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Neogen Chemicals Limited — Capital/Financing Update 2025
Mar 18, 2025
60363_rns_2025-03-18_c0185650-5f29-44d7-b770-413e97c71e45.pdf
Capital/Financing Update
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March 18, 2025
BSE Limited
Department of Corporate Services, Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code No: 542665
National Stock Exchange of India Limited Listing Department, Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 Company Symbol: NEOGEN
Sub: Intimation under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") - Credit Rating of the Company for its borrowings.
Dear Sir/Madam,
Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“ the Listing Regulations ”), we would like to submit that the CRISIL Ratings Limited has reviewed the credit ratings on the bank facilities of Neogen Chemicals Limited (“ the Company ”) and its wholly owned subsidiary i.e. Neogen Ionics Limited and the credit rating for the bank facilities/ debt instruments is as given hereunder:
Rating Action:
| COMPANY | INSTRUMENT/FACILITY | EARLIER RATING | REVISED RATING ACTION |
|---|---|---|---|
| NeogenChemicals | Total Bank LoanFacilities Rated | ₹ 680 Crore | ₹ 680 Crore |
| Limited | Long Term Rating | CRISIL A / Stable (Reaffirmed) | CRISIL A/Watch Developing (Placedon ‘Rating Watch with DevelopingImplications’) |
| Short Term Rating | CRISIL A1 (Reaffirmed) | CRISIL A1/Watch Developing (Placedon ‘Rating Watch with DevelopingImplications’) | |
| NeogenIonics | Total Bank LoanFacilities Rated | ₹ 1,150 Crore | ₹ 1,150 Crore |
| Limited | Long Term Rating | CRISIL A-/Stable (Assigned) | CRISIL A-/Watch Developing (Placed |
| on ‘Rating Watch with Developing | |||
| Implications’) |
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----- Start of picture text ----- COMPANY CREDIT BANK FACILITIES BANK RATINGRATINGAGENCYNeogen CRISIL Cash Credit HDFC Bank Limited CRISIL A/Watch DevelopingChemicals Ratings Cash Credit Axis Bank Limited CRISIL A/Watch DevelopingLimited Limited Cash Credit State Bank of India CRISIL A/Watch DevelopingCash Credit IDBI Bank Limited CRISIL A/Watch DevelopingLong Term Loan Axis Bank Limited CRISIL A/Watch Developing----- End of picture text -----
Registered Office : 1002, Dev Corpora, Cadbury Junction, Eastern Express Highway, Thane (W) 400 601, India. CIN No . L24200MH1989PLC050919
E : [email protected] T : +91 22 2549 7300 W : www.neogenchem.com F : +91 22 2549 7399
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----- Start of picture text ----- Long Term Loan Kotak Mahindra Bank CRISIL A/Watch DevelopingLimitedLong Term Loan HDFC Bank Limited CRISIL A/Watch DevelopingLong Term Loan Bandhan Bank Limited CRISIL A/Watch DevelopingProposed Long term - CRISIL A/Watch DevelopingBank loan facilityWorking capital IDBI Bank Limited CRISIL A1/Watch Developingdemand loanWorking capital Bandhan Bank Limited CRISIL A1/Watch Developingdemand loanWorking capital term HDFC Bank Limited CRISIL A/Watch DevelopingloanNeogen CRISIL Long term bank facility State bank of India CRISIL A-/Watch DevelopingIonics Ratings Long term bank facility Axis Bank Limited CRISIL A-/Watch DevelopingLimited LimitedProposed Long term - CRISIL A-/Watch DevelopingBank loan facilityWorking capital facility Axis Bank Limited CRISIL A-/Watch Developing----- End of picture text -----
Please visit www.crisilratings.com and search the name of the rated entity to access the latest rating/s.
The same may please be taken on record. This information is also being uploaded on the company’s website at https://neogenchem.com/announcements/
Thanking You,
For NEOGEN CHEMICALS LIMITED
UNNATI Digitally signed by UNNATI RAJESH RAJESH KANANI KANANI
Unnati Kanani Company Secretary & Compliance Officer Membership No: A35131
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E : [email protected] W : www.neogenchem.com
Registered Office : 1002, Dev Corpora, Cadbury Junction, Eastern Express Highway, Thane (W) 400 601, India. CIN No . L24200MH1989PLC050919
T : +91 22 2549 7300 F : +91 22 2549 7399