Ind-Swift Laboratories Signs ₹400M Deal for New Warehouse Facility

CHANDIGARH, INDIA — Ind-Swift Laboratories Limited announced on July 28, 2026, that it has signed a Memorandum of Understanding (MoU) with Him Infratech Private Limited to construct a major centralized warehouse facility with an estimated contract cost of ₹400 million (₹40 crore).

The pharmaceutical manufacturer plans to establish the project on roughly 4.5 acres of leasehold land in Village Jawaharpur, Derabassi, Punjab. Situated adjacent to the company’s existing Global Business Unit (GBU) manufacturing plant, the modern infrastructure development aims to strengthen storage, refine logistics handling, and upgrade overall operational efficiencies across its supply network.

Strategic Project Details and Operational Scope

Under the terms of the corporate agreement, Him Infratech Private Limited will handle the construction of the centralized hub designed to house up to 11,000 pallets. The specialized facility will serve as a core storage location for raw materials, packaging supplies, and finished pharmaceutical products.

The agreement mandates a construction timeline of 300 days for project completion, excluding unforeseen exigencies.

According to regulatory filings, Ind-Swift Laboratories holds no equity stake in Him Infratech Private Limited. Furthermore, the company clarified that the agreement does not classify as a related-party transaction under existing SEBI Listing Obligations and Disclosure Requirements (LODR) guidelines.

Official Sources Section

The information was formally disclosed in a regulatory filing submitted to BSE Limited and the National Stock Exchange of India Limited on July 28, 2026, by Pardeep Verma, Vice President of Corporate Affairs and Company Secretary at Ind-Swift Laboratories Limited.

The disclosure was issued pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular dated January 30, 2026.

Quote Section

According to official regulatory filings released by the company:

"The warehouse is expected to strengthen the Company's storage and logistics infrastructure and improve operational efficiencies. The company has entered into an MOU with the Contractor to build a centralized warehouse on the leased land (around 4.5 acres) in village Jawaharpur, Derabassi, Punjab, having a capacity of 11,000 pallets for storage of Raw Material, Packing Material and Finished Goods within a period of next 300 days."

Why It Matters

Expanding centralized storage infrastructure allows pharmaceutical producers to better manage material flow, reduce external warehousing expenditures, and safeguard inventory conditions for sensitive pharmaceutical products. Positioning the 11,000-pallet facility directly beside the existing Derabassi Global Business Unit eliminates unnecessary transport legs, optimizes inventory control, and enhances supply chain resilience to support market demand.

Key Facts at a Glance

• Total Investment: The estimated contract cost for the facility stands at ₹400 million (₹40 crore).

• Location: Built on 4.5 acres of leasehold land at Village Jawaharpur, Derabassi, Punjab.

• Capacity: Storage capacity for 11,000 pallets containing raw materials, packing materials, and finished goods.

• Project Schedule: Target completion window set within 300 days from agreement execution.

• Corporate Structure: Non-related party transaction executed at arm's length with Him Infratech Private Limited.

Frequently Asked Questions (FAQ)

What is the purpose of the agreement signed by Ind-Swift Laboratories?

Ind-Swift Laboratories entered into an MoU with Him Infratech Private Limited to build a centralized warehouse facility in Punjab to store raw materials, packaging materials, and finished pharmaceutical products.

Where will the new warehouse be located?

The facility will be constructed on approximately 4.5 acres of leasehold land in Village Jawaharpur, Tehsil Derabassi, Punjab, adjacent to the company's existing Global Business Unit.

How much will the project cost and how long will construction take?

The estimated contract cost is ₹400 million (₹40 crore), with construction slated for completion within 300 days.

Is Him Infratech Private Limited a related party to Ind-Swift Laboratories?

No, Ind-Swift Laboratories holds zero equity shareholding in Him Infratech, and the transaction does not fall under related party criteria under SEBI regulations.

Source: Official regulatory disclosures filed with BSE Limited and the National Stock Exchange of India Limited on July 28, 2026