538634 Board Approves MoU for API Manufacturing with Holding Co.

Vasundhara Rasayans Limited's Board of Directors has approved a Memorandum of Understanding cum Loan-Lease Agreement with its holding company, PandJ Cretechem Private Limited. This agreement establishes a manufacturing arrangement for Active Pharmaceutical Ingredients (APIs) at the holding company's facility in Dahej, Gujarat. This move follows the termination of the company's previous manufacturing facility agreement in Mahad, Maharashtra, disclosed on March 30, 2026. The transaction was recommended by the Audit Committee and is considered an arm's length related party transaction. The listed entity will be responsible for obtaining the necessary licenses to manufacture APIs at the new facility, with no transfer of ownership or intellectual property involved.