Neogen Chemicals’ wholly owned subsidiary -- Neogen Ionics has received approval for incorporation of wholly owned subsidiary in the name of Neogen Morita New Materials or such other name as would be approved by the ROC, Mumbai, Maharashtra.
The main object is to address growth opportunities in Lithium- Ion Battery material space, especially related to electrolyte Salts needed for internal consumption for electrolytes as well as to meet global market demand. Further, Neogen Ionics is in advance discussion with Morita Chemicals Industries Co. of Japan for formation of a Joint Venture Company (JVC) in India and to facilitate the same Neogen Ionics is in the process of formation of this wholly owned subsidiary.
The Board of Directors of Neogen Ionics, at its meeting held May 17, 2025, has approved the same.
Neogen Chemicals is specializing in Bromine based compounds, Grignard Reagents and Inorganic Lithium Salts.
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