Neogen Chemicals Limited — Important, 31-07-2025: General Updates

Neogen Chemicals' wholly-owned step-down subsidiary, Neogen Morita New Materials Limited (NMNML), has been incorporated. NMNML, a subsidiary of Neogen Ionics, targets growth in Lithium-Ion Battery materials, specifically electrolyte salts for internal use and global demand. The new entity has an authorized capital of Rs. 5 Cr and initial paid-up capital of Rs. 0.10 Cr. This strategic move also facilitates potential Joint Venture discussions between Neogen Ionics and Japan's Morita Chemicals Industries Co. Limited, signaling expansion into a key high-growth sector.