALUED AT 10 MILLION RUPEES

Source text for Eikon: ID:nBSEbsnS3y

Further company coverage: NEOE.NS

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