Neogen Chemicals Limited , a leading specialty chemicals manufacturer, has announced significant changes in its leadership structure along with its financial results for the first quarter of fiscal year 2026.

Leadership Transition

The company's Board of Directors has approved a series of leadership changes, marking a new chapter in Neogen's corporate governance:

• Chairman and Managing Director Retirement: Mr. Haridas Kanani, the founder and current Chairman and Managing Director, will retire on September 30, 2025. In recognition of his visionary leadership and outstanding contributions, the Board has conferred upon him the honorary title of 'Chairman Emeritus' effective October 1, 2025.

• New Chairman Appointment: Mr. Anurag Surana, currently serving as a Non-Executive Non-Independent Director, will assume the role of Chairman and Non-Executive Non-Independent Director from October 1, 2025.

• Executive Director Appointment: The Board has recommended the appointment of Mr. Triplicane Commandoor Narasimhan Saikrishnan as Executive Director for a five-year term, starting October 1, 2025.

• Whole Time Director Re-appointment: Mr. Shyamsunder Upadhyay has been re-appointed as Whole Time Director for a three-year term, commencing October 1, 2025.

Financial Performance

Neogen Chemicals reported its standalone financial results for Q1 FY2026 (quarter ended June 30, 2025):

The company's performance demonstrates resilience in a challenging economic environment.

Corporate Actions

In addition to the leadership changes, Neogen Chemicals has taken several corporate actions:

1. The 36th Annual General Meeting is scheduled for September 26, 2025.

2. The Board has approved an additional corporate guarantee of ₹125 crores for its wholly-owned subsidiary, Neogen Ionics Limited.

3. The company is planning to raise funds up to ₹200 crores through the issuance of non-convertible debentures on a private placement basis.

Subsidiary Developments

Neogen Chemicals continues to expand its global footprint:

• Neogen Ionics Limited, a wholly-owned subsidiary, has incorporated a new entity named Neogen Morita New Materials Limited on July 30, 2025.

• The company has invested JPY 200,00,000 (equivalent to ₹1.19 crores) in Neogen Chemicals Japan Corporation Limited, its wholly-owned subsidiary in Japan.

These strategic moves are expected to strengthen Neogen's position in the specialty chemicals market and drive future growth.

As Neogen Chemicals navigates through this transition period, the company remains committed to its core values of excellence, integrity, and innovation in the specialty chemicals sector.

Neogen Chemicals Limited , a leading specialty chemicals manufacturer, has taken a significant step towards expanding its presence in the rapidly growing lithium-ion battery materials market. The company has incorporated a new step-down subsidiary, marking a strategic move to capitalize on the increasing demand for battery materials.

New Subsidiary Details

Neogen Morita New Materials Limited (NMNML), the newly incorporated entity, is a wholly-owned subsidiary of Neogen Ionics Limited, which in turn is a wholly-owned subsidiary of Neogen Chemicals Limited. This structure makes NMNML a step-down subsidiary of Neogen Chemicals.

Financial Structure

The financial structure of the new subsidiary is as follows:

Neogen Ionics Limited has subscribed to 100% of NMNML's share capital through cash consideration, investing Rs. 10.00 lakh for 1,00,000 equity shares.

Strategic Objectives

The primary objective behind the incorporation of NMNML is to address growth opportunities in the lithium-ion battery material space. The company will focus on:

1. Developing electrolyte salts for internal consumption
2. Meeting the global market demand for battery materials

This move aligns with the growing trend of electrification in various industries, particularly in the automotive sector, where lithium-ion batteries play a crucial role.

Potential Joint Venture

In a related development, Neogen Ionics Limited is in advanced discussions with Morita Chemicals Industries Co. Limited of Japan for the formation of a joint venture company in India. The incorporation of NMNML is expected to facilitate this potential partnership, potentially bringing together Neogen's expertise in specialty chemicals and Morita's experience in the battery materials sector.

Industry Positioning

NMNML will operate in the specialty chemicals industry, focusing specifically on lithium-ion battery materials. This strategic expansion positions Neogen Chemicals to tap into the burgeoning market for electric vehicle components and energy storage solutions.

The company has stated that NMNML is yet to commence its business operations, indicating that this is the initial phase of Neogen's foray into the battery materials market.

As the demand for lithium-ion batteries continues to grow globally, Neogen Chemicals' strategic move to establish NMNML could potentially open up new revenue streams and strengthen its position in the specialty chemicals market. Investors and industry observers will be keenly watching how this new venture unfolds and contributes to Neogen's overall growth strategy in the coming years.