Neogen Chemicals Crisil downgrade to A2/A-; Q1 FY27 results; Rs.600 crore fundraise plan
Neogen Chemicals · Chemicals & Petrochemicals
Key highlights
- Crisil downgraded short-term rating to A2 from A1 and long-term to A-/Negative from A/Negative on July 17, 2026; Rs.200 crore NCD coupon rises to 11.00% from 10.50%
- Unaudited standalone and consolidated results for quarter ended June 30, 2026 approved; standalone profit for the period Rs.19.44 crore vs Rs.14.23 crore a year earlier
- In-principle approval to raise up to Rs. 600 crore via equity, QIP or other eligible securities, subject to member and regulatory approvals
Why it's rated major development: credit rating downgrade is always high
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Outcome Of Board Meeting
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Neogen Chemicals
- Fundraise / allotmentMajor developmentNeogen Chemicals reports Q2 FY27 revenues of ₹296 crore, 42% YoY growth
- Fundraise / allotmentMajor developmentNeogen Chemicals Sept-quarter results, ₹600 crore QIP and ₹200 crore NCD redemption plan
- Fundraise / allotmentMajor developmentNeogen Chemicals Q2 FY2026-27: QIP completed, standalone profit rises to ₹21.14 crore
- Fundraise / allotmentMajor developmentNeogen Chemicals reports Q2 FY 2026-27 results and QIP fund utilization update
- Fundraise / allotmentNotableNeogen Chemicals raises ~₹600 crore via first-ever QIP, oversubscribed over 6.5x
Other fundraise / allotment filings this fortnight
- IIFL Finance Limited announces preferential issue of shares and amendments on Nov 10, 2026
- IIFL Finance to raise ₹6,414 crore in primary equity infusion led by Blackstone
- Bajaj Finserv subscribes to 5,74,25,740 Bajaj Finance warrants at ₹1,010 each
- Supreme Engineering allots 14,50,00,000 warrants at ₹2.60 on preferential basis
- Bajaj Finance Limited allots 5.74 crore warrants to Bajaj Finserv on 10 Nov 2026
- Bajaj Finance approves preferential issue of 5.74 crore warrants to Bajaj Finserv
Potential multibaggers · Q2 FY27
Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance
- Strong growth2
- Strong growth1
- 3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.