NSERescission/termination(s)25 Jun 2026 · 25 Jun 2026, 06:32 pm
Rescission/termination(s)
Sun Pharma Advanced Research Company Limited · SPARC
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Sun Pharma Advanced Research Company Limited has informed the Exchange about the termination of a license agreement with CMS Bridging DMCC. The agreement was for the development and commercialization of multiple products in Mainland China, Hong Kong, Macao, and Taiwan. The termination has no material impact on the company's financial position, operations, or other activities.
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Sun Pharma Advanced Research Company Limited has informed the Exchange about Termination of License Agreement with CMS Bridging DMCC
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SPARC/Sec/SE/2026-27/14 June 25, 2026
National Stock Exchange of India Ltd., BSE Limited,
Exchange Plaza, 5th Floor, Market Operations Dept.
Plot No. C/1, G Block, P. J. Towers,
Bandra Kurla Complex, Dalal Street,
Bandra (East), Mumbai – 400 051. Mumbai - 400 001.
Scrip Symbol: SPARC Scrip Code: 532872
Dear Sir/ Madam,
Sub: Intimation regarding Termination of License Agreement with CMS Bridging DMCC
(CMS) under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015
This is with reference to the License Agreement dated November 05, 2019 entered into with
CMS Bridging DMCC (“CMS”), has been mutually terminated by the parties on June 25, 2026.
We would like to further inform that there is no material impact on the Company’s financial
position, operations or other activities due to the termination of the agreement.
The disclosure required under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI LODR”) read with SEBI Master Circular No.
SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 for the above termination of
License Agreement is provided in Annexure A.
This is for your information and dissemination purpose.
Yours faithfully,
For Sun Pharma Advanced Research Company Ltd.
Kajal Damania
Company Secretary and Compliance Officer
Annexure A
Disclosure under Regulation 30 of SEBI LODR read with Sub para (5) of Para (B) of Part
(A) of Schedule III to the Regulation 30 SEBI (Listing Obligation and Disclosure
Requirements) Regulations, 2015.
a. Name(s) of parties with whom the CMS Bridging DMCC
agreement is entered
b. Purpose of entering into the agreement The purpose of the License Agreement
was to develop and commercialize
multiple products i.e XelprosTM, ElepsiaTM,
TaclantisTM, PDP-716, SDN-037 in
Mainland China, Hong Kong, Macao and
Taiwan.
c. Size of agreement Not Applicable
d. Shareholding, if any, in the entity with Nil
whom the agreement is executed
e. Significant terms of the agreement (in Not Applicable
brief) special rights like right to
appoint directors, first right to share
subscription in case of issuance of
shares, right to restrict any change in
capital structure etc
f. Whether, the said parties are related to None of the parties are related to
promoter/promoter group/ group promoter/promoter group/ group
companies in any manner. If yes, companies in any manner.
nature of relationship
g. Whether the transaction would fall No
within related party transactions? If
yes, whether the same is done at
“arm’s length
h. In case of issuance of shares to the Not Applicable
parties, details of issue price, class of
shares issued
i. In case of loan agreements, details of Not Applicable
lender/borrower, nature of the loan,
total amount of loan granted/taken,
total amount outstanding, date of
execution of the loan
agreement/sanction letter, details of
the security provided to the lenders /
by the borrowers for such loan or in
case outstanding loans lent to a
party or borrowed from a party
become material on a cumulative basis.
j. Any other disclosures related to such Not Applicable
agreements, viz., details of nominee on
the board of directors of the listed
entity, potential conflict of interest
arising out of such agreements, etc
k. In case of termination or amendment
of agreement, listed entity shall
disclose additional details to the stock
exchange(s)
a) name of parties to the agreement; CMS Bridging DMCC
b) nature of the agreement; Termination of Agreement
c) date of execution of the agreement; June 25, 2026
d) details of amendment and impact The License Agreement with CMS has
thereof or reasons of termination and been terminated mutually and there is no
impact thereof. material impact on the Company’s
financial position, operations or other
activities due to the termination of the
agreement.
For Sun Pharma Advanced Research Company Ltd.
Kajal Damania
Company Secretary and Compliance Officer