Welcure Drugs & Pharmaceuticals Completes Export-Sourcing Orders Worth Rs. 299.91 Crores

Welcure Drugs & Pharmaceuticals Ltd has successfully completed export-sourcing orders aggregating to Rs. 299.91 crores. The company acted as a procurement agent and earned a fixed 5% commission on these orders. The buyers settled the cost of goods directly. The transactions were fee-based and executed in the ordinary course of business. No related parties were involved and the company remains debt-free. The commission income will be recognized on receipt as per Ind AS 115. The disclosure was made after the completion of consignments, expressing regret for any inconvenience caused by the timing.