FREDUN : ACQUIRES 26% STAKE IN GOODMAN VETCARE AT RS 300 CR VALUATION

• Acquires 26% stake in Goodman Vetcare, a dedicated pet pharmacy chain, at a valuation of ₹300 crore • Goodman runs three stores across Mumbai and Navi Mumbai; plans at least eight more stores across three cities with ~₹100 crore revenue opportunity by FY31 • Acquires Furlicks oral-strip pet-wellness brand from USV and its subsidiary Wellbeing Nutrition; to expand portfolio from 6 SKUs to 22 SKUs in 6-9 months • ~40,000 sq ft utility block at Palghar expected operational in October 2026, with additional 50,000 sq ft planned • Targets transition to a 100% branded portfolio by 2029 and doubling of revenue and profitability over 3-4 years • Domestic generics via Fredun Gx targeting 500+ SKUs across Tier 2-4 cities; existing 53-country export base

Fredun Pharmaceuticals Ltd

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