Quest Laboratories Limited — Important, 09-04-2025: Disclosure of material issue

Quest Laboratories has taken a significant step in expanding its business operations by acquiring a lease for additional office space in Pithampur, Madhya Pradesh. This expansion focuses on enhancing the company’s Oncology and Injectable Section. The leased plot, measuring 44,000 sq. ft., matches the size of their existing land, ensuring adequate capacity for growth.

The company has also engaged a Pharma Consultant for plant design, with ongoing activities to secure necessary approvals and designs. Production is anticipated to commence in the financial year 2025-26, positioning Quest Laboratories for future growth. The expansion is funded through IPO proceeds, reflecting confidence in the strategic direction and long-term vision of the company. Investors should monitor this development closely, as it could offer significant growth opportunities in the evolving pharmaceutical sector.