Revised Disclosure due to typographically error to the earlier Disclosure dated 22nd September, 2025 regarding Independent Turnkey Project Service Agreement.
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Patel Chem Specialities has issued a correction to its earlier disclosure dated 22 September 2025 regarding a Turnkey Project Service Agreement with M/s J & H Pharma Consultants. The original filing wrongly stated that the Rs. 45 crore consideration was for the purchase of premises; the corrected version clarifies that the Rs. 45 crore is the total consideration for the Turnkey Project itself. Under the agreement, the consultant will handle designing, engineering, procurement, construction, testing, and handover of the project in fully operational condition. The consultant is not related to the promoter or group companies, and there are no special rights or related party transaction concerns.
This is purely a correction of a wording error and does not change the substance of the underlying Rs. 45 crore turnkey project deal. Shareholders should see no material change to the original announcement, though the corrected wording better reflects the nature of the contract.