Neogen Chemicals disclosed an off-market gift of 354 equity shares by Mrs. Heena Hitesh Reshamwala to Mr. Viren Reshamwala on August 25, 2026. The transaction, valued at nil consideration, was reported under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Mrs. Reshamwala, the spouse of Mr. Hitesh Reshamwala, transferred the shares to Mr. Viren Reshamwala, who is related to Mr. Hitesh Reshamwala. The transfer reduced Mrs. Reshamwala’s holding from 6,173 shares (approximately 0.02% of paid-up capital) to 5,819 shares. Concurrently, Mr. Viren Reshamwala’s holding increased from 500 shares to 854 shares.

Transaction Details

The pre-clearance for the transaction was sought between August 19, 2026, and August 27, 2026. The company confirmed that no unpublished price-sensitive information was in possession during the trade.

The disclosure was submitted within two days of the transaction execution, adhering to regulatory timelines. No derivatives trading was reported alongside this equity transfer.

Neogen Chemicals Limited published the consolidated voting results and scrutinizer’s report for its 37th Annual General Meeting (AGM) held on August 21, 2026. Shareholders approved all five agenda items, including a special resolution to authorize future fundraising.

The meeting, conducted via Video Conferencing or Other Audio-Visual Means (VC/OAVM), commenced at 5:00 pm and concluded at 6:31 pm. Unnati Kanani, Company Secretary and Compliance Officer, confirmed that the requisite quorum was present. CS Devendra Deshpande of DVD & Associates served as the independent scrutinizer for the e-voting process.

Resolutions Approved

Members voted on five agenda items during the session. The ordinary business included adopting the audited standalone and consolidated financial statements for FY26 and reappointing Dr. Harin Kanani as Managing Director. The special business involved authorizing future fundraising.

Voting Details

The total number of votes cast across all resolutions was 2,04,30,722. Voting was conducted through remote e-voting and electronic voting during the AGM facility provided by MUFG Intime India Private Limited.

The resolution to authorize the issuance of securities through permissible modes of fund-raising secured 98.74% of valid votes in favor, with 2,57,405 votes cast against. All other ordinary resolutions received unanimous or near-unanimous support.

Management Discussion

Dr. Harin Kanani briefed members on the company’s financial performance and future growth plans. He noted that the Statutory Auditors’ Report and Secretarial Auditors’ Report contained no qualifications or adverse comments.

Shareholders raised questions regarding revenue, profit, EBITDA, and Return on Capital Employed (ROCE) growth projections for the next three to five years. Other topics included the expected revenue contribution from new battery material products, the capacity of the Dahej Replacement Plant, and the commissioning status of the Pakhajan Facility.

Investors also inquired about Non-FEOC compliance, pricing of battery materials, benefits from Production Linked Incentive (PLI) schemes, and the joint venture with Morita Investment Limited. Further queries covered the downgrade in credit rating, annual interest burden, control measures, and insurance claim status following the fire incident at the Dahej SEZ Plant.

Dr. Kanani provided clarifications on these matters, including details on R&D expenses, Corporate Social Responsibility (CSR) spend, performance in core specialty chemicals, and the impact of AI usage on business operations.