Jeena Sikho Lifecare signs ₹7.66 crore deal for Manali wellness centre
Jeena Sikho Lifecare Ltd approved a ₹7.66 crore licence agreement with Ajna Resorts for a Manali wellness centre. The 11-month deal adds 30 guest rooms and treatment facilities, funded via internal accruals, marking a strategic entry into premium wellness hospitality without property capex.

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Jeena Sikho Lifecare has secured approval from its Board of Directors to execute a Room Block & Services Licence Agreement with Mr. Anil Saklani, owner of Ajna Resorts, for the establishment of an integrated wellness centre in Manali, Himachal Pradesh. The strategic collaboration, approved on August 4, 2026, aims to expand the company’s infrastructure in the premium wellness hospitality segment by adding capacity for Ayurveda, Panchakarma, and preventive healthcare services. This move is expected to enhance operational scalability and contribute to long-term revenue generation without requiring capital expenditure on property acquisition.
The agreement was formalised under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III and applicable SEBI Master Circulars. The Board meeting commenced at 4:30 P.M. (IST) and concluded at 5:00 P.M. (IST). The transaction is classified as being in the ordinary course of business and does not constitute a related party transaction, as the promoters and group companies hold no interest in Ajna Resorts. The arrangement is executed on an arm’s length basis.
Key Terms of the Agreement
The licence grants Jeena Sikho Lifecare the rights to establish, operate, and manage the wellness centre within the licensed premises at Ajna Resorts. The facility will comprise thirty luxury guest rooms, five consultation/treatment rooms, and exclusive operational rights over five spa treatment rooms, along with proportionate common spa areas and dedicated retail spaces. Operations are proposed to commence within 60 days from the Effective Date, subject to the fulfilment of Commercial Readiness requirements.
| Particulars | Details |
|---|---|
| Counterparty | Mr. Anil Saklani, Owner of Ajna Resorts |
| Location | Village Jagatsukh, Manali, District Kullu, Himachal Pradesh |
| Licence Fee | ₹7.66 Crore plus applicable taxes |
| Licence Term | Eleven (11) months from Commercial Readiness Date |
| Payment Terms | Two equal advance instalments at six-month intervals |
| Financing Mode | Internal Accruals (Owned Funds) |
The licence term is set for eleven months commencing from the Commercial Readiness Date. Upon expiry, the agreement will not continue automatically; any continuation requires mutual written consent and the execution of a fresh Room Block & Services Licence Agreement. The licence fee of ₹7.66 crore is payable in two equal advance instalments at six-month intervals during each Contract Year. Since the arrangement involves licensing facilities rather than acquiring property, no capital expenditure is involved towards property acquisition.
Strategic Impact on Infrastructure
This capacity addition strengthens Jeena Sikho Lifecare’s integrated healthcare and wellness offerings by entering the premium wellness retreat market. The company currently operates over 120 Ayurveda clinics and hospitals. The Manali centre will serve as a dedicated hub for health transformation programmes and allied healthcare services, leveraging the resort’s existing infrastructure. By utilising a licence model, the company avoids heavy capex while rapidly scaling its service footprint in a high-demand tourist destination. The expansion aligns with the company’s objective to diversify revenue streams beyond traditional clinical settings into holistic wellness tourism.
Regulatory disclosures were made in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The details have been uploaded to the company’s website for stakeholder reference.
Historical Stock Returns for Jeena Sikho Lifecare
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.42% | +1.57% | -0.32% | -14.90% | +3.84% | +231.24% |
How will the seasonal nature of tourism in Manali impact the utilization rates and revenue stability of the 30-room wellness centre during off-peak months?
What is Jeena Sikho Lifecare's strategy for renewing or renegotiating the licence agreement after the initial 11-month term expires, given that automatic continuation is not guaranteed?
How does the ₹7.66 crore licence fee compare to industry benchmarks for similar premium hospitality partnerships, and what is the projected break-even timeline for this investment?


































