Neogen Chemicals Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on March 29, 2026. Further, the company has informed the Exchange regarding voting results.
NEOGEN · price
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Neogen Chemicals held an Extra-Ordinary General Meeting (EGM) on March 29, 2026, via video conferencing, which concluded in about 26 minutes. Shareholders voted on one special resolution: issuance of equity shares on a preferential basis to a promoter group member. A total of 2,04,17,139 valid votes were cast, of which 2,04,17,119 (99.9999%) voted in favor and only 20 votes (0.0001%) were against. The scrutinizer, CS Devendra Deshpande of DVD & Associates, confirmed the resolution was passed with the requisite majority. The cut-off date for eligibility was March 20, 2026, and remote e-voting ran from March 26 to March 28, 2026.
This approval clears the way for a preferential equity allotment to the promoter group, which will increase promoter shareholding and cause some equity dilution for existing public shareholders. The near-unanimous vote signals strong shareholder backing for the capital-raising move.