Neogen Chemicals Limited Completes Preferential Allotment of 10,00,000 Equity Shares to Cadamba Solutions

Neogen Chemicals Limited has completed the preferential allotment of 10,00,000 equity shares to Cadamba Solutions Private Limited at Rs 1,610 per share, aggregating to Rs 161 crore. The Fund Raising Committee approved the allotment on April 18, 2026, following approvals from BSE Limited and National Stock Exchange of India Limited. The shares carry a face value of Rs 10 each with a premium of Rs 1,600 per share. Post-allotment, the company's paid-up equity share capital increased from Rs 26,38,16,740 to Rs 27,38,16,740. The allotted shares will be locked in for 18 months in accordance with SEBI ICDR Regulations.