Neogen Chemicals Limited — Important, 02-08-2025: General Updates

Neogen Chemicals (NEOGEN) approved the financial results for the quarter. Consolidated revenue from operations stood at 186.73 Cr, with profit after tax at 10.26 Cr. The company received 80 Cr in fire insurance claims. Significant leadership changes include founder Mr. Haridas Kanani's retirement as CMD, assuming the Chairman Emeritus title. Mr. Anurag Surana will now chair the board, and a new Executive Director has been appointed. The board approved an additional Rs. 125 Cr corporate guarantee for its wholly-owned subsidiary and a fundraise of up to Rs. 200 Cr via NCDs, alongside establishing a new step-down subsidiary.