Ajanta Pharma

BENGALURU, July 16 (Reuters) - Diary of India economic, corporate events on July 16

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(Compiled by Bengaluru Newsroom)

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Three promoter entities of Ajanta Pharma have pledged 66.32 lakh shares (5.31% of equity) and subjected all their holdings to a covenant, resulting in total encumbrance of 1.69 crore shares or 13.53% of the company’s paid-up capital, according to a disclosure by security trustee CTL Trusteeship on July 2. The encumbrance secures unlisted debentures of Lenexis Foodworks Private Limited (₹3,373 crore) and Inspira Realty 2 Private Limited (₹500 crore). The pledge was created on June 2 and June 30 by Aayush Agrawal Trust (38.32 lakh shares), Gabs Investments (27.7 lakh shares), and Aayush Agrawal (30,000 shares). The promoter group had previously disclosed some of these pledges piecemeal, but the trustee’s filing now reveals the full scale and the underlying purpose for the first time. Ajanta Pharma shares held by the three entities are now entirely encumbered under the transaction documents.

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July 2 (Reuters) - Ajanta Pharma Ltd AJPH.NS:

• AJANTA PHARMA - RECEIVES US FDA ESTABLISHMENT INSPECTION REPORT FOR PAITHAN FACILITY

• AJANTA PHARMA - PAITHAN FACILITY INSPECTION CLASSIFIED AS VOLUNTARY ACTION INDICATED

Source text: ID:nBSE4JNrCg

Further company coverage: AJPH.NS

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Ravi Agrawal Trust, a promoter entity of Ajanta Pharma, sold 3.45m shares or 2.76% of the drugmaker's equity on June 9 in open-market transactions. The sale reduced the promoter group's stake in the Mumbai-based company from 13% to 10.24%. The shares were sold at an undisclosed price on both the BSE and NSE. Ajanta Pharma has a market capitalisation of roughly ₹37,900 crore. The trust remains the single largest promoter entity with a 10.24% holding after the sale.

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Gabs Investments Pvt. Ltd., a promoter entity of Ajanta Pharma, created a pledge on 27.7 lakh shares of the company on June 2, representing 2.22% of the total equity. The shares were pledged in favor of CTL Trusteeship Limited for a new loan. The move raised the promoter group's total encumbered stake from roughly 11.7% to 13.9% of Ajanta Pharma's equity. The pledge was disclosed to stock exchanges on June 3. No further details about the loan amount or terms were provided.

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June 9 (Reuters) - A promoter entity of India's Ajanta Pharma AJPH.NS sold shares worth 10.24 billion rupees ($107.4 million) via bulk deal on Tuesday, according to exchange data.

Here are the details:

• Ravi Agrawal Trust, a promoter group entity of the drugmaker, sold 3.5 million shares, representing about 2.8% stake, according to bulk deal data from the National Stock Exchange of India

• Shares were sold at 2,968 rupees each, which is at a 0.03% discount to Monday's closing price

• Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Mutual Fund bought 2.1 million and 1.3 million shares of Ajanta Pharma, respectively

• Ravi Agrawal Trust held 16.2 million shares in the firm, equivalent to a 13% stake, according to exchange data as of March-end

• In December 2022, promoters Ravi Agrawal Trust and Aayush Agrawal Trust had together sold about 4.6% stake in Ajanta Pharma via a block deal, according to an Economic Times report.

($1 = 95.3500 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Shailesh Kuber)

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** Shares of India's Ajanta Pharma AJPH.NS jump 4.98% to 3,042 rupees

** Drugmaker's quarterly profit up ~18% y/y to 2.67 billion rupees ($28.08 million)

** Revenue jumps ~21% y/y, driven by strong U.S. and Africa sales

** Jefferies ("buy", PT: 3,550 rupees) trims FY27 EPS estimate by 3% on higher tax rate

** ICICI Securities raises PT by 175 rupees to 3,100 rupees; cuts FY27 and FY28 EPS estimates by 2% and 3%, respectively

** Brokerage sees scope for co to exceed its FY27 EBITDA margin guidance of 26-28%

** Trading volume at ~2.5x the 30-day average

** YTD stock up ~7.7% vs Nifty Pharma .NIPHARM index's ~4.6 gain

($1 = 95.0750 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

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May 5 (Reuters) - Ajanta Pharma Ltd AJPH.NS:

