Syncom Formulations (India) Limited Acquires Commercial Property from HDFC Bank Ltd for ₹57,26,00,000

1 min read     Updated on 05 May 2026, 05:29 AM
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Syncom Formulations (India) Limited disclosed on 4th May, 2026, the acquisition of the entire 7th Floor, Trade Star, Andheri-Kurla Road, Andheri (E), Mumbai-400059 from HDFC Bank Ltd. The total consideration paid for the property stands at ₹57,26,00,000 (Rupees Fifty-Seven Crore Twenty Six Lacs Only), representing full and final payment. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015, and has been classified as a material development by the company.

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Syncom Formulations (India) Limited has informed the stock exchanges of a material acquisition under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026. The disclosure was filed on 4th May, 2026 and pertains to the successful purchase of a commercial property from HDFC Bank Ltd.

Acquisition of Commercial Property

Syncom Formulations (India) Limited has completed the acquisition of the entire 7th Floor at Trade Star, Andheri-Kurla Road, Andheri (E), Mumbai-400059. The company's bid for this commercial property was accepted by HDFC Bank Ltd, and the transaction has been concluded with the payment of the full and final consideration.

The key details of the acquisition are summarised below:

Parameter: Details
Property Acquired: Entire 7th Floor, Trade Star
Location: Andheri-Kurla Road, Andheri (E), Mumbai - 400059
Seller: HDFC Bank Ltd
Total Consideration: ₹57,26,00,000 (Rupees Fifty-Seven Crore Twenty Six Lacs Only)
Disclosure Date: 4th May, 2026
Regulatory Framework: Regulation 30 of SEBI (LODR) Regulations, 2015

Regulatory Disclosure

The acquisition has been classified as material in nature by the company and has been disclosed to BSE Limited and the National Stock Exchange of India Limited in compliance with applicable SEBI regulations. The disclosure was signed by CS Vaishali Agrawal, Company Secretary and Compliance Officer of Syncom Formulations (India) Limited, on 4th May, 2026.

Syncom Formulations (India) Limited is a WHO-GMP and ISO 9001:2015 certified company with its registered office at 7, Niraj Industrial Estate, Off Mahakali Caves Road, Andheri (East), Mumbai - 400 093, and its corporate office at 207, Saket Nagar, Indore - 452 018.

Historical Stock Returns for Syncom Formulations

1 Day5 Days1 Month6 Months1 Year5 Years
+2.42%+3.38%+27.26%-12.21%-12.48%+77.53%

How will Syncom Formulations utilize the newly acquired Mumbai office space, and could this signal a strategic shift toward expanding its corporate presence in a major financial hub?

What impact will the ₹57.26 crore capital outlay have on Syncom Formulations' balance sheet, liquidity position, and future capital expenditure plans?

Could this property acquisition near Andheri-Kurla Road's business district indicate plans for partnerships, collaborations, or talent acquisition in Mumbai's pharmaceutical ecosystem?

Syncom Formulations Confirms Non-Applicability of Large Corporate Criteria Under SEBI Regulations

1 min read     Updated on 07 Apr 2026, 09:16 PM
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Syncom Formulations (India) Limited confirmed to BSE and NSE on April 3, 2026, that it does not qualify as a "Large Corporate" under SEBI regulations. This status exempts the WHO-GMP and ISO certified pharmaceutical company from Annual Disclosure requirements in Annexure B2 for FY2025-26. The confirmation references multiple SEBI circulars including the primary regulation SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, and ensures compliance transparency with investors.

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Syncom formulations (India) Limited has formally notified stock exchanges that it does not fall under the "Large Corporate" classification as defined by SEBI regulations. The WHO-GMP and ISO 9001-2000 certified pharmaceutical company submitted this confirmation to both BSE and NSE on April 3, 2026.

Regulatory Compliance Confirmation

The company's confirmation specifically references multiple SEBI circulars that define Large Corporate criteria. The primary regulation cited is SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, which was subsequently updated on April 13, 2022. Additionally, the company referenced SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, along with BSE Notice No. 20220427-2 dated April 27, 2022.

Regulatory Reference: Details
Primary SEBI Circular: SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021
Updated: April 13, 2022
Additional Circular: SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023
BSE Notice: 20220427-2 dated April 27, 2022
Filing Date: April 3, 2026

Exemption from Annual Disclosure Requirements

By confirming its non-Large Corporate status, Syncom Formulations is exempt from specific regulatory obligations. The company stated that the requirement for submission of Annual Disclosure in Annexure B2 for the financial year ended March 31, 2026, is not applicable. This exemption represents a significant compliance relief for the company, as Large Corporates face additional disclosure and reporting requirements under SEBI regulations.

Company Profile and Operations

Syncom Formulations operates as a WHO-GMP and ISO 9001-2000 certified pharmaceutical company with CIN No. L24239MH1988PLC047759. The company maintains multiple operational locations across India:

  • Registered Office: 7, Niraj Industrial Estate, Off Mahakali Caves Road, Andheri (East), Mumbai-400 093
  • Manufacturing Works: 256-257, Sector-I, Pithampur, Dist.-Dhar, M.P. - 454 775
  • Corporate Office: 207, Saket Nagar, Near Saket Club, Indore - 452 018

Stock Exchange Communication

The formal communication was signed by Vaishali Agrawal, Company Secretary and Compliance Officer, and submitted to both major Indian stock exchanges. The company requested that this information be disseminated on BSE and NSE websites for investor awareness. This transparent communication approach demonstrates the company's commitment to regulatory compliance and stakeholder information sharing.

The confirmation ensures that investors and market participants are aware of the company's regulatory status and the corresponding compliance obligations that apply to its operations.

Historical Stock Returns for Syncom Formulations

1 Day5 Days1 Month6 Months1 Year5 Years
+2.42%+3.38%+27.26%-12.21%-12.48%+77.53%

What are the specific financial thresholds that would trigger Syncom Formulations to be reclassified as a Large Corporate in future years?

How might this exemption from additional disclosure requirements impact Syncom's competitive positioning against larger pharmaceutical companies?

Will Syncom's non-Large Corporate status affect its ability to access capital markets or institutional funding for expansion plans?

More News on Syncom Formulations

1 Year Returns:-12.48%