Neogen Chemicals Step-down Subsidiary Rights Issue

Neogen Ionics approves ₹100.11 crore rights issue investment in step-down subsidiary Neogen Morita.
Neogen Morita increases authorized capital to ₹9.9 crore and issues 7.1 million shares at ₹141 each.
Transaction is related party but exempt from SEBI and Companies Act approval requirements.
Funds will support lithium-ion battery material business expansion and general corporate purposes.