Neogen Chemicals Limited — Board Meeting, 25-03-2025: Outcome of Board Meeting

The Board of Directors of Neogen Chemicals Limited has approved an investment of JPY 2 crore in its wholly-owned subsidiary, Neogen Chemicals Japan Corporation Limited. This entails subscribing to 20,00,000 equity shares at a face value of JPY 10 each, allowing the company to hold a 100% stake in NCL Japan. The shares will support NCL Japan in covering its expenses and general corporate purposes, with the allotment expected to be finalized within 60 days of receiving the application money. This move signals Neogen's strategy to enhance its international presence in the specialty chemicals sector.