Neogen Chemicals Limited has informed the Exchange regarding 'Disclosure under regulation 7(2) of SEBI PIT regulations'.
NEOGEN · price
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Cadamba Solutions Private Limited, a promoter group entity of Neogen Chemicals Limited, acquired 10,00,000 equity shares through a preferential allotment on April 18, 2026. The shares were issued at Rs. 1,610 per equity share (face value Rs. 10 plus premium Rs. 1,600), totaling a cash consideration of Rs. 161 crores. The acquisition represents 3.79% of the pre-allotment and 3.65% of the post-allotment paid-up equity capital of the company. This is a compliance disclosure filed under SEBI's Prohibition of Insider Trading Regulations, submitted within the prescribed time limit.
The promoter group has increased its stake in Neogen Chemicals through this preferential allotment, signalling confidence in the company. The acquisition at a significant premium to face value suggests a positive view of the company's valuation by the controlling shareholders.