Neogen Chemicals Limited has informed the Exchange regarding outcome of the Board meeting held on July 12, 2025. - Fund raising by way of issue of non-convertible debentures and noting of notice received from BSE Limited.

Neogen Chemicals' Board, at its meeting on July 12, 2025, approved raising up to Rs. 200 crores through fully paid, secured, listed, rated, redeemable, rupee-denominated, non-cumulative, non-convertible debentures on a private placement basis, in one or more tranches, within existing borrowing limits. The NCDs will have a tenure of up to 36 months, with monthly interest payments, and will be listed on BSE. A subservient charge via hypothecation and mortgage will be created in favour of the Debenture Trustee as security, and a 2% per annum penalty applies on defaults. Separately, the company disclosed receipt of a BSE notice levying a fine of Rs. 3,61,080 (including GST) for technical non-compliance with Regulation 17(1A) relating to the re-appointment of Independent Director Prof. Ranjan Kumar Malik, who attained age 75. The company argues it complied in substance via shareholder approval at the 34th AGM in September 2023 and has initiated a postal ballot to further regularise his continuation. A similar fine was earlier levied by NSE on May 29, 2025.