Novelix Pharmaceuticals Ltd — Important, 20-08-2026: Company Update

Novelix Pharmaceuticals has executed a Land Lease Deed for 37 Guntas (approximately 0.925 Acres) for a 5-year period. This land will be used to establish and develop facilities for Micro Algae Cultivation and install Glass Reactor Systems. The company will pay a monthly rent of Rs. 5000 plus taxes, increasing by 5% every three years. The agreement, considered an arm's length transaction, is with a non-executive director from the promoter group, expanding Novelix's operational capabilities in this specialized area.