JHS Svendgaard Laboratories Limited has undertaken a strategic initiative to expand its business operations. The Company has decided to establish a new project in the Union Territory of Jammu and Kashmir. This expansion is aimed at strategic objectives, i.e tapping into new markets, leveraging local resources, availing fiscal incentives etc.

The decision to set up the new project in Union Territory of Jammu and Kashmir aligns with the Company's growth strategy such as diversification, geographical expansion, increasing production capacity, etc. This expansion can lead to benefits, such as enhanced operational efficiency, increased market reach, economies of scale, etc. The necessary regulatory approvals and permissions required for this expansion project would be pursued, and the Company will comply with all applicable laws and regulations.

The fiscal incentives offered by the Government of Jammu and Kashmir provide a significant impetus for expansion plans in the region. We believe that these benefits will contribute positively to our operational efficiencies and financial performance over the long term.