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Neogen Chemicals Limited has received approval from the Hon'ble National Company Law Tribunal for the amalgamation of its wholly owned subsidiary, Buli Chemicals India Private Limited, into itself. This move aims to streamline operations and enhance efficiency within the group. Effective immediately, Buli Chemicals will cease to exist, and its authorized share capital of ₹50.26 Cr is consolidated with Neogen's, raising the total authorized share capital to ₹100.26 Cr. This strategic consolidation is expected to simplify corporate structure and potentially unlock shareholder value.