Neogen Chemicals' Fund Raising Committee approved allotting 10,00,000 equity shares with a face value of Rs. 10 each.

These shares were allotted at a price of Rs. 1,610 per share, including a premium of Rs. 1,600, aggregating to Rs. 161 Crore.

The shares were issued on a preferential basis to Cadamba Solutions Private Limited, a promoter group member.

This allotment increases the company's paid-up equity share capital from Rs. 26,38,16,740 to Rs. 27,38,16,740. The new equity shares will be listed on BSE and NSE, representing a capital infusion for the company.