Manali Petrochemicals Limited — Important, 03-02-2025: General Updates

The company has executed a Deed of Assignment with Fermenta Biotech Limited to acquire lease and related rights over premises located at the Saykha Industrial Estate in Gujarat. This agreement follows a previous Memorandum of Understanding and is subject to final approval from the Gujarat Industrial Development Corporation. This strategic move may enhance operational capacity and align with the company’s growth objectives. Investors should monitor developments related to this acquisition, as it could lead to positive operational synergies and growth opportunities in the future.