Neogen Chemicals Limited has informed the Exchange regarding 'Disclosure under regulation 29(2) of SEBI SAST Regulations'.
NEOGEN · price
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Cadamba Solutions Private Limited, a member of the promoter group 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 crore. This acquisition represents 3.79% of the pre-allotment and 3.65% of the post-allotment paid-up equity capital of Neogen Chemicals. The acquirer has no Persons Acting in Concert (PAC). Prior to this, Cadamba Solutions held no shares in Neogen Chemicals.
This preferential allotment increases promoter group holding in Neogen Chemicals, indicating continued confidence and support from the promoter group. The significant investment of Rs. 161 crore via promoter subscription may provide stability to the stock and signals promoter conviction in the company's growth prospects.