• AJANTA PHARMA LTD MARCH-QUARTER CONSOL PROFIT 2.67 BILLION RUPEES

• AJANTA PHARMA LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 14.22 BILLION RUPEES

Source text: [ID:]

Further company coverage: AJPH.NS

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April 22 (Reuters) - Ajanta Pharma Ltd AJPH.NS:

• AJANTA PHARMA LTD - US FDA ISSUES FORM-483 WITH 5 OBSERVATIONS AT AJANTA PHARMA PAITHAN FACILITY

Source text: ID:nNSE3q0qvn

Further company coverage: AJPH.NS

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Feb 10 (Reuters) - Ajanta Pharma Ltd AJPH.NS:

• AJANTA PHARMA LTD - ISSUES CLARIFICATION ON MEDIA REPORT

• AJANTA PHARMA LTD - DENIES PLANS TO BUY RESTAURANT BRANDS ASIA

Source text: ID:nBSE53rVT9

Further company coverage: AJPH.NS

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Jan 20 (Reuters) - Ajanta Pharma Ltd AJPH.NS:

• AJANTA PHARMA LTD - HAS NOT CONSIDERED ACQUIRING STAKE IN RESTAURANT BRANDS ASIA

• AJANTA PHARMA LTD - REFERENCE TO AJANTA PHARMA IN NEWS ARTICLE IS INCORRECT

Source text: ID:nBSE2p127p

Further company coverage: AJPH.NS

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By Aditya Kalra, Yantoultra Ngui and Vibhuti Sharma

NEW DELHI/SINGAPORE, Jan 19 (Reuters) - Private equity firm Everstone will sell its entire 11.26% stake in Burger King's India and Indonesia franchisee Restaurant Brands Asia RESR.NS, as part of a deal to be announced on Tuesday, two people with direct knowledge of the matter said.

Everstone Capital's stake, through its investment vehicle QSR Asia Pte Ltd, is valued at $57 million currently, according to Refinitiv data. Restaurant Brands Asia has a market capitalisation of $437 million in Mumbai.

Under the deal, Restaurant Brands Asia will get a new strategic investor, said the two sources, who declined to be named as the matter is confidential.

Everstone and Restaurant Brands Asia did not respond to Reuters requests for comment.

The family office of the founders of India's Ajanta Pharma, which also runs other restaurant businesses, is set to be the strategic investor in the deal, and could inject up to 8 billion Indian rupees ($88 million) in the company, according to one of the sources.

Representatives of the family office did not respond to a request for comment.

It was not immediately clear what stake Ajanta would take in the company, but the source added it was considering taking up a majority stake in due course as other shareholders sell out.

Restaurant Brands Asia told Indian stock exchanges last week that it planned to hold a board meeting on Tuesday to "consider and evaluate raising of funds". It did not elaborate.

(Reporting by Aditya Kalra in New Delhi and Yantoultra Ngui in Singapore; Editing by Emelia Sithole-Matarise)

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** Ajanta Pharma AJPH.NS rises 2.5% to 2,757.30 rupees

** Motilal Oswal says AJPH's partnership with Biocon BION.NS to source weight-loss drug semaglutide is "meaningful step" towards introducing newer therapies, way for AJPH to secure market share

** Forecasts potential annualised sales from semaglutide in Asia and Africa at $25-30 mln from H2 FY28, EBITDA margin of 50-55%

** Expects AJPH's overall revenue and profit to grow at 11% and 16% CAGR, respectively, over FY26-28

** Reiterates "buy" rating on AJPH with PT of 3,145 rupees

** Avg rating of 13 analysts is "buy"; median PT is 3,120 rupees - data compiled by LSEG

** YTD, AJPH down 6% vs pharma index's .NIPHARM 3.9% decline

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Ajanta Pharma AJPH.NS rise 2.4% to 2,626.30 rupees

** Jefferies starts coverage on AJPH with 'buy' and price target of 2,850 rupees

** Brokerage expects AJPH to further improve its market positioning and achieve mid-teens revenue growth for branded generics segment

** Co expected to achieve 200 bps margin expansion to 29.5% on rising contribution from branded generic markets - Jefferies

