Neogen Chemicals Limited has informed the Exchange about General Updates- Disclosure under regulation 29(2) of SEBI SAST Regulations
NEOGEN · price
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Cadamba Solutions Private Limited, a Promoter Group member of Neogen Chemicals Limited, acquired 10,00,000 equity shares through preferential allotment on April 18, 2026. The shares were issued at Rs. 1,610 per share (including Rs. 1,600 premium), totaling Rs. 161 crores. This acquisition represents 3.79% of pre-allotment and 3.65% of post-allotment equity capital. Following the transaction, Cadamba Solutions holds 10,00,000 shares or 3.65% of the expanded paid-up capital of Rs. 27.38 crore (2,73,81,674 equity shares of Rs. 10 each). The acquirer confirmed no Persons Acting in Concert (PAC) are involved.
The preferential allotment to a promoter group entity indicates promoter confidence in the company. The significant capital infusion of Rs. 161 crores strengthens the company's financial position, while the acquisition increases promoter group holding, which is generally viewed positively by the market.