November 1, 2019

BSELimitedDepartment of Corporate ServicesFloor 25, Phiroze Jeejeebhoy Towers,Dalal Street,Mumbai 400 001

Scrip Code No: 542665

Dear Sir/Madam,

Sub: Intimation of Revision in Credit Rating.

)(.:.NEOGEN..".~~ CHEMICALS LTD.A.

. nal Stock Exchange of India LimitedListing Depa ent,Exchange Plaza,Bandra Kurla Complex, dra (East),Mumbai - 400051

Company Symbol: NEOGEN

Pursuant to Regulation 30(6) read with Schedule III of SEBI (Listing Obligations and DisclosureRequirements) Regulation, 2015 ("the Regulation"), we would like to inform that based on CRISILRatings' on the bank facilities, the Credit Rating of the Company, has been Positive.

In accordance with the Regulation, please find below the details of the revision in rating of the Company:

Name of Creditthe RatingCompany Agency~--~~--+-~--~~-------------1------------~------------r---------------

CRISILNeogenChemicalsLimited

Bank Facilities

Cash Credit

India

Revised Rating

CRISILBBB+/Positive

CRISILBBB+/PositiveIndia BBB+/Stable

State Bank of CRISILA2

Bank ExistingRating

Yes Bank CRISILLimited BBB+/Stable

State Bank of CRISIL

Citibank N.A CRISIL CRISILBBB+/PositiveCRISILBBB+/Positive

BBB+/Stable

Proposed CRISILBBB+/Stable

HDFCLimited

Bank N.A

Letter of CreditWorking Capital

CRISILA2

CRISILBBB+/Positive

Term Loan

HDFC BankLimited

N.A

Citibank N.A CRISILBBB+/Stabl~ _. BBB+/Positive

CRISILBBB+/PositiveCRISIL

~ -=~~~-~E : sales@neogenchem.com __. T : +91 2225497300W: www.neogenchem.com - F : +91 22 2549 7399

Registered Office: 1002, Dev Corpora, Cadbury Junction,Eastern Express Highway, Thane (W) 400601, India.

CIN No. U24200MH1989PLC050919

The same may please be taken on record.

Thanking you.

Yours faithfully

for Neogen Chemicals Limit~trE-~G....- +-; 0_~/ .~

AA cl ~./.:J / f"~ (!)\T -.. \q...-, '}

Lalit Karne ~'T

Company Secretary & Compliance OfficerMembership No: ACS47403

Yes Bank CRISILLimited BBB+/Stable

CRISILBBB+/Positive

)(.=~NEOGEN.."....•.......,. CHEMICALS LTD.

ANovember 1, 2019

Departmen Corporate ServicesFloor 25, Phiroze [eebhov Towers,Dalal Street,Mumbai 400 001

The National Stock Exchange of India LimitedListing Department,Exchange Plaza,Bandra Kurla Complex, Bandra (East),Mumbai - 400051

Scrip Code No: 542665 Company Symbol: NEOGEN

Sub: Intimation of Revision in Credit Rating.

Dear Sir/Madam,

Pursuant to Regulation 30(6) read with Schedule III of SEBI (Listing Obligations and DisclosureRequirements) Regulation, 2015 ("the Regulation"), we would like to inform that based on CRISILRatings' on the bank facilities, the Credit Rating of the Company, has been Positive.

In accordance with the Regulation, please find below the details of the revision in rating of the Company:-

Name of Credit Bank Facilities Bank Existing Revised Ratingthe Rating RatingCompany Agency

Yes Bank CRISIL CRISIL

ILimited BBB+/Stable BBB+/Positive

State Bank of CRISIL CRISILIndia BBB+/Stable BBB+/Positive I

Cash CreditCitibank N.A CRISIL CRISIL

BBB+/Stable BBB+/PositiveI

HDFC Bank N.A CRISILLimited BBB+/Positive IState Bank of CRISILA2 CRISILA2

Neogen Letter of Credit IndiaChemicals CRISIL -

Working Capital Proposed CRISIL CRISILLimited BBB+/Stable BBB+/Positive

HDFC Bank N.A CRISILLimited BBB+/Positive

Term Loan Citibank N.A CRISIL CRISILBBB+/Stable BBB+/Positive

""

Registered Office: 1002, Dev Corpora, Cadbury Junction,Eastern Express Highway, Thane (W) 400 601, India.CIN No. U24200MH1989PLC050919

E : sales@neogenchem.comW : www.neogenchem.com

T : +91 22 2549 7300F : +91 2225497399

Thanking you.

The same may please be taken on record.

Yours faithfully

for Neogen Chemicals ~i )tea 0,I...G ~_oC

A l~ (~/~~ ~~

Lalit Karne ,<.~~-:/#'.1Company Secretary & Compliance-OffIcerMembership No: ACS47403

Yes Bank CRISILLimited BBB+/Stable

CRISILBBB+/Positive