Veerhealth Care Ltd enters into contract manufacturing agreement

Veerhealth Care Limited has entered into a strategic Contract Manufacturing Agreement with a company having top position in personal care segment on marketplace companies in the country for the production of its private-label personal care range of products.

This partnership marks a significant milestone in company's growth strategy, further strengthening our position in the personal care manufacturing sector. Under the terms of the agreement, company will manufacture and supply personal care range of products exclusively tailored to the company's brand specifications and quality standards. Company is in the process of regulatory approval which is expected to be completed soon and commercial production is expected to begin soon.

This development is expected to have a positive impact on the company's revenue and capacity utilization in the coming quarters.

Shares of Veerhealth Care Limited was last trading in BSE at Rs. 19.91 as compared to the previous close of Rs. 20.59. The total number of shares traded during the day was 195038 in over 219 trades.

The stock hit an intraday high of Rs. 21.20 and intraday low of 19.31. The net turnover during the day was Rs. 3917869.00.

Source : Equity Bulls

Keywords

VeerhealthCare INE882C01035 Pharmaceuticals ContractManufacturingAgreement