NSEGeneral Updates9 Sept 2026 · 9 Sept 2026, 02:37 pm
General Updates
IOL Chemicals and Pharmaceuticals Limited · IOLCP
✦ AI Summary▲ PositiveExpansion
IOL Chemicals and Pharmaceuticals Limited has announced expansion of Ibuprofen capacity, new CDMO business for pharmaceutical formulations, and dedicated specialty chemicals manufacturing facility under long-term tolling arrangement.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk6/10
Liquidity Impact9/10
Market Sentiment8/10
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IOL Chemicals and Pharmaceuticals Limited has informed the Exchange about General Updates
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9th September 2026
IOLCP/CGC/2026
National Stock Exchange of India Ltd BSE Limited
Exchange Plaza, Plot no. C/1, G Block, Phiroze Jeejeebhoy Towers,
Bandra-Kurla Complex, Bandra (E) Dalal Street
Mumbai - 400 051 Mumbai – 400 001
Security Symbol: IOLCP Security Code: 524164
Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Expansion of Ibuprofen Capacity, New CDMO
Business for Pharmaceutical Formulations and Dedicated Specialty Chemicals
Manufacturing Facility
Dear Sir,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 (“SEBI Listing Regulations”), read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated 30th January 2026, we wish to inform that the Company has undertaken the
following key business and capacity expansion initiatives, aimed at strengthening its manufacturing
capabilities, broadening its product and service portfolio and supporting its long-term growth strategy:
1. Expansion of Ibuprofen Capacity:
The Company is setting up a fully backward-integrated, state-of-the-art new manufacturing unit
for Ibuprofen at its existing site at Barnala, Punjab, with an installed manufacturing capacity of 6,000
MT per annum, which will enhance the Company’s existing Ibuprofen manufacturing capacity from
12,000 MT per annum to 18,000 MT per annum upon commissioning of the new unit.
The estimated project cost is approximately ₹350 Crore, which is proposed to be funded through
internal accruals.
Details required under abovesaid SEBI Master Circular is annexed herewith as “Annexure -1”.
2. CDMO for Pharmaceutical Formulations:
The Company has installed a new pharmaceutical formulation manufacturing facility at its existing
site at Barnala, Punjab, diversifying into Contract Development and Manufacturing Organisation
(“CDMO”) for Pharmaceutical Formulations as a new line of business. The facility has an installed
capacity of approximately 1,500 million tablets per annum or equivalent volume of Direct
Compressible Grade and has been established at an estimated project cost of approximately ₹110
Crore, funded entirely through internal accruals.
The new line of business has been established primarily to cater to the evolving and long-term
contract manufacturing requirements of the Company’s Anchor Customers in European region,
leveraging its existing manufacturing capabilities, quality standards, regulatory compliance and
technical expertise. This represents a customer-led and complementary extension of the
Company’s existing API business.
The facility has successfully completed the requisite regulatory inspection and received the
Certificate of GMP Compliance of a Manufacturer (GMP Certificate) from the National Centre for
Public Health and Pharmacy, Directorate for Drug Inspection, Hungary. The facility is expected to be
commercialized during the Q3 FY 2027.
The initiative is expected to strengthen long-term customer relationships and create additional
opportunities across the pharmaceutical value chain.
3. Establishing Dedicated Specialty Chemicals Manufacturing Facility under Long-Term Tolling
Arrangement:
The Company is establishing a dedicated manufacturing facility for the manufacture of the Specialty
Chemical Product for a Leading Global Chemical Company under a long-term tolling arrangement.
The project entails an estimated capital expenditure of approximately ₹35 Crore, to be funded
through internal accruals. The facility will be dedicated to fulfilling the customer’s long-term
requirements under the tolling arrangement. The facility is expected to be commercialized during the
Q3 FY 2027.
Details required under abovesaid SEBI Master Circular is annexed herewith as “Annexure -2”.
This is for your information & record.
Thanking You,
Yours faithfully,
for IOL Chemicals and Pharmaceuticals Limited
Abhay Raj Singh
Sr. Vice President & Company Secretary
Annexure – 1
Details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026, is annexed herewith
Product Name Ibuprofen
Existing capacity; 12,000 MTPA
Existing capacity utilization; 95%
Proposed capacity addition; 6,000 MTPA
Period within which the proposed Expected to be commercialized by December 2027
capacity is to be added;
Investment required; About Rs. 350 Cr
Mode of financing; Internal accruals
Rationale The capacity expansion is being undertaken to address
the growing global demand for Ibuprofen and reinforce
the Company’s established position as a leading global
manufacturer of Ibuprofen. The expansion is also
aligned with the ongoing business development and
customer engagements across various international
markets, reflecting increasing opportunities for the
Company’s Ibuprofen business. Supported by its
backward-integrated manufacturing platform,
established global customer base and proven
manufacturing capabilities, the additional capacity will
enhance the Company’s ability to meet evolving
customer requirements, strengthen supply reliability
and support long-term growth in the Ibuprofen business.
Annexure -2
Details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026
1 Name of the entity with A leading global chemical company.
whom agreement is signed
2 Area of agreement Long-term manufacturing and supply of specialty chemicals.
3 Domestic / International International.
4 Share exchange ratio Not applicable.
5 Scope of business operation Manufacturing and supply of Specialty Chemicals (the
of the agreement “Product”) by the Company for the customer in accordance
with the agreed terms.
6 Details of consideration paid The arrangement is expected to contribute materially to the
/ received in the agreement Company’s revenue stream upon commencement of
commercial supplies.
7 Significant terms and The Company will manufacture and supply the Product
conditions of the agreement exclusively for the customer in accordance with the mutually
in brief agreed terms. In view of the confidentiality obligations agreed
between the parties, the Company is restricted from
disclosing the identity of the customer and
quantitative/commercial details of the arrangement. The
estimated capital expenditure for establishing a dedicated
manufacturing facility for the Product is approximately ₹35
Crore, which is proposed to be funded through the
Company’s internal accruals.
8 Whether the acquisition Not applicable. The transaction does not constitute an
would fall within related acquisition. Further, the customer is not a related party of the
party transactions and Company.
whether the
promoter/promoter
group/group companies
have any interest in the
entity being acquired
9 Size of the entity(ies) Not applicable.
10 Rationale and benefit It is expected to provide a stable and reliable long-term
expected demand for the Product, strengthen the Company’s
manufacturing capabilities and expand its presence in the
specialty chemicals and contract manufacturing segment
for sustainable long-term growth of the Company