Neogen Chemicals Limited has informed the Exchange about Re-constitution of Committees w.e.f. October 1, 2025.
NEOGEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Neogen Chemicals reported standalone revenue of Rs. 184.58 Cr and profit after tax of Rs. 14.23 Cr for Q1 FY26 (vs Rs. 176.34 Cr and Rs. 13.94 Cr in Q1 FY25, restated). The board approved the 36th AGM for September 26, 2025 with September 19, 2025 as the record date for the final dividend. Founder and Chairman & Managing Director Mr. Haridas Kanani will retire from the CMD position effective September 30, 2025 and be conferred the honorary title of 'Chairman Emeritus' from October 1, 2025. Mr. Anurag Surana (existing non-executive director) will take over as Chairman, Mr. Shyamsunder Upadhyay is re-appointed as Whole Time Director for 3 years, and Mr. Triplicane Commandoor Narasimhan Saikrishnan is recommended for appointment as Executive Director for 5 years. The board also approved an additional Rs. 125 Cr corporate guarantee for wholly-owned subsidiary Neogen Ionics Limited and reconstituted three board committees. Insurance recovery continues from the March 2025 Dahej plant fire, with Rs. 254.06 Cr still receivable.
This is a significant leadership transition as founder Haridas Kanani steps down from the CMD role, though he stays on as Chairman Emeritus. Succession appears planned with existing directors elevated and a new Executive Director joining. Q1 results show modest growth, and the Rs. 125 Cr guarantee to subsidiary signals continued capital support for the Neogen Ionics expansion.