Partnership16 Jan 2025, 10:50 pm
Sudarshan Pharma Industries Ltd Enters into Rent Agreement for New R&D Formulation Centre
AI Summary
Sudarshan Pharma Industries Ltd has entered into a rent agreement with M/s. Daundi Biological Private Limited for a period of 5 years starting from 29th December 2024. The new Research & Development formulation centre is expected to commence operations in March 2025 in Dehradun, Uttarakhand, India.
Key Highlights
- Sudarshan Pharma Industries Ltd has entered into a 5-year rent agreement with M/s. Daundi Biological Private Limited.
- The new R&D formulation centre will be set up in Dehradun, Uttarakhand, India.
- The operations of the R&D centre are expected to commence in March 2025.
- The agreement is not in any way related to promoters, promoter group, or group companies.
- The transaction is not a related party transaction and is done at arm's length.