Jeena Sikho Lifecare establishes research institute in Chandigarh
Jeena Sikho Lifecare Limited signed an MoU to establish a research institute in Chandigarh, focusing on Ayurveda and integrative healthcare. The five-year agreement involves no rent charges, with the company covering operational costs.
*this image is generated using AI for illustrative purposes only.
Jeena Sikho Lifecare Limited has executed a Memorandum of Understanding cum Research Facility Usage Agreement to establish a dedicated Research Institute and Research Facility at Chandigarh. The agreement, signed on June 12, 2026, aims to advance research, innovation, and education in the fields of Ayurveda, Integrative Healthcare, and Preventive Wellness. This strategic move is designed to strengthen the company's research and development ecosystem and support its long-term vision of evidence-based healthcare.
The agreement was executed between Jeena Sikho Lifecare Limited and Mr. Rakesh Sharma and Mrs. Neerja Rakesh Sharma. The facility is located at First Floor, Commercial Property No. 138, Sector 40-C, Chandigarh. The arrangement does not fall within the purview of related party transactions, as the parties involved are not related to the promoter or promoter group of the company.
The agreement is valid for an initial period of five years, commencing from June 15, 2026, and ending on June 14, 2031. The company has been granted operational freedom to conduct its activities, including renovations and infrastructure development at its own cost, subject to applicable approvals. Either party may terminate the agreement by providing three months' prior written notice.
Financially, the company is not required to pay any rent, lease rent, licence fee, or occupancy charges for the use of the premises. However, Jeena Sikho Lifecare Limited will bear operational expenses, maintenance expenses, and utility charges attributable to its activities. The disclosure was made to the stock exchanges on June 15, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Agreement Details
| Particulars | Details |
|---|---|
| Entity | Mr. Rakesh Sharma and Mrs. Neerja Rakesh Sharma |
| Location | First Floor, Commercial Property No. 138, Sector 40-C, Chandigarh |
| Duration | June 15, 2026 to June 14, 2031 |
| Consideration | No rent or licence fee payable |
| Company Expenses | Operational, maintenance, and utility charges |
Historical Stock Returns for Jeena Sikho Lifecare
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.41% | -6.15% | -11.75% | -22.22% | +30.92% | +221.43% |
What specific research projects or clinical trials does Jeena Sikho Lifecare plan to prioritize at the new facility?
How will the establishment of this research institute impact the company's R&D expenditure over the next fiscal year?
Does the company intend to file for new intellectual property rights or patents based on the innovation conducted at this center?
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