Evexia Lifecare Ltd Plans Major Expansion; To Enter Into Bullion Trading

Vadodara (Gujarat) [India], October 11: BSE listed (524444), Evexia Lifecare Limited has received initial plant layout permission from FDA to setup Active Pharmaceutical Ingredient (API) manufacturing plant of Isometamidium (Isometa) in addition to the current ongoing commercial activity, mainly used for the rare diseases in cattle, buffalo, goat, dogs, etc. Very few companies are manufacturing the said API in India and worldwide. The Company has completed the application process for environment clearance with the concerned government authority and has procured all the required plant and machinery at the Vadodara plant location. Once the Company receives the Environment Clearance (EC) from the concerned Government Authorities, the installation and production work will commence.

Further, the Board of Directors of one of the subsidiary companies, namely Kavit Trading Private Limited, where Evexia holds 70% of the shareholding, has approved the business of direct buying of bullion from the Banks and selling in the market. The said subsidiary company has approached bankers for the opening of Bullion Accounts with them. This new business will boost the revenue of the said subsidiary company and consequently improve the Company’s consolidated financials.

Apart from the ISOMETA API product, Evexia Lifecare Limited is also planning to manufacture intermediate, mainly used for anti-diabetic and heart diseases, at Vadodara based plant location. The Research & Development (R & D) team is at the final stage of five more products that the Company may launch by November 2021.

The Company is at an advanced stage of acquiring Akola (Maharashtra) based existing plant of one of the manufacturers of ISOMETA API, which will increase production capacity and profitability.

The Company’s vision is to enter into formulation by January 2022, which will give a push to the Company’s growth for the long term. The R & D team has already started work for the formulation plant, looking into the opportunity and available market in India and across the globe.

The Company has started its new branch at Hyderabad location to trade pharmaceutical chemicals, and the same will likely contribute Rs. 25-30 Cr turnover per year.

For the above all expansion activities, the Company will manage the funds internally, and the board is not expecting any external borrowings.

3 thoughts on “Evexia Lifecare Ltd Plans Major Expansion; To Enter Into Bullion Trading

  1. This design is steller! You obviously know how to keep a reader amused. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Wonderful job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool!

  2. My programmer is trying to convince me to move to .net from PHP.
    I have always disliked the idea because of the expenses.
    But he’s tryiong none the less. I’ve been using Movable-type on several websites for about a year and am worried about switching to another platform.
    I have heard fantastic things about blogengine.net.
    Is there a way I can transfer all my wordpress
    content into it? Any help would be really appreciated!

Leave a Reply

Your email address will not be published.

Business

Jaipur’s Metalware Manufacturer IRIS Wins the Mandate for the Wedding of Katrina Kaif and Vicky Kaushal

Exclusive metalware products of IRIS, to bedeck the wedding of Katrina Kaif and Vicky Kaushal; IRIS supplies Metalware for all the leading hotel chains of India, including the upscale luxury properties of Rajasthan Jaipur (Rajasthan) [India], December 4: As the ancient town of Barwara, near Sawai Madhopur, gears up for the preparation of the much-awaited […]

Read More
Business

Leading Funds including Societe Generale Pick up stake in Karda Construction Ltd

Mumbai (Maharashtra) [India], December 4: BSE & NSE listed Karda Constructions Limited (KCL), a leading player in the affordable and mid-income housing segment in its home turf Nashik, Maharashtra. As per bulk deal data available on NSE, France based Fund, SocieteGenerale bought 36,00,000 shares at Rs. 16.65 of Karda Construction Ltd on 2 December 2021. […]

Read More
Business

KnowDis Machine Learning Day 2021 – 3rd Edition on December 3, 2021

New Delhi (India), December 03: KnowDis and School of AI, IIT Delhi, have jointly organized the third edition of the online conference that looks to bring together leading experts from all over the world for a meeting of the minds. Hearing these discussions will stimulate the minds of young researchers to push the frontiers of […]

Read More