NSEOutcome of Board Meeting1d ago · 24 Sept 2026, 05:24 pm
Outcome of Board Meeting
Dr. Lal Path Labs Ltd. · LALPATHLAB
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Dr. Lal Path Labs Ltd. has informed the Exchange regarding Outcome of Board Meeting held on September 24, 2026, where the Board of Directors approved the acquisition of 70% stake in SN Genelab Private Limited (SN Gene) from its existing Shareholders.
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Earnings Impact6/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk4/10
Balance Sheet Risk5/10
Liquidity Impact7/10
Market Sentiment5/10
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Dr. Lal Path Labs Ltd. has informed the Exchange regarding Outcome of Board Meeting held on September 24, 2026.
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September 24, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Corporate Relationship Department
Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers
Bandra Kurla Complex, Bandra (E) Dalal Street
Mumbai – 400 051 Mumbai – 400 001
Symbol: LALPATHLAB Scrip Code: 539524
Sub: Outcome of Board Meeting held on September 24, 2026
Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 (“the Listing Regulations”)
Dear Sir/ Madam,
Please take note that the Board of Directors in their meeting held today i.e. September 24, 2026,
inter-alia considered and approved the acquisition of 70% stake in SN Genelab Private Limited
(“SN Gene”) from its existing Shareholders. Post acquisition, SN Gene shall become a Subsidiary of
the Company.
The disclosure(s) as required under Regulation 30 of the Listing Regulations read with SEBI Circular
No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, as amended from time to time
is enclosed herewith as “Annexure – A”.
The Board Meeting commenced at 04:40 P.M. (IST) and concluded at 05:11 P.M. (IST).
We request you to please take the same on record.
Thanking You,
Yours Faithfully,
For Dr. Lal PathLabs Limited
Vinay Gujral
Company Secretary & Compliance Officer
Encl.: As above
Annexure-A
DISCLOSURE AS PER REGULATION 30 OF LISTING REGULATIONS READ WITH SEBI
CIRCULAR NO. SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 DATED JULY 13, 2023:
SN Particulars Acquisition of Company
1 Name of the target entity, details in brief SN Genelab Private Limited (“SN Gene”)
such as size, turnover etc.
Turnover:
FY 2026: 57.96 Crores
FY 2025: 53.36 Crores
FY 2024: 43.27 Crores
2 Whether the acquisition would fall within No, the proposed acquisition does not fall
related party transaction(s) and whether within the ambit of related party transaction(s).
the promoter/ promoter group/ group
companies have any interest in the
entity being acquired? If yes, nature of
interest and details thereof and whether
the same is done at “arm’s length”
3 Industry to which the entity being Diagnostics - Genomics
acquired belongs
4 Objects and impact of acquisition To strengthen the Company’s expertise in
(including but not limited to, disclosure genomics and broaden its portfolio of
of reasons for acquisition of target advanced diagnostic services.
entity, if its business is outside the main
line of business of the listed entity)
5 Brief details of any governmental or Not Applicable
regulatory approvals required for the
acquisition
6 Indicative time period for completion of The transaction will be completed by
the acquisition November 30, 2026.
7 Consideration - whether cash Cash Consideration
consideration or share swap or any
other form and details of the same
8 Cost of acquisition and/or the price at Upto INR 168 Crores plus certain
which the shares are acquired performance linked earn out capped at INR
31.5 Crores for 70% stake
9 Percentage of shareholding / control Acquisition of 70% stake from existing
acquired and / or number of shares shareholders of SN Gene
acquired
10 Brief background about the entity SN Gene was incorporated on December 16,
acquired in terms of products/line of 2013, in the State of Gujarat and is engaged
business acquired, date of in business of providing Diagnostics -
incorporation, history of last 3 years
Genomics services.
turnover, country in which the acquired
entity has presence and any other
Turnover: As mentioned in Clause 1 above
significant information (in brief)