Neogen Chemicals Limited Completes Preferential Allotment of 10,00,000 Equity Shares to Cadamba Solutions

Neogen Chemicals Limited has completed the preferential allotment of 10,00,000 equity shares to Cadamba Solutions Private Limited, aggregating to Rs 161 crore. The Fund Raising Committee of the Board of Directors approved the allotment on April 18, 2026, following regulatory approvals from both BSE Limited and National Stock Exchange of India Limited received on April 17, 2026.

The equity shares, with a face value of Rs 10 each, were allotted at a price of Rs 1,610 per share, including a premium of Rs 1,600 per share. The issue price is 17.02% above the floor price of Rs 1,375.82, calculated in accordance with Regulation 164 of the SEBI ICDR Regulations. Cadamba Solutions Private Limited, categorized as a Promoter Group Member, received the entire allotment.

Allotment Details

Sr. No. Name of Allottee Category No. of Equity Shares Allotted Total Value of Shares in INR 1 Cadamba Solutions Private Limited Promoter Group Member 10,00,000 161,00,00,000 TOTAL 10,00,000 161,00,00,000

Following the allotment, the issued, subscribed, and paid-up equity share capital of the company increased from Rs 26,38,16,740 to Rs 27,38,16,740. Post-allotment, Cadamba Solutions Private Limited holds 10,00,000 equity shares, representing 3.65% of the company's share capital.

Regulatory Compliance

The equity shares allotted will be listed on both BSE Limited and National Stock Exchange of India Limited and will rank pari passu with existing equity shares in all respects, including dividend payment and voting rights. The shares are subject to lock-in requirements under Regulation 167 of the SEBI ICDR Regulations. Equity shares allotted to the promoter group category will be locked in for 18 months from the date of trading approval, with provisions for partial lock-in release based on the total capital of the issuer.

The preferential issue was conducted pursuant to the Special Resolution passed by members at the Extraordinary General Meeting held on March 29, 2026. The company has disclosed that there has been no cancellation or termination of the proposal for issuance of securities.

Axis Trustee Services Limited has disclosed receiving 20,19,167 equity shares of Neogen Chemicals as pledged securities, representing 7.65% of the company's paid-up capital. The disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, in their capacity as debenture trustee.

Regulatory Disclosure and Trustee Role

Axis Trustee Services Limited submitted the mandatory disclosure to both BSE Limited and National Stock Exchange of India Limited on April 14, 2025. The trustee clarified that they hold no beneficial interest in the pledged shares and received them solely in their capacity as debenture trustee pursuant to SEBI regulations.

Parameter: Details Shares Pledged: 20,19,167 equity shares Percentage of Capital: 7.65% Pledge Date: April 13, 2026 Trustee Entity: Axis Trustee Services Limited Total Share Capital: 2,63,81,674 shares

Share Pledge Transaction Details

The pledge creation involves Dr. Harin Haridas Kanani, a promoter of Neogen Chemicals, who pledged the shares to facilitate borrowing and fund raising by Cadamba Solutions Private Limited, a promoter group member. Prior to this transaction, Axis Trustee Services Limited held no shares or encumbrances in Neogen Chemicals.

Before Pledge: Holdings After Pledge: Holdings Voting Rights: NIL Voting Rights: NIL Encumbered Shares: NIL Encumbered Shares: 20,19,167 (7.65%) Total Holdings: NIL Total Holdings: 20,19,167 (7.65%)

Promoter Holdings Structure

Dr. Harin Haridas Kanani maintains significant holdings in Neogen Chemicals with 33,38,250 shares representing 12.65% of total share capital. The promoter group structure includes multiple family trusts and individual holdings across the Kanani family members.

Promoter Entity: Shareholding Percentage Haridas Kanani Family Trust: 52,76,500 shares 20.00% Dr. Harin Haridas Kanani: 33,38,250 shares 12.65% Beena Kanani Family Trust: 26,38,250 shares 10.00% Pallika Haridas Kanani: 9,98,000 shares 3.78%

Compliance and Market Information

The disclosure demonstrates adherence to SEBI's transparency requirements for substantial shareholding changes and encumbrance creation. Neogen Chemicals shares are listed on both major Indian stock exchanges, with the company maintaining a total equity share capital of 2,63,81,674 shares as per the latest shareholding pattern for the quarter ended December 2025. The transaction reflects the interconnected financial arrangements within promoter group structures while ensuring regulatory compliance through proper trustee mechanisms.

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