Intimation regarding termination of Lease and License agreement with VN creative chemicals Private Limited .
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Awaiting price reaction for this filing.
Vasundhara Rasayans Ltd has received a termination notice from Keva Fragrances Private Limited (which has absorbed VN Creative Chemicals, the original licensor) for the Leave and License Agreement covering the company's manufacturing facility at C-104, MIDC Mahad, Raigad, Maharashtra. The original agreement was signed on December 24, 2019. The company must vacate and hand over the premises by March 31, 2026. Management has acknowledged the notice and stated that it is in the process of identifying suitable alternative arrangements to continue its business operations.
Since the Mahad unit appears to be a key manufacturing site for the company, the loss of this facility could disrupt production and operations after March 2026 unless a replacement site is secured in time. Investors should monitor for further updates on alternative arrangements, as this development may affect the company's operating continuity, costs, and near-term financials.