<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....
NEOGEN · price
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Neogen Chemicals has submitted its annual Initial Disclosure to BSE and NSE under SEBI's framework governing debt issuance by Large Corporates (SEBI circular dated October 19, 2023). The company confirmed that it does NOT fall under the 'Large Corporate' category as defined by the SEBI criteria, so the mandatory incremental borrowing obligations do not apply. Key details disclosed in Annexure A include outstanding long-term borrowings of Rs. 92.54 crore as on March 31, 2025, and credit ratings of CRISIL A (long-term) and CRISIL A1 (short-term), both placed on 'Watch Developing' outlook by CRISIL Ratings Limited. The disclosure is signed by the Company Secretary and CFO.
This is a routine regulatory compliance filing with no direct material impact on shareholders or stock price. However, investors may note that the company's long-term credit rating is on 'Watch Developing', meaning CRISIL is monitoring it for a possible upgrade or downgrade.