Neogen Chemicals Limited — Updates, 31-01-2025: Scheme of Arrangement

Neogen Chemicals Limited received the Hon'ble National Company Law Tribunal's approval for the amalgamation of its wholly owned subsidiary, Buli Chemicals India Private Limited, with itself. The effective date for this merger is today. Under the scheme, Buli Chemicals will be dissolved, and its authorized share capital of ₹50.26 crore will be merged with Neogen's, raising its total authorized share capital to ₹100.26 crore. This consolidation could streamline operations and enhance efficiency, fostering a positive outlook among investors as Neogen strengthens its market position through this strategic move.