Neogen Chemicals Ltd Allots 10 Lakh Shares Through Preferential Allotment to Promoter Group
Neogen Chemicals Ltd announced on April 18, 2026, the successful allotment of 10,00,000 Equity Shares on a preferential basis. The allotment followed a Special Resolution passed by the company’s members at the Extraordinary General Meeting held on March 29, 2026, and in-principle approvals received from BSE Limited and the National Stock Exchange of India Limited on April 17, 2026.During a meeting of the Fund Raising Committee of the Board of Directors held on April 18, 2026, the company considered and approved the allotment of these securities.
The details of the preferential allotment are as follows:
| Parameter | Details |
|---|---|
| Number of Shares Allotted | 10,00,000 Equity Shares |
| Face Value per Share | Rs. 10 |
| Issue Price per Share | Rs. 1,610 |
| Premium per Share | Rs. 1,600 |
| Aggregate Value | Rs. 161,00,00,000 (Rupees One Hundred and Sixty-One Crore only) |
The entire allotment of 10,00,000 Equity Shares is directed to Cadamba Solutions Private Limited, which is classified as a Promoter Group Member.
The successful transaction has increased the company's issued, subscribed, and paid-up equity share capital. The capital base rose from Rs. 26,38,16,740 to Rs. 27,38,16,740.
The allotted equity shares are set to be listed on BSE Limited and the National Stock Exchange of India Limited. The company confirmed that these newly allotted shares will rank pari passu with the existing equity shares concerning dividend payment and voting rights.
Allottee details for the preferential issue are provided in the table below:
| Allottee Name | Category | No. of Equity Shares Allotted | Total Value of Shares (INR) |
|---|---|---|---|
| Cadamba Solutions Private Limited | Promoter Group Member | 10,00,000 | 161,00,00,000 |
| Total | 10,00,000 | 161,00,00,000 |
The equity shares allotted to the allottees are required to be locked in for a specific period as stipulated by regulations.
NEOGEN Stock Price Movement
On Friday, Neogen Chemicals Limited shares climbed to settle at ₹1511.6, edging higher after gaining 0.69% for the day. The stock saw moderate activity, trading a total volume of 132,192 shares.Source:
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