NSEAcquisition13 Jul 2026 · 13 Jul 2026, 04:24 pm
Acquisition
Emcure Pharmaceuticals Limited · EMCURE
✦ AI SummaryM&A
Emcure Pharmaceuticals Limited has acquired 12.05% stake in its subsidiary Gennova Biopharmaceuticals Limited for Rs. 2,318.7 million.
Analysis Scores
Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Emcure Pharmaceuticals Limited has informed the Exchange about Acquisition
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EMCURE_13072026162440_GennovaAcquisitonsd.pdf
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Emcure
Ref: EPL/CS/SE/0057/2026 Date: July13, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C-1, Block G, P J Towers,
Bandra Kurla Complex, Bandra (East), Dalal Street,
Mumbai – 400 051 Mumbai - 400 001
Script Symbol: EMCURE Scrip Code/Symbol: 544210/ EMCURE
Dear Sir/Madam,
Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Acquisition
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“LODR Regulations”), we wish to inform you that the Company has today,
i.e., July 13, 2026, executed Share Transfer Agreements with all the individual shareholders of
Gennova Biopharmaceuticals Limited (“Gennova”), a subsidiary of the Company, for acquisition
of 663,865 Equity Shares, constituting 12.05% of the total issued and paid up capital of Gennova.
Upon completion of the aforesaid acquisition, Gennova would become a wholly-owned
subsidiary of the Company.
The particulars of the disclosure required under Regulation 30 and Part A of Schedule III of the
LODR Regulations are provided in Annexure A, enclosed herewith.
You are requested to take the above information on your records.
Thanking you,
For Emcure Pharmaceuticals Limited
Amruta Yangalwar
Company Secretary & Compliance Officer
ICSI Membership Number: A25687
Encl: As above
Emcure Pharmaceuticals Limited
Registered Office: Plot No. P-1 & P-2, IT-BT Park, Phase-II, M.I.D.C., Hinjawadi, Pune - 411057, Maharashtra, India
Phone Nos.: +91 20 – 35070033/ 35070000 Fax No.: +91 20 3507 0060
E-mail: corporate@emcure.com Website: www.emcure.com CIN: L24231PN1981PLC024251
Emcure
Annexure A
Disclosure under Para (A) of Part (A) of Schedule III to the Regulation 30 SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015:
Sr. No Particulars Information
a) Name of the target entity, details Gennova Biopharmaceuticals Limited, having
in brief such as size, turnover etc. CIN: U24231PN2001PLC016253 and registered
office at Plot No. P-1 & P-2, IT - BT Park, Phase
II, M.I.D.C, Hinjawadi, Pune – 411057,
Maharashtra, India (“Gennova”).
Gennova is a Subsidiary of the Company,
involved in the business of research and
development, manufacturing and marketing of
biotechnology-based products.
Turnover for the Financial Year ended
March 31, 2026: Rs. 4,917.42 Million
PAT for the the Financial Year ended
March 31, 2026: Rs. 54.25 Million
Authorized Share Capital: Rs. 650,000,000/-
(Rupees Six Hundred and Fifty Million only)
Paid-up Share Capital: Rs. 55,113,650/- (Rupees
Fifty-Five Million One Hundred Thirteen
Thousand Six Hundred and Fifty only)
b) Whether the acquisition would The Company currently owns 87.95%
fall within related party shareholding in Gennova, a Subsidiary and
transaction(s) and whether the therefore, a related party. Further, a Promoter
promoter/ promoter group/ and Director of the Company is also a Director
group companies have any and Member of Gennova. The relatives of such
interest in the entity being Director who are Members of Gennova are also
acquired? If yes, nature of interest considered related parties.
and details thereof and whether
the same is done at “arm’s length” The transaction shall be undertaken at arm’s
length.
c) Industry to which the entity being Pharmaceuticals
acquired belongs
Emcure Pharmaceuticals Limited
Registered Office: Plot No. P-1 & P-2, IT-BT Park, Phase-II, M.I.D.C., Hinjawadi, Pune - 411057, Maharashtra, India
Phone Nos.: +91 20 – 35070033/ 35070000 Fax No.: +91 20 3507 0060
E-mail: corporate@emcure.com Website: www.emcure.com CIN: L24231PN1981PLC024251
Emcure
d) Objects and impacts of acquisition Proposed acquisition/purchase of 663,865
(including but not limited to, Equity Shares, constituting 12.05% of the total
disclosure of reasons for issued and paid-up capital of Gennova from all
acquisition of target entity, if its its individual shareholders, will make Gennova
business is outside the main line of a wholly-owned subsidiary of the Company.
business of the listed entity)
Emcure has entered into Share Purchase
Agreement(s) with individual shareholders.
e) Brief details of any governmental Not Applicable
or regulatory approvals required
for the acquisition
f) Indicative time period for On or before July 31, 2026
completion of the acquisition
g) Nature of consideration - whether Cash Consideration
cash consideration or share swap
and details of the same
h) Cost of acquisition or the price at An aggregate consideration of Rs. 2,318.7 Million
which the shares are acquired payable in cash in one or more tranches on
closing.
i) Percentage of shareholding/ The existing Equity shareholding of the
control acquired and/ or number Company in Gennova is 87.95%.
of shares acquired
Post-acquisition, the shareholding of the
Company in Gennova will be 100%.
j) Brief background about the entity 1. Background:
acquired in terms of products/line Gennova was incorporated on June 19, 2001,
of business acquired, date of
as a public limited company under the
incorporation, history of last 3
Companies Act, 1956, with name ‘Emcure
years turnover, country in which
Dragon Biotech Limited’. The said name was
the acquired entity has presence
subsequently changed to Emcure Biotech
and any other significant
information (in brief) Limited on October 23, 2001. The name
‘Emcure Biotech Limited’ was further
changed to ‘Gennova Biopharmaceuticals
Limited’ on February 15, 2006.
2. Products / line of business: Gennova is
involved in the business of research and
development, manufacturing and marketing
of biotechnology-based products.
Emcure Pharmaceuticals Limited
Registered Office: Plot No. P-1 & P-2, IT-BT Park, Phase-II, M.I.D.C., Hinjawadi, Pune - 411057, Maharashtra, India
Phone Nos.: +91 20 – 35070033/ 35070000 Fax No.: +91 20 3507 0060
E-mail: corporate@emcure.com Website: www.emcure.com CIN: L24231PN1981PLC024251
Emcure
3. Date of incorporation: June 19, 2001
4. Last 3 years' turnover:
i) FY 2025-26: Rs. 4,917.42 Million
ii) FY 2024-25: Rs. 4,299.46 Million
iii) FY 2023-24: Rs. 4,220.82 Million
5. Country of operation: India
Emcure Pharmaceuticals Limited
Registered Office: Plot No. P-1 & P-2, IT-BT Park, Phase-II, M.I.D.C., Hinjawadi, Pune - 411057, Maharashtra, India
Phone Nos.: +91 20 – 35070033/ 35070000 Fax No.: +91 20 3507 0060
E-mail: corporate@emcure.com Website: www.emcure.com CIN: L24231PN1981PLC024251