Resonance Specialties has received approval for purchase of manufacturing facility situated at Plot No. 6, New Industrial AreaII, Mandideep, Dist Raisen, Madhya Pradesh along with leasehold land, buildings, plant & machineries, licenses, permits, along with employees, etc. from Kaygee Laboratories (KLPL) a related party, for a consideration of Rs 29.98 crore on slump sale basis.
The said transaction is expected to be completed on or before November 30, 2026 or such other date as may be mutually agreed subject to the necessary consents for the transfer of the leasehold rights on the land on which this manufacturing unit is situated. The Board of Directors of the Company at their meeting held on August 4, 2026 has approved the same.
Resonance Specialties is a pioneer in Pyridine chemistry and one of the few manufacturers of the product in the world.
