New Launch21 Dec 2025, 06:00 pm
Novelix Pharmaceuticals Ltd Executes Lease Deed with Neovantage Innovation Park for Laboratory Space
AI Summary
Novelix Pharmaceuticals Ltd has executed a lease deed with Neovantage Innovation Park Private Limited for Laboratory Space including Land & Building at genome valley, Hyderabad for a period of 5 years starting from 1st January, 2026. The company will pay a monthly rent of Rs. 272,300.00 plus taxes, which will increase by 5% every year. The lease is not a related party transaction and the company will establish a Research and Development facility for pharmaceutical, biotech research & development and formulations.
Key Highlights
- Novelix Pharmaceuticals Ltd has executed a lease deed with Neovantage Innovation Park Private Limited.
- The lease is for a period of 5 years starting from 1st January, 2026.
- The company will pay a monthly rent of Rs. 272,300.00 plus taxes, which will increase by 5% every year.
- The lease is not a related party transaction.
- The company will establish a Research and Development facility for pharmaceutical, biotech research & development and formulations.