We wish to inform that the Company have signed the Independent Turnkey Project Service Agreement with M/s J & H Pharma Consultant.
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Patel Chem Specialities Ltd has signed an Independent Turnkey Project Service Agreement with M/s J & H Pharma Consultants on 22nd September 2025. The total consideration for the project is Rs 45 crores. The consultant will handle the full scope of work — designing, engineering, procurement, construction, and testing — for the Indrad Plant located at Mouje Village, Taluka Talod, Gujarat, and deliver it in a fully operational condition. The transaction is not a related-party deal and the consultant has no shareholding or promoter group links with the company. The filing was made under SEBI Listing Obligations Regulation 30 to formally disclose this material agreement to the exchanges.
This is a sizeable capital commitment of Rs 45 crores for building/expanding the Indrad Plant, which could boost future production capacity but ties up significant capital and introduces execution risk. Shareholders should track project timelines and commissioning updates to gauge the return on this investment.