RPG Life Sciences

The Board of Directors of RPG Life Sciences Limited has unanimously approved payment of transfer charges of Rs. 32.2 crore as per the order received from Maharashtra Industrial Development Corporation (MIDC), Navi Mumbai against ULC exemption under amnesty scheme as per GR dated July 26, 2024.

Execution of a Binding Agreement with KRSNA Dynasty, an unrelated party, for assignment of surplus vacant leasehold land of the company aggregating to 15,015 square meters situated at Plot No. 25/25A, MIDC land, Thane-Belapur Road, Navi Mumbai, Maharashtra for a consideration of Rs. 144.9 crore plus applicable GST (subject to applicable income tax deducted at source).

The financial impact emanating from the MIDC order on payment of transfer charges against ULC exemption is expected to be fully cushioned upon the successful consummation of the Binding Agreement.

Lasa Supergenerics

Lasa Supergenerics Limited has been granted patent by Controller of Patents, for an invention “Processes for Preparation and Purification of 5-Chloro-2-Nitroaniline on September 11, 2024 for a term of 20 years effective 19th June, 2020, in accordance with the provisions of the Patents Act, 1970.