Neogen Chemicals reports half-year results, addresses compliance fine and fire incident

Neogen Chemicals Limited's board of directors approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. Standalone net profit for the half year stood at INR 23.55 crores, with basic earnings per share at INR 8.93. Total standalone income for the half year was INR 398.94 crores. On a consolidated basis, net profit for the half year was INR 13.63 crores, with basic earnings per share at INR 5.18, and total consolidated income reached INR 398.45 crores.

The company also noted a fine of INR 1,69,920 (including GST @18%) levied by BSE Limited and National Stock Exchange of India Limited for the quarter ended June 2025. This fine was due to non-compliance with Regulation 17(1A) of the Listing Regulations, specifically regarding the re-appointment of a non-executive director aged 75 years without explicit mention of the regulation in the special resolution. The company has applied for a waiver of this fine.

Additionally, a fire incident on March 5, 2025, at its Dahej SEZ Plant resulted in a recognized loss of INR 348.16 crores on a standalone basis (INR 362.90 crores consolidated), with an insurance claim receivable of INR 334.60 crores (INR 348.82 crores consolidated). The company received INR 80.92 crores as on account payment from the insurance company during the half year ended September 30, 2025, reducing the net claim receivable to INR 253.68 crores.