NSEUpdates1d ago · 1 Oct 2026, 08:11 pm
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Piramal Pharma Limited · PPLPHARMA
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Piramal Pharma Limited has informed the Exchange that the commercial arrangement with Bayer Pharmaceuticals Private Limited will expire on 31st December, 2026, and will not be renewed. The arrangement accounted for less than 5% of the company's consolidated revenue and is commission-based, with no material impact expected on profitability or financial position.
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Full Announcement
Piramal Pharma Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015 - Expiry and Non-Renewal of CommercialArrangement with Bayer Pharmaceuticals Private Limited'.
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PIRAMALPHARMA_01102026201104_SERegulation30Intimation.pdf
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1st October, 2026
BSE Limited National Stock Exchange of India Limited
P.J. Towers, Dalal Street, Fort, Exchange Plaza, Bandra-Kurla Complex,
Mumbai- 400 001 Bandra (East), Mumbai – 400 051
BSE scrip code: 543635 NSE symbol: PPLPHARMA
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 - Expiry and Non-Renewal of Commercial
Arrangement with Bayer Pharmaceuticals Private Limited
Dear Sir / Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we wish to inform you that the commercial arrangement pursuant to
which the Company provides sales and distribution support services to Bayer
Pharmaceuticals Private Limited ("Bayer") is scheduled to expire on 31st December, 2026.
This distribution arrangement will not be renewed beyond its current term. Accordingly, the
arrangement will conclude upon its natural expiry on 31st December, 2026.
The Company is working closely with Bayer to ensure a smooth and orderly transition of
the activities currently undertaken under the arrangement.
The arrangement primarily involved the provision of sales and distribution support services
by the Company, for which the Company earned a commission-based income. The revenue
attributable to this arrangement accounts for less than 5% of the Company's consolidated
revenue. Further, as the arrangement is commission-based in nature, the Company does not
expect the non-renewal to have a material impact on its profitability or financial position.
Kindly take the above on record.
Thank you.
Yours faithfully,
For Piramal Pharma Limited
Maneesh Sharma
Company Secretary & Compliance Officer
Piramal Pharma Limited
CIN: L24297MH2020PLC338592
Registered Office: Ananta Building, Piramal Corporate Park, Opp. Fire Brigade, Kamani Junction, LBS Marg, Kurla, Mumbai - 400070
T: +91 22 3802 3000 / 4000; Email: shareholders.ppl@piramal.com
www.piramalpharma.com