Dr. Lal PathLabs Limited has announced that its Board of Directors approved the acquisition of an immovable property in New Delhi on September 23, 2025, via a circular resolution. The acquisition is subject to the necessary approvals and permissions from the relevant authorities.
The property being acquired includes four units on the first and second floors, a shop on the ground floor, basement space, and designated parking at Plot No. Site-II, District Centre, Shalimar Palace, Shalimar Bagh, New Delhi. The consolidated consideration for the acquisition is up to ₹74.51 crore, excluding stamp duty, registration fees, brokerage, and other incidental expenses.
The agreement involves Dr. Lal PathLabs, The South Indian Bank Limited, the builder Aggarwal Towers Private Limited, and other parties. Notably, this transaction is not a related-party deal, and no special rights or shareholding arrangements are involved.
