Neogen Chemicals Ltd

Neogen Chemicals Ltd Technicals

Neogen Chemicals Ltd Financials

Neogen Chemicals Ltd Shareholding Pattern

About Neogen Chemicals Ltd

Neogen Chemicals Limited was incorporated as a Private Limited Company as Neogen Chemicals Private Limited' on March 7, 1989 in Thane, Maharashtra. Subsequently, Company was converted to a Public Limited and the name was changed to Neogen Chemicals Limited' on July 2, 1998. Neogen is one of India's leading manufacturers of bromine-based compounds, lithium and bromine salts and grignard chemicals. Specialty chemicals are those chemicals that impart different properties to a variety of products (i.e. the effect that specialty chemicals have varies based on the product) and have a high degree of value addition. Specialty chemicals are manufactured in smaller volumes when compared to non-specialty chemicals. Specialty chemicals, including bromine and lithium-based compounds, comprise pharmaceutical intermediates, agrochemical intermediates, engineering fluids, electronic chemicals, polymers additives, water treatment chemicals, construction chemicals and flavours and fragrances. The Company commenced its business operations in 1991, at Mahape, in Navi Mumbai manufacturing facility with a few Bromine Compounds and Lithium Compounds. In addition to manufacturing its standard products, the company undertakes custom synthesis and contract manufacturing. In custom synthesis the product is developed and customized primarily for a specific customer, but process know-how and technical specifications are developed in-house by the company. Further, it also commenced contract manufa ...cturing where, the product is developed under confidentiality for a single customer using the process know-how and the technical specifications provided by customer. Contract manufacturing enabled to increase its bouquet of product offering. The Company differentiates itself in the contract manufacturing space by additionally offering process innovation, which, generally, reduces the overall operating costs for their customers. In April 2019, the Company came out with an Initial Public Offering of 6,155,813 equity shares by raising equity capital from public aggregating Rs 132.35 Crores. The offer comprises of a fresh issue of 3,255,813 equity shares aggregating Rs 70 crores by the company and an offer for sale of 1,699,600 equity shares by Haridas Thakarshi Kanani (promoter selling shareholder) and 1,200,400 equity shares by Beena Haridas Kanani (promoter group selling shareholder, and along with the promoter selling shareholder aggregating Rs 62.35 Crores. The Company started the Organic Chemical production at Dahej SEZ (Gujarat) in April 2021. The aggregate manufacturing capacity of Inorganic Chemicals was doubled to 2,400 MT p.a. after the commencement of its operations in Feb 2020. In 2021-22, the Company began with Phase I and Phase II commercial operations of Organic Chemicals at full scale at Dahej SEZ plant. With completion of Phase I and Phase II Expansions and other brownfield expansions, the total organic chemicals manufacturing capacity of the Company increased from 130 Kilo litres of Reactor capacity to 407 Kilo litres of Reactor capacity. In 2023, Company acquired 100% stake in BuLi Chemicals India Private Limited and it became the wholly-owned subsidiary of the Company. The Company forayed into the electrolyte market by signing an agreement with Japan-based MU Iconic Solutions Corporation to acquire a manufacturing technology licence to make electrolytes for lithium-ion batteries for vehicles in India. The Company incorporated a Wholly Owned Subsidiary of the Company on March 29, 2023, named 'Neogen Ionics Limited'. Neogen Chemicals Japan Corporation Limited, a wholly-owned subsidiary of the Company was incorporated in July 2024. Buli Chemicals Ltd got merged with the Company, through Scheme of Merger, making it effective from January 31, 2025. The Plant for manufacturing 2,000 MT of Electrolyte was commissioned at Dahej in FY 2025. In FY 2026, Company's subsidiary, Neogen Ionics commenced commercial sales of Electrolytes and Lithium Electrolyte Salts from its Dahej facility. Greenfield Battery Materials project at Pakhajan has commissioned during the year. The Company expanded Patancheru plant capacity (BuLi Chem) from 120 MT to 300 MT.