Neogen Chemicals Limited has received an additional amount of Rs 15 Cr towards the fourth on-account payment for the fire incident that occurred at its Dahej SEZ facility. The payment, received on July 16, 2026, covers loss of property, plant, and equipment based on surveyors' recommendations. The total on-account claim received to date stands at Rs 155 Cr, including this latest tranche.

The fire, which took place on March 5, 2025, affected the Multi-Purpose Plant (MPP3)- Facility, warehouse, and tank farms. The company has recognized a net loss of Rs 13.56 Cr (Rs 14.08 Cr on a consolidated basis) in FY 2024-25 after accounting for the damage and insurance receivables. The total assessed loss was Rs 348.16 Cr, against which the company recognized an insurance claim receivable of Rs 334.60 Cr.

Further settlement of claims will be determined in stages following the completion of the assessment for loss of assets, loss of profit due to business interruption, and reinstatement value. The company has not accounted for claims regarding loss of profit and excess reinstatement value over written down value, adhering to accounting conservatism.

Financial Impact and Salvage

The company has realized Rs 9.38 Cr from the sale of salvaged scrap and incurred incidental charges of Rs 1.41 Cr, which have been claimed under the insurance policy. The table below details the financial figures reported in the filing.

Operational Status

Production and operations at the affected MPP3 facility remain temporarily suspended. Construction of the replacement plant is progressing rapidly, with commissioning scheduled for H1FY27. To mitigate business disruption, the company has shifted the production of critical select specialty products to other sites with customer approval and is proceeding with a planned expansion at its Patancheru Plant.

Promoter Dr. Harin Kanani has pledged 13,19,083 equity shares of Neogen Chemicals as of March 30, 2026. The disclosure confirms this was the sole instance of encumbrance creation by the promoter group during the financial year ended March 31, 2026.

Haridas Thakarshi Kanani, a promoter of Neogen Chemicals, submitted the declaration to the stock exchanges under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing explicitly states that apart from the pledge by Dr. Harin Kanani, there was no creation, invocation, or release of encumbrance on any shares held by the promoter or persons acting in concert during FY26.

The disclosure was addressed to BSE Limited and National Stock Exchange of India Limited. Copies of the submission were forwarded to the Audit Committee and Unnati Kanani, the Company Secretary and Compliance Officer of Neogen Chemicals.

Key Disclosure Details