** Brokerage sees limited impact from potential US reciprocal tariffs for AJPH margins as US margins are much lower than company avg

** Analysts, on average, rate AJPH at "buy", median PT is 2,990 rupees - data compiled by LSEG

** AJPH down ~10% in 2025 after gaining 40.7% in 2024

(Reporting by Vijay Malkar)

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** Shares of Ajanta Pharma AJPH.NS rise 4.15% to 2735.45 rupees

** Stock rises after the specialty pharmaceutical company announced its plans to expand manufacturing capabilities to meet growing global demand

** AJPH to add a liquid formulation facility at its Pithampur site in Madhya Pradesh

** Facility to boost capacity to 12 million bottles per annum, from the current 6 million bottles

** AJPH says the capacity expansion will require an investment of 920 million rupees ($10.66 million)

** AJPH shares are down 7.1% so far in 2025, against an 8% fall in the pharma index .NIPHARM, of which it is a constituent

($1 = 86.2650 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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Jan 30 (Reuters) - Ajanta Pharma Ltd AJPH.NS:

• DEC-QUARTER CONSOL NET PROFIT 2.33 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 11.46 BILLION RUPEES

Source text: ID:nBSE7SQY1v

Further company coverage: AJPH.NS

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Oct 28 (Reuters) - Ajanta Pharma Ltd AJPH.NS:

• AJANTA PHARMA SEPT-QUARTER CONSOL NET PROFIT 2.16 BILLION RUPEES

• AJANTA PHARMA LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 11.87 BILLION RUPEES

• AJANTA PHARMA LTD - DIVIDEND 28 RUPEES PER SHARE

Source text: ID:nBSE2kT0DX

Further company coverage: AJPH.NS

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** Shares of Ajanta Pharma AJPH.NS climb as much as 6.7% to a record high of 2,579.90 rupees

** Stock set for ninth straight session of gain

** Drugmaker's Q1 consol profit after tax rose 18% Y/Y; rev grew 12% Y/Y

** Mean rating of nine analysts is "buy"; median PT is 2,400 rupees - LSEG data

** Stock up 24% YTD after gaining 73% in 2023

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Ajanta Pharma AJPH.NS rise as much as 13.7% to a record high of 2,540 rupees; last up 8.7%

** Stock is the top gainer in the Nifty 500 index .NIFTY500 and is on pace for its 11th consecutive session of gains

** The specialty pharmaceuticals maker reported a 65.8% jump in its consolidated profit for the quarter ended March 31 to 2.03 bln rupees ($24.4 mln)

** Revenue from operations rose 19.5% Y/Y

** Co has also approved a buy-back of equity shares at a price of 2,770 rupees per share

** Stock posts biggest intraday pct gain since Feb. 20, 2020

** Average rating of 10 analysts covering the stock is "buy"; median PT is 2,235 rupees - LSEG data

** More than 871,000 shares change hands as of 9:52 a.m. IST, 8.1x 30-day average

** Including session's gain, stock is up 17% YTD

($1 = 83.3790 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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May 2 (Reuters) - Ajanta Pharma Ltd AJPH.NS:

• AJANTA PHARMA LTD - APPROVAL OF BUY-BACK OF EQUITY SHARES

• AJANTA PHARMA LTD - APPROVAL OF BUY-BACK OF EQUITY SHARES AT PRICE 2770 RUPEES PER SHARE

• AJANTA PHARMA LTD - BUY-BACK UPTO 2.85 BILLION RUPEES

• AJANTA PHARMA MARCH-QUARTER CONSOL PROFIT 2.03 BILLION RUPEES VERSUS PROFIT 1.22 BILLION RUPEES

• AJANTA PHARMA LTD - BUY-BACK THROUGH TENDER OFFER

• AJANTA PHARMA MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 10.54 BILLION RUPEES VERSUS 8.82 BILLION RUPEES

Source text for Eikon: ID:nBSE8VwH6V

Further company coverage: AJPH.NS

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** Shares of Ajanta Pharma AJPH.NS rise as much as 5.8% to 2,300 rupees in early trading; stock has since pared gains, now up 1.5%

