MoU signed to set up Research Institute at Chandigarh
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jeena Sikho Lifecare signed an MOU with individuals Mr. Rakesh Sharma and Mrs. Neerja Rakesh Sharma to establish a Research Institute at Chandigarh focused on Ayurveda, Integrative Healthcare, Preventive Wellness and allied disciplines. The 5-year agreement runs from June 15, 2026 to June 14, 2031. No rent or lease charges are payable for premises; the company will bear operational and maintenance costs. The counter-parties are unrelated to promoters and the deal is not a related party transaction.
Strengthens R&D capabilities in Ayurveda and wellness with zero upfront property cost. Positive for long-term growth; minimal immediate financial impact.