Neogen Chemicals has received an approval for the incorporation of Wholly Owned Subsidiary (WoS) with the name as may be approved by Registrar of Companies, Mumbai, Maharashtra. The WOS is proposed to be incorporated with the main object to address the growth opportunities in Energy Storage such as Lithium- Ion Battery material space and other future energy storage chemistries. The Board of Directors of the company at its meeting held on February 11, 2023 has considered and approved the same.
Neogen Chemicals is one of India’s leading manufacturers of bromine-based, and lithium-based, specialty chemicals.