NSEPress Release1 Jul 2026 · 1 Jul 2026, 08:44 am
Press Release
Morepen Laboratories Limited · MOREPENLAB
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Morepen Laboratories Limited has informed the Exchange regarding a press release dated July 01, 2026, titled Morepen starts commercial supplies under its ₹ 825 Crore CDMO mandate. The company has completed the first commercial dispatch valued at approximately ₹50 crore during Q1FY2026-27.
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Morepen Laboratories Limited has informed the Exchange regarding a press release dated July 01, 2026, titled Morepen starts commercial supplies under its ₹ 825 Crore CDMO mandate.
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Date: 01/07/2026
National Stock Exchange of India Ltd. BSE Limited
Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers,
Bandra (East), Mumbai- 400 051 Dalal Street, Mumbai- 400 001
Symbol: MOREPENLAB Scrip Code: 500288
Sub.: Press Release – ‘Morepen starts commercial supplies under its ₹ 825 Crore CDMO mandate’
Dear Sir/ Madam,
Please find enclosed press release with the title ‘Morepen starts commercial supplies under its ₹ 825 Crore
CDMO mandate’.
This is for your information and dissemination on your website.
Thanking you,
Yours faithfully,
For Morepen Laboratories Limited
Vipul Kumar Srivastava
Company Secretary
F-12148
Encl.: a/a
Morepen Laboratories Limited
CIN NO. L24231 HP1984PLC006028
Corp. Off.: 2nd Floor, Tower C, DLF Cyber Park, Udyog Vihar-III, Sector-20, Gurugram, Haryana-122016, INDIA
TEL.: +91 124 4892000, E-mail: corporate@morepen.com, Website: www.morepen.com
Regd. Off.: Morepen Village, Malkumajra, Nalagarh Road, Baddi, Distt. Solan (H.P.) -173205, INDIA
Tel.: +91 1795 266401-03, 244590, Fax: +91 1795 244591, E-mail: plants@morepen.com
MOREPEN STARTS COMMERCIAL SUPPLIES UNDER ITS ₹ 825
CRORE CDMO MANDATE
First ₹50 crore dispatch already completed in Q1FY2026-27
Gurugram, Haryana, July 1, 2026: Morepen Laboratories Limited (NSE: MOREPENLAB; BSE:
500288) today issued an update on its recently announced ₹825 crore CDMO mandate. The first
commercial dispatch, valued at approximately ₹50 crore, has already been completed by the company
under the program during Q1FY2026-27. This marks the successful transition of the mandate from
validation and qualification stage to commercial execution stage.
Commenting on the development, Mr. Sanjay Suri, Managing Director, Morepen Laboratories
Limited, said, “This is an important milestone in Morepen’s transition toward long-duration global
manufacturing partnerships. Our teams have worked closely with the customer through validation,
manufacturing readiness and supply-chain planning. Having started execution of commercial supplies,
we are focused on scaling up, expanding capacity and building a stronger CDMO platform across
additional customer and product opportunities.”
Having dispatched the first batch under the CDMO mandate, Morepen expects to scale the program
further in the coming quarter, with additional supplies of approximately ₹225 crore expected during
Q2FY2026-27, subject to customer schedules and regulatory/commercial requirements.
The Company continues to strengthen its manufacturing infrastructure to support larger CDMO
opportunities. Total reactor capacity is expected to reach approximately 600 KL by the end of Q2,
followed by further expansion toward 800 KL and 1,000 KL in subsequent phases.
The commencement of commercial supplies under this mandate reinforces Morepen’s strategy to build
a scalable CDMO platform, deepen customer partnerships and participate in long-duration global
manufacturing opportunities.
About Morepen Laboratories Limited
Morepen Laboratories Limited is a pharmaceutical and healthcare company with a presence across
APIs, finished formulations, diagnostics and consumer healthcare. The Company continues to
strengthen its manufacturing, research and regulatory capabilities to support growth across domestic
and international markets.
Morepen Laboratories Limited
CIN NO. L24231 HP1984PLC006028
Corp. Off.: 2nd Floor, Tower C, DLF Cyber Park, Udyog Vihar-III, Sector-20, Gurugram, Haryana-122016, INDIA
TEL.: +91 124 4892000, E-mail: corporate@morepen.com, Website: www.morepen.com
Regd. Off.: Morepen Village, Malkumajra, Nalagarh Road, Baddi, Distt. Solan (H.P.) -173205, INDIA
Tel.: +91 1795 266401-03, 244590, Fax: +91 1795 244591, E-mail: plants@morepen.com
Safe Harbour Statement
Certain statements in this release concerning future prospects, business plans, expectations and
performance may be forward-looking statements. These statements are based on current expectations
and assumptions and are subject to risks and uncertainties that could cause actual results to differ
materially. The Company does not undertake to update any forward-looking statements except as
required by applicable law.
Investors’ Relations Contact:
Mr. Nishant Doshi, Head-Corporate Finance & Investor Relations;
Mobile No.: 9769633650; Email: nishant.doshi@morepen.com
Media Contact:
Girish Singhal
Propel Communications
Email: propelpr.com@gmail.com
Mb.: 9810206244
Morepen Laboratories Limited
CIN NO. L24231 HP1984PLC006028
Corp. Off.: 2nd Floor, Tower C, DLF Cyber Park, Udyog Vihar-III, Sector-20, Gurugram, Haryana-122016, INDIA
TEL.: +91 124 4892000, E-mail: corporate@morepen.com, Website: www.morepen.com
Regd. Off.: Morepen Village, Malkumajra, Nalagarh Road, Baddi, Distt. Solan (H.P.) -173205, INDIA
Tel.: +91 1795 266401-03, 244590, Fax: +91 1795 244591, E-mail: plants@morepen.com