Neogen chemicals conducted an extraordinary general meeting on March 29, 2026, to deliberate on the preferential issuance of equity shares to its promoter group members. The meeting was held entirely through video conferencing and other audio-visual means, reflecting the company's adherence to regulatory guidelines for virtual shareholder meetings.

Meeting Structure and Participation

The EGM commenced at 11:30 a.m. IST and concluded efficiently at 11:56 a.m. IST under the chairmanship of Mr. Anurag Surana, Chairman and Non-Executive Director. Company Secretary Unnati Kanani welcomed shareholders, directors, and auditors who participated through the electronic platform provided by MUFG Intime India Private Limited (formerly Link Intime India Private Limited).

Voting Arrangements and Timeline

The company facilitated comprehensive voting arrangements for shareholders through multiple channels. Remote e-voting was available from Thursday, March 26, 2026, at 9:00 a.m. IST through Saturday, March 28, 2026, at 5:00 p.m. IST. Additionally, e-voting during the EGM was provided for members who had not participated in remote voting.

E-voting Guidelines

The voting process followed strict protocols to ensure fairness and transparency:

• Members who voted remotely could participate in the EGM but could not vote again
• E-voting during the meeting was restricted to those who had not voted remotely
• Remote e-voting results took precedence over EGM voting in case of duplicate participation
• CS Devendra V. Deshpande from DVD & Associates was appointed as scrutinizer

Business Agenda and Resolutions

The meeting focused on a single special resolution regarding equity share issuance:

Management Response to Shareholder Queries

Dr. Harin Kanani, Managing Director, addressed various shareholder concerns during the meeting. The queries covered multiple aspects of the proposed preferential share issue, including the objectives behind the current equity share issuance, planned utilization of proceeds from the issue, existing shareholding patterns of foreign investors, and potential impacts of ongoing geopolitical situations on company operations.

Regulatory Compliance and Documentation

The meeting proceedings were conducted in full compliance with Regulation 30 of SEBI (Listing Obligation and Disclosures Requirements) Regulations 2015. The notice for the EGM dated March 7, 2026, along with a corrigendum dated March 17, 2026, was distributed to all registered shareholders via email and made available on the company website.

Results Declaration Timeline

The company announced that consolidated voting results from both remote e-voting and EGM e-voting would be declared within 48 hours of the meeting's conclusion. These results will be published on multiple platforms including the company website, BSE Limited, National Stock Exchange of India Limited, and the registrar's website for comprehensive stakeholder access.

Neogen chemicals has published newspaper advertisements regarding the corrigendum to its Extraordinary General Meeting (EGM) notice, following the comprehensive clarifications issued in response to stock exchange queries about its proposed Rs. 161.00 crore preferential issue.

Regulatory Compliance and Publication Requirements

Pursuant to Regulation 30 and 47 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, the company published newspaper clippings in Financial Express (English Daily) and Mumbai Lakshadeep (Marathi Daily) on March 18, 2026. The advertisements provide corrigendum details for the EGM scheduled on March 29, 2026 at 11:30 a.m. (IST) through Video Conference/Other Audio-Visual Means (OAVM).

The newspaper clippings have been uploaded to the company's website at https://neogenchem.com/announcements/ in the issue of securities tab, ensuring comprehensive accessibility for all stakeholders.

Enhanced Fund Utilization Details

The corrigendum provides comprehensive information on the utilization of issue proceeds totaling Rs. 161.00 crore across three key areas with specific deployment timelines:

The company has indicated that there may be variations not exceeding +/- 10% in the estimated amounts for each object. Pending utilization, proceeds will be invested in money market instruments or scheduled commercial bank deposits as permitted under applicable laws.

Neogen Ionics Limited - Battery Materials Strategy

The largest portion of funds, Rs. 100.00 crore, will be invested in Neogen Ionics Limited (NIL), a wholly-owned subsidiary incorporated on March 29, 2023. NIL focuses on battery chemicals business, particularly lithium-ion battery materials including electrolytes and lithium salts.

The subsidiary has acquired approximately 65 acres of land in Pakhajan, Dahej PCPIR, Gujarat, in December 2023 for establishing a battery materials facility. The comprehensive project includes:

• 30,000 MTA electrolyte capacity with MUIS Technology License
• 3,000 MTA specialty lithium electrolyte salts and additives at Pakhajan
• Additional 2,000 MTA electrolyte capacity at Dahej SEZ
• 2,500 MTA specialty lithium electrolyte salts/additives using indigenous technology

Project Economics and Investment Structure

Promoter Group Changes and Allottee Details

The corrigendum provides detailed information about Cadamba Solutions Private Limited, incorporated on December 15, 2025, which belongs to the promoter group and is owned by promoter Dr. Harin Kanani. Cadamba is proposed to be allotted 10,00,000 equity shares at Rs. 1,610.00 per share, representing a premium over the floor price of Rs. 1,375.82 per share.

The document details inter-se transfers of shares executed on December 31, 2025, by promoter and promoter group members to their respective family trusts pursuant to SEBI exemption order WTM/KCV/CFD/17/2025-26:

Documentation and Compliance Framework

The company has confirmed that a certificate from DVD & Associates, Company Secretaries, certifying compliance with SEBI ICDR Regulations will be available for member inspection during the meeting and on the company website. The corrigendum emphasizes that all fund deployment will be completed within 90 days of equity share allotment.

Due to the inter-se transfers during the 90 trading days preceding the relevant date, Cadamba has made an application to SEBI pursuant to regulation 300 of SEBI ICDR regulations seeking exemption from strict application of regulation 159. The current and proposed status of Cadamba remains as promoter group member post the preferential issue.