"JHS Svendgaard Acquires Land in J&K for Expansion, Shares Plunge"

JHS Svendgaard Laboratories Limited has successfully acquired and registered land in Jammu and Kashmir, a key milestone in its expansion plans. The company announced today that it has purchased 18 Kanal 06 Marla of land in Hiranagar, Kathua, J&K.

This acquisition follows JHS Svendgaard's announcement on June 21 regarding its intent to establish a new project in the Union Territory. The expansion is designed to explore new markets, utilize local resources, and benefit from the fiscal incentives provided by the J&K government.

The company anticipates that this strategic initiative will improve operational efficiency, broaden its market reach, and enable economies of scale, ultimately contributing to its long-term financial success.

This move is in line with JHS Svendgaard’s growth strategy, which emphasizes diversification and geographical expansion. The company has committed to obtaining the necessary regulatory approvals and ensuring compliance with all relevant laws as it progresses with the project.

HBL