Dhanuka Agritech Limited has made a strategic move to expand its product portfolio and global presence by signing an agreement with Bayer AG, Germany. This agreement involves the acquisition of two critical active ingredients, Iprovalicarb and Triadimenol, along with the Melody trademark for Iprovalicarb. This acquisition will enable Dhanuka Agritech to expand its reach in the crop protection sector both within India and in international markets.

The agreement is subject to the completion of certain closing actions, but once concluded, it will significantly enhance Dhanuka's global business presence. The company is poised to sell these products not only in India but in various other countries, marking a significant milestone in its growth trajectory.

As part of SEBI’s disclosure requirements, this announcement is in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, ensuring that stakeholders are informed of major corporate decisions and agreements. The acquisition is a key step in Dhanuka's strategic efforts to strengthen its position in the agriculture sector and enhance its market offerings.

The active ingredients Iprovalicarb and Triadimenol are crucial components in the field of crop protection, and Dhanuka’s acquisition of these products will give it a competitive edge in the rapidly evolving agricultural industry. By incorporating these products into its portfolio, Dhanuka Agritech aims to provide farmers with more effective solutions for protecting crops and ensuring higher yields.

The announcement also includes detailed information pursuant to the provisions of Regulation 30 and is available in the Annexure-A, which outlines the key terms of the agreement. The company confirmed that the parties involved in the deal are not related to Dhanuka’s promoter group or its group companies, and no related party transactions are involved.

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