Neogen Chemicals Limited — Important, 18-07-2025: General Updates

Neogen Chemicals and its subsidiary, Neogen Ionics, have received updated credit ratings from CRISIL. The long-term ratings for Neogen Chemicals (CRISIL A) and Neogen Ionics (CRISIL A-) have been re-affirmed and removed from 'Rating Watch with Developing Implications'. However, a 'Negative' outlook has been assigned to both. This outlook signals potential for a downgrade due to business or financial risks. The ratings cover bank facilities of ₹680 Cr for Neogen Chemicals and ₹1,150 Cr for Neogen Ionics, plus new Non-Convertible Debentures of up to ₹200 Cr for the parent company.