Jeena Sikho Lifecare Limited Establishes Research Institute in Chandigarh Through New Agreement
Jeena Sikho Lifecare Limited has signed a Memorandum of Understanding cum Research Facility Usage Agreement to establish a dedicated Research Institute and Research Facility in Chandigarh. The initiative is set to significantly strengthen the company's research and development ecosystem within the healthcare sector.The agreement, executed on June 12, 2026, involves Jeena Sikho Lifecare Limited and Mr. Rakesh Sharma and Mrs. Neerja Rakesh Sharma. The proposed centre in Chandigarh is intended to focus on research, innovation, education, evidence generation, and knowledge development across Ayurveda, Integrative Healthcare, Preventive Wellness, and allied disciplines.
The Research Institute will serve as a platform for various activities, including scientific studies, publications, training programmes, and innovation-driven projects. This venture supports the company's long-term vision of advancing evidence-based healthcare and contributing to public welfare through healthcare research and education. The arrangement is noted not to fall within the purview of related party transactions.
Facility Terms and Conditions
The agreement outlines specific operational terms for the usage of the premises, located at First Floor, Commercial Property No. 138, Sector 40-C, Chandigarh. Key details regarding the partnership and the facility are provided below:| Particulars | Details |
|---|---|
| Agreement Execution Date | June 12, 2026 |
| Agreement Duration | Initial period of five years, from June 15, 2026, to June 14, 2031 |
| Purpose of Facility | Establishment and operation of a Research Institute, Knowledge Centre, Innovation Centre, Academic Centre, Training Centre, Documentation Centre, and Research Laboratory. |
| Financial Consideration | No rent, lease rent, licence fee, occupancy charges, or similar monetary consideration is payable by the Company for the use of the premises. The company shall bear operational expenses, maintenance expenses, and utility charges attributable to its activities. |
| Facility Use Terms | The Facility Providers granted permission to the Company to utilize the premises for research, innovation, academic, training, and allied activities. |
The agreement specifies that Mr. Rakesh Sharma and Mrs. Neerja Rakesh Sharma are not related to the promoter or group companies of Jeena Sikho Lifecare Limited, ensuring the transaction is executed without falling under related party transactions.
JSLL Stock Price Movement
Shares of Jeena Sikho Lifecare Limited on Monday slipped by 0.36% to settle at ₹609, finishing lower from previous trading levels. The stock traded amidst a volume of 852,332 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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