Best Agrolife Ltd (BAL) has informed the exchange that the Board of Directors of the company has approved the the proposal to acquire Sudarshan Farm Chemicals India Pvt Ltd. (SFCL).

This strategic acquisition aims to leverage SFCL's significant R & D capabilities, IP portfolio and backward integrated technical manufacturing knowledge.

BAL proposes use SFCL's extensive expertise in development of cost competitive and unique manufacturing routes for off patent molecules

The proposed acquisition will give Best Agrolife access to the complete IP portfolio of SFCL and its R & D division, complementing Best Agrolife's R & D divisions at Gajraula and Noida. Best Agrolife intends to utilise this acquisition for its technical brown field and green field capacity enhancements.

As a part of the merger, BAL will gain access to all of SFCL's brands, including "Sutathion", "Suphos", "Suchlor" and "Sumidon". BAL intends to supplement its position in the central and south zones with the SFCL brands.

SFCL is an established name in field of agrochemicals and innovative process chemistries having an IP portfolio of 10 patents (applied).