Announced Fri, 24 Jul · 19:10 IST
Neogen Chemicals: Board approves Rs 600 cr fund raising plan, Q1 profit up
Fund Raising View source PDF
NEOGEN · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹2055.00
prior close
₹2135.00
base price
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AI summary
Neogen Chemicals board approved raising up to Rs 600 crores via equity shares, QIP or other eligible instruments in one or more tranches. Q1 FY27 standalone profit rose to Rs 19.44 cr from Rs 14.23 cr YoY, revenue at Rs 252.28 cr. Crisil downgraded ratings to A-/Negative (long-term) and A2 (short-term); NCD coupon hiked to 11% from 10.50%. Record date Aug 13 for FY26 dividend. AGM on Aug 21.
Likely market impact
Possible equity dilution ahead. Rating downgrade is negative. Q1 profit growth and dividend record date are positives for shareholders.