Neogen Chemicals Limited — Others, 23-04-2025: Action(s) taken or orders passed

Neogen Chemicals has provided an update regarding the fire incident at its Multi-Purpose Plant (MPP3) in Dahej. The Gujarat Pollution Control Board (GPCB) has directed the company to halt operations at the affected facility and imposed an environmental damage compensation of ₹34.60 lakh, along with a compliance assurance bank guarantee of ₹7.5 lakh. The reconstruction of the damaged facilities is expected to take 9-12 months. However, the company will shift production of critical products to other sites to mitigate the impact, maintaining its previous revenue guidance. This proactive approach could foster a positive outlook among investors despite the operational disruption.