Par Drugs and Chemicals Limited — Important, 29-03-2025: Updates

The company has received an initial payment of Rs. 51.00 Cr from Phal-Jig Fine Chemicals Private Limited as part of the slump sale of its existing business unit. The remaining balance will be paid gradually by December 31, 2025, contingent upon the clearance of title deeds, licenses, and any necessary government and statutory approvals. This transaction signifies a strategic move for the company, providing liquidity to support future operations or investments. Investors should monitor the timely completion of the remaining payments and any potential implications for the company's financial health.