Dr. Lal PathLabs has announced that its Board of Directors approved the acquisition of immovable property located in New Delhi on September 23, 2025. The acquisition is subject to necessary approvals, consents, and permissions from relevant authorities, but will expand the company’s footprint in a key market.
Property Acquisition Approved
The Board of Directors of Dr. Lal PathLabs approved a proposal for the acquisition of immovable property located in New Delhi during a meeting held on September 23, 2025. This strategic move aims to support the company’s expansion and operational capabilities in the region.
Acquisition Details
The company will acquire units i.e., 101, 102 at first floor and 201 & 202 at second floor, a Shop situated at ground floor along with right to use of space in basement and designated parking area, situated at Plot No. Site-II, District Centre, Shalimar Palace, Shalimar Bagh, New Delhi-110088.
Agreement Specifics
The agreements shall be entered by and between the Company, The South Indian Bank Limited, (the Mortgagee/ Lender) and other the Mortgagors/ Borrowers viz. Alternative Learning Systems Limited, Mr. Manoj Kumar Singh, Mr. Jojo Thayil Mathew, Mrs. Renju Jojo Mathews, Mr. Shashank Atom, Mrs. Preeti Sharma, and the Builder viz. Aggarwal Towers Private Limited
Financial Implications
The consolidated consideration amount for this acquisition is expected to be up to INR 74.51 Crores, excluding stamp duty, registration fees, brokerage/commission, and other incidental expenses.
Source: BSE
