Neogen Chemicals Limited — Important, 05-03-2025: Disruption of Operations

A major fire incident impacted operations at Neogen Chemicals' Dahej SEZ plant, occurring in the early hours. Thanks to the quick response of supervisory staff, the fire was contained, preventing further spread and avoiding any casualties. However, production at this facility, which focuses on organic chemicals, is currently halted while an insurance survey is conducted to assess the damage. Preliminary evaluations suggest that the losses will be covered by insurance. The company's other plant in the vicinity, Neogen Ionics, remains unaffected. Monitoring the situation closely is crucial as the temporary suspension could affect overall production capacity and revenue outlook.