Nectar Lifesciences Q3 FY26: pharma business sold, buyback completed
NECLIFE · price
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Board approved Q3 FY26 results. Pharma API and formulation businesses sold to Ceph Lifesciences for Rs 125,398.55 lakhs (completed Nov 10, 2025), yielding Rs 8,815.13 lakhs exceptional gain. Menthol assets also divested for Rs 2,000 lakhs. Capsule business sale for Rs 1,990 lakhs pending. Buyback of 3 crore shares at Rs 27 each (Rs 8,100 lakhs) completed Jan 13, 2026. Continuing ops show zero revenue; 9M FY26 PAT is Rs 22,496.68 lakh loss. Prior periods restated.
Major restructuring: pharma business sold, buyback done, but 9M PAT shows Rs 22,497 lakh loss. Continuing ops have no revenue.