NSEGeneral Updates3d ago · 6 Nov 2026, 09:58 am
General Updates
Symbiotec Pharmalab Limited · SYMBIOTEC
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Symbiotec Pharmalab Limited has signed a 10-year, take-or-pay contract development and manufacturing agreement with a European alternative protein innovator to manufacture fermentation-based alternative protein. The agreement reserves dedicated capacity for the partner at Symbiotec's Ujjain campus for the full term.
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Symbiotec Pharmalab Limited has informed the Exchange about General Updates ((Symbiotec Signs 10-Year Take-Or-Pay Agreement To Manufacture Fermentation-Based Alternative Protein For EU Innovator))
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SYMBIOTEC_06112026095754_SEBI_Press_declaration.pdf
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November 06, 2026
To, To,
BSE Limited, National Stock Exchange of India Ltd.,
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Bandra Kurla Complex, Bandra (East),
Mumbai – 400001 Mumbai – 400051
Scrip Code: 544889 Symbol: SYMBIOTEC
Dear Sir/Madam,
Pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find
attached update titled “Symbiotec Signs 10-Year Take-or-Pay Agreement to Manufacture
Fermentation-Based Alternative Protein for EU Innovator”
Further, the details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-
CFDPOD2/I/3762/2026 dated January 30, 2026, are enclosed as Annexure A.
This is for your Information and Records.
Thanking You,
Sincerely,
for Symbiotec Pharmalab Limited
Salil Jain
Company Secretary and Compliance Officer
Membership No. A41610
Registered Office & Works:
Symbiotec Pharmalab Limited
(Formerly known as Symbiotec Pharmalab Pvt. Ltd.)
385/2, Pigdamber, Rau, Mhow, Indore - 453331, Madhya Pradesh, India
Tel. No.: +91-731-6676405-406 Fax: +91-731-4201222,
Email ID : symbiotec@symbiotec.com, Website : www.symbiotec.com
CIN: U24232MP2002PLC015293
Symbiotec Signs 10-Year Take-or-Pay Agreement to Manufacture Fermentation-Based
Alternative Protein for a European Alternative Protein Innovator
Indore, India, November 6, 2026: Symbiotec, a science-driven pharmaceutical and
biotechnology company, today announced a 10-year, take-or-pay contract development and
manufacturing agreement with a European alternative protein innovator. The agreement reserves
dedicated capacity for the partner at Symbiotec’s Ujjain campus for the full term.
Under the agreement, production will be based at Symbiotec’s biomanufacturing campus in Ujjain,
which features four 100 kilolitre (kL) fermenters, modular downstream processing, and integrated
quality assurance and quality control capabilities. Production begins at the existing facility, with a
new dedicated plant of several hundred thousand litres of fermentation capacity to follow, and
contracted expansion options reserved for the partner that take the programme into the millions of
litres.
Precision fermentation uses engineered microorganisms to produce proteins traditionally derived
from animals. These ingredients must meet high-quality standards and be produced at a cost that
allows wide adoption, two demands that usually pull against each other. Symbiotec brings both:
the quality systems of a pharmaceutical manufacturer, and a long record of building and running
its own fermentation plants at scale.
Commenting on the agreement, Mr. Anil Satwani, Managing Director, Symbiotec Pharmalab, said:
“This fermentation-derived protein marks a major milestone in creating the clean, nutritious
alternatives that consumers increasingly seek. We are well positioned to serve the alternative
protein, human nutrition, and industrial bioproducts sectors.
“Biotechnology is fundamentally changing how everyday products are made. Our planet needs
cleaner, greener ways to produce essentials, and we are glad to see the industry moving in that
direction.”
About Symbiotec Pharmalab
Symbiotec Pharmalab Limited is a research and development-driven, science-based
pharmaceutical and biotechnology company with capabilities across organic chemistry,
biotechnology and complex injectables. Founded in 1995, the Company holds a global leadership
position in corticosteroid and steroidal-hormone active pharmaceutical ingredients (APIs).
Symbiotec serves over 200 customers across more than 40 countries through three complementary
business verticals — APIs, CDMO services and Complex Injectables — supported by four
manufacturing facilities in Madhya Pradesh, India, with approvals from USFDA, EU-GMP,
WHOGMP, Japan-PMDA and other leading global regulators.
Registered Office & Works:
Symbiotec Pharmalab Limited
(Formerly known as Symbiotec Pharmalab Pvt. Ltd.)
385/2, Pigdamber, Rau, Mhow, Indore - 453331, Madhya Pradesh, India
Tel. No.: +91-731-6676405-406 Fax: +91-731-4201222,
Email ID : symbiotec@symbiotec.com, Website : www.symbiotec.com
CIN: U24232MP2002PLC015293
Annexure A
Sr. Particulars Description
1. Purpose of entering into the Strategic CDMO Agreement to Manufacture
agreement Fermentation-Based Alternative Protein for an
European Innovator
2. Name(s) of parties with whom the A leading Alternative Protein European
agreement is entered Innovator
3. Area of agreement 10-year, take-or-pay contract development
and manufacturing agreement.
4. Domestic / International International
5. Significant terms of the agreement Under the agreement, production will be
(in brief) based at Symbiotec’s biomanufacturing
campus in Ujjain, which features four 100
kiloLitre (kL) fermenters, modular
downstream processing, and integrated
quality assurance and quality control
capabilities.
6. Details of consideration paid / Details cannot be disclosed due to
received in agreement confidentiality obligations
7. Whether, the said parties are related NA
to promoter/promoter group/ group
companies in any manner. If yes,
nature of relationship
8. Whether the transaction would fall NA
within related party transactions? If
yes, whether the same is done at
“arm’s length
9. In case of issuance of shares to the NA
parties, details of issue price, class of
shares issued
Registered Office & Works:
Symbiotec Pharmalab Limited
(Formerly known as Symbiotec Pharmalab Pvt. Ltd.)
385/2, Pigdamber, Rau, Mhow, Indore - 453331, Madhya Pradesh, India
Tel. No.: +91-731-6676405-406 Fax: +91-731-4201222,
Email ID : symbiotec@symbiotec.com, Website : www.symbiotec.com
CIN: U24232MP2002PLC015293
10. In case of loan agreements, details of NA
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
11. Any other disclosures related to such NA
agreements, viz., details of nominee
on the board of directors of the listed
entity, potential conflict of interest
arising out of such agreements, etc
Registered Office & Works:
Symbiotec Pharmalab Limited
(Formerly known as Symbiotec Pharmalab Pvt. Ltd.)
385/2, Pigdamber, Rau, Mhow, Indore - 453331, Madhya Pradesh, India
Tel. No.: +91-731-6676405-406 Fax: +91-731-4201222,
Email ID : symbiotec@symbiotec.com, Website : www.symbiotec.com
CIN: U24232MP2002PLC015293