BSECompany Update1d ago · 8 Nov 2026, 06:42 pm
Please find attached herewith intimation of incorporation of subsidiary in the form of Joint Venture.
Alkem Laboratories Ltd · 539523
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Alkem Laboratories Ltd has incorporated a subsidiary in the form of a Joint Venture in the Kingdom of Saudi Arabia, 'Alkem Pharma Company', Limited Liability Company, with a capital of 7,500,000.0 SAR divided into 75,000.0 shares of 100 SAR each.
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Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Alkem Laboratories Ltd - 539523 - Announcement under Regulation 30 (LODR)-Acquisition
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8th November, 2026
The Corporate Relationship National Stock Exchange of India
Department Limited
BSE Limited Exchange Plaza,
Phiroze Jeejeebhoy Towers, Bandra Kurla Complex,
Dalal Street, Bandra East,
Mumbai 400 001. Mumbai 400 051.
Scrip Code: 539523 Scrip Symbol: ALKEM
Sub: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 as amended (“SEBI
LODR Regulations”) - Intimation of incorporation of subsidiary in the form of Joint
Venture.
Dear Sir/Madam,
This is in furtherance to our earlier intimations dated 12th August, 2025 and 13th February, 2026
with regard to Shareholders’ Agreement for incorporation of a subsidiary of the Company in the
form of a Joint Venture in the Kingdom of Saudi Arabia (JV).
Pursuant to Regulation 30 of the SEBI LODR Regulations, we wish to inform you that subsidiary
of the Company in the form of a Joint Venture in the name of ‘Alkem Pharma Company’, Limited
Liability Company has been incorporated in the Kingdom of Saudi Arabia on 8th November, 2026.
Particulars of the disclosure required under SEBI LODR Regulations read with SEBI Master
Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026, have been
provided in Annexure – I.
Kindly take the same on your records.
Sincerely,
For Alkem Laboratories Limited
Manish Narang
President – Legal, Company Secretary & Compliance Officer
Annexure – I
Sr. Particulars Details
a. Name of target entity, details in brief such Name of Joint Venture: ‘Alkem Pharma
as size, turnover etc. Company’, Limited Liability Company
(“Alkem Pharma”)
Capital: 7,500,000.0 SAR divided into
75,000.0 shares of 100 SAR each
Turnover: Not Applicable
b. Whether the acquisition would fall within The acquisition does not fall under related
related party transaction(s) and whether party transaction.
the promoter/ promoter group/ group
companies have any interest in the entity None of the promoter / promoter group /
being acquired? If yes, nature of interest group companies have any interest in the
and details thereof and whether the same entity.
is done at “arm’s length”
c. Industry to which the entity being Pharmaceuticals and Nutraceuticals
acquired belongs
d. Objects and impact of acquisition The investment in the Subsidiary is a
(including but not limited to, disclosure of strategic investment undertaken by the
reasons for acquisition of target entity, if Company with the objective of expanding the
its business is outside the main line of Company’s business and market reach to the
business of the listed entity) Kingdom of Saudi Arabia.
e. Brief details of any governmental or Not Applicable
regulatory approvals required for the
acquisition
f. Indicative time period for completion of Not Applicable
the acquisition
g. Consideration – whether cash Cash consideration
consideration or share swap or any other
form and details of the same
h. Cost of acquisition and/or the price at Subscription of 38,250 Shares of 100 SAR
which the shares are acquired e ach amounting to 3,825,000.00 SAR.
i. Percentage of shareholding / control 51% of the total share capital of the
acquired and / or number of shares Subsidiary.
acquired
j. Brief background about the entity Brief Background: The Subsidiary is
acquired in terms of products/line of incorporated as a limited liability company
business acquired, date of incorporation, and will be involved in the manufacture,
history of last 3 years turnover, country in import, marketing and distribution of
which the acquired entity has presence pharmaceutical and/or nutraceutical products
and any other significant information (in within the Kingdom of Saudi Arabia.
brief)