Neogen Chemicals Ltd - 542665 - Board Meeting Outcome for Intimation Of Technology License Agreement
With regards to the captioned subject and in compliance with the Listing Regulations, we wish to inform you that the Board of Directors of Neogen Chemicals Limited ('Neogen') has at its meeting held today i.e. Monday, April 10, 2023 which commenced at 2.30 p.m. (IST) and concluded at 3.22 p.m.(IST), inter alia, considered and approved the execution of an agreement with MU Ionic Solutions Corporation ('MUIS'), Japan (a JV between Mitsubishi Chemical Corporation (MCC) and UBE Corporation and is a group company of The Mitsubishi Chemical Group (the group) a Japanese conglomerate) ('the Agreement'), to acquire manufacturing technology license for electrolytes in India subject to the terms and conditions as mentioned in the Agreement ('Transaction'). The details required under regulation 30 of the Listing Regulations, read with SEBI Circular No. CIR/CFD/CMD /4/2015 dated September 9, 2015 is attached herewith.10-04-2023