Genpharmasec Ltd achieves a significant milestone by entering into a Super stockist agreement with Amneal Healthcare Pvt Ltd

Genpharmasec Limited [GENPHARMA] is pleased to announce its recent agreement with Amneal Healthcare Private Limited [AHPL].

In terms of this said Agreement, AHPL has agreed for Appointment of GENPHARMA as nonexclusive Supper Stockist within the territory to further sell to wholesale pharmacist and/or retail pharmacist the products which are manufactured by AHPL and its third-party contact manufacture or third-party licensors.

Minimum Annual Sales Commitment: AHPL undertakes to provide GENPHARMA with a minimum annual sales commitment of approximately INR 60 Crores for the period from January 1, 2025, to December 31, 2025.

Commenting on the development Mr. Rajesh Sadhwani, Promoter and Director of Genpharmasec Limited said: We are excited to enter into a Super Stockist Agreement with AHPL, a highly respected name in the healthcare industry. This agreement represents a key step forward in our commitment to expanding our presence in the market and strengthening our distribution capabilities. By working with AHPL, we will be able to offer an even wider range of high-quality healthcare products to our customers, ensuring greater accessibility and service excellence.

This collaboration is not only a testament to the trust and synergy between our organizations but also lays the foundation for sustained growth and mutual success in the years to come. We look forward to a fruitful partnership with AHPL and are confident that it will bring significant value to both parties.

Shares of GenPharmasec Ltd was last trading in BSE at Rs. 3.93 as compared to the previous close of Rs. 3.58. The total number of shares traded during the day was 3965380 in over 1533 trades.

The stock hit an intraday high of Rs. 3.93 and intraday low of 3.81. The net turnover during the day was Rs. 15554277.00.

Source : Equity Bulls

Keywords

GenePharmasec INE861N01036 Milestone SuperStockistAgreement