Novelix Pharmaceuticals Ltd — Important, 02-06-2026: Company Update

Novelix Pharmaceuticals has received disclosures that its promoter group, SRINIDHI FINE CHEMICALS LLP, has increased its stake in the company. The promoter group acquired 30 lakh equity shares worth INR 3 Crore. These shares were obtained through the conversion of warrants previously issued on a preferential allotment basis. This move by the promoter group signals confidence in the company's future prospects, as insiders are increasing their ownership. This is a positive development for existing shareholders.