** Pharma co reported a 56.1% Y/Y jump in third-quarter net profit on 13.7% increase in rev from ops

** Stock trading above its 100-day moving averages since March end

** Avg rating of 12 analysts close to equivalent of "buy;" median PT is 2,030 rupees - LSEG

** Stock on track for a fourth consecutive quarter of gains, if trend holds

(Reporting by Navamya Ganesh Acharya)

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Jan 31 (Reuters) - Ajanta Pharma Ltd AJPH.NS:

• AJANTA PHARMA DEC-QUARTER CONSOL NET PROFIT 2.10 BILLION RUPEES VERSUS PROFIT 1.35 BILLION RUPEES

• AJANTA PHARMA DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 11.05 BILLION RUPEES VERSUS 9.72 BILLION RUPEES

• AJANTA PHARMA LTD - DIVIDEND OF 26 RUPEES PER SHARE

Source text for Eikon: [ID:]

Further company coverage: AJPH.NS

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** Shares of Ajanta Pharma AJPH.NS rise 2.4% to a record high of 1,995.95 rupees

** Stock trading above its 50-, 100-, and 200-day moving averages since Nov. 1

** More than 180,000 shares change hands by 3:06 p.m. IST, 1x the 30-day avg

** Eleven analysts rate stock "buy" or higher, one "hold" and "sell"; median PT is 2030 rupees - LSEG data

** Including day's gains so far, stock up ~64.1% so far this year

(Reporting by Dimpal Gulwani in Bengaluru)

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Oct 31 (Reuters) - Ajanta Pharma Ltd AJPH.NS:

• SEPT-QUARTER CONSOL NET PROFIT 1.95 BILLION RUPEES VERSUS 1.57 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 10.28 BILLION RUPEES VERSUS 9.38 BILLION RUPEES

Further company coverage: AJPH.NS

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** Shares of specialty pharmaceuticals maker Ajanta Pharma AJPH.NS up as much as 9.37% to a record high of 1697.95 rupees

** Co on track for second consecutive session of gains if trends hold

** AJPH reported a near 19% rise in consolidated profit after tax for the quarter ended June 30 to 2.08 billion rupees ($25.3 million)

** Co approved total dividend of 25 rupees per share, which includes special dividend of 15 rupees per share

** About 388,293 shares change hands as of 9:25 a.m. IST, vs 2.5x 30-day average of 157,708 shares

** Stock up 28.1% YTD as of last close

($1 = 82.1973 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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July 27 (Reuters) - Ajanta Pharma Ltd AJPH.NS:

• AJANTA PHARMA JUNE-QUARTER CONSOL PAT 2.08 BILLION RUPEES VERSUS 1.75 BILLION RUPEES

• AJANTA PHARMA LTD - INTERIM DIVIDEND 25 RUPEES PER SHARE

• AJANTA PHARMA JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 10.21BLN RUPEES VERSUS 9.51 BILLION RUPEES

Source text for Eikon: ID:nBSE1Vcrdq

Further company coverage: AJPH.NS

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** Shares of speciality pharmaceuticals maker Ajanta Pharma AJPH.NS rise as much as 4.49% to 1,528.55 rupees

** Co said its formulation facility at Dahej was inspected by the U.S. FDA from June 19-23, and the regulator did not issue any Form 483

** A Form FDA 483 is issued to a company's management at the conclusion of an inspection when an investigator(s) has observed conditions that in their judgment may constitute violations of the Food, Drug, and Cosmetic (FD&C) Act and other Acts or regulations

** Share price above 50-day, 100-day and 200-day exponential moving averages since May 16, suggesting bullish trend

** More than 81,000 shares change hands vs 30-day avg of 123,038 shares

** Twelve of 13 analysts covering the stock have a "buy" or "strong buy" rating, while one has "hold"; median PT is 1,520 rupees - Refinitiv data

** Ajanta stock up 20.7% YTD, as of last close

(Reporting by Ashish Chandra in Bengaluru)

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May 5 (Reuters) - Ajanta Pharma Ltd AJPH.NS:

• AJANTA PHARMA MARCH-QUARTER CONSOL PROFIT 1.22 BILLION RUPEES VERSUS 1.51 BILLION RUPEES

• AJANTA PHARMA MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 8.82 BILLION RUPEES VERSUS 8.70 BILLION RUPEES

Source text for Eikon: ID:nBSEV7qs7

Further company coverage: AJPH.NS

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