The Board of Directors of Eiko LifeSciences Limited (ELL) has considered and approved the transaction to enter into definitive business agreement with Vivacious Pharmatex Private Limited (VPPL) for company's Growth and strategic positioning.

This will be a strategic expansion for Eiko Lifesciences Limited into the "Oleochemicals and Allied Business" segment, a domain integral to products in personal care, pharmaceuticals, agrochemicals, paints, coatings, fragrance, polymer, and petrochemicals.

By Entering into this agreement, the company will be preferred business partner for VPPL in terms of sourcing and supplying key raw materials.

Further VPPL, will provide full co-operation in developing new products, commercialization, and marketing at our manufacturing facilities.

Further, the company stands to gain from the vast knowledge, expertise, and research and development skills of the new management at VPPL. This collaboration is poised to be synergistic, ensuring innovation, growth, and success for both ELL and VPPL.