Disclosure under Regulation 30 of SEBI(Listing Obligation and Disclosure Requirements) Regulation, 2015 regarding launching of franchise business model
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Royal Sense Limited has announced the launch of a new franchise-based retail business called 'Stergic Pharmacy'. Under the Franchise Owned Company Operated (FOCO) model, the company will set up and run the stores itself while franchise partners own the outlets. The stores will offer 500+ products. In the initial phase, the company has already received over 125 applications from interested franchisees, which are being evaluated. The company, along with its subsidiaries, plans to roll out these franchise outlets across multiple cities in India.
This signals a strategic expansion into organized pharmacy retail through a franchise model, which could broaden revenue streams if executed well. However, no financial guidance, revenue targets, or timeline for store openings has been provided, so near-term stock impact may be limited until execution details emerge.