
Evexia Lifecare Ltd Plans Major Expansion; To Enter Into Bullion Trading
October 11, 2021
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.
Good article. It is very unfortunate that over the last several years, the travel industry has had to tackle terrorism, SARS, tsunamis, influenza, swine flu, as well as the first ever true global economic depression. Through all this the industry has proven to be solid, resilient plus dynamic, getting new solutions to deal with difficulty. There are generally fresh difficulties and opportunity to which the industry must just as before adapt and respond.
Thank you, I’ve just been searching for info approximately this subject for ages and yours is the best I have came upon till now. But, what in regards to the conclusion? Are you sure in regards to the supply?
I have been checking out many of your articles and i must say pretty good stuff. I will definitely bookmark your website.
Heya are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and set up my own. Do you require any coding knowledge to make your own blog? Any help would be really appreciated!
It抯 truly a nice and useful piece of info. I抦 satisfied that you shared this useful info with us. Please keep us up to date like this. Thank you for sharing.
As the admin of this web site is working, no hesitation very rapidly it will be well-known,
due to its quality contents.
Hi! I could have sworn I’ve been to this site before but after browsing through
some of the post I realized it’s new to me. Nonetheless, I’m definitely glad
I found it and I’ll be bookmarking and checking
back often!
It’s going to be finish of mine day, however before finish I am reading this wonderful piece of writing to increase my experience.
I think the admin of this web page is in fact working hard in support of his website, for
the reason that here every material is quality based material.
It’s actually a nice and useful piece of info. I am happy that you simply shared this useful information with
us. Please stay us informed like this. Thank you for sharing.
Hey! Do you use Twitter? I’d like to follow you if that would be okay.
I’m absolutely enjoying your blog and look forward to
new posts.
Howdy would you mind sharing which blog platform you’re using?
I’m looking to start my own blog soon but I’m having a tough time selecting between BlogEngine/Wordpress/B2evolution and Drupal.
The reason I ask is because your layout seems different then most blogs and I’m
looking for something completely unique.
P.S Apologies for getting off-topic but I had to ask!
I like looking through an article that will make people think.
Also, thanks for allowing for me to comment!
Heya outstanding blog! Does running a blog such as this take a great deal of work?
I’ve virtually no knowledge of computer programming however
I had been hoping to start my own blog soon. Anyhow, should you have any recommendations or tips for new blog
owners please share. I understand this is off topic but I
just needed to ask. Many thanks!
bookmarked!!, I really like your website!
Appreciation to my father who informed me concerning this webpage, this webpage is in fact remarkable.
I do trust all of the concepts you have introduced in your post.
They are really convincing and will definitely work.
Nonetheless, the posts are too short for starters. May you please
lengthen them a bit from subsequent time? Thanks for the post.
Woah! I’m really loving the template/theme of this blog.
It’s simple, yet effective. A lot of times it’s difficult to get that “perfect balance” between user
friendliness and visual appearance. I must say you have done a
great job with this. Additionally, the blog loads super
quick for me on Internet explorer. Superb Blog!