Subsidiary Rivadu Lifesciences signs exclusive India sale/purchase agreement with Korea's CAREGEN for "Korglutide"
Subsidiary Rivadu Lifesciences Pvt Ltd has entered an exclusive Sale/Purchase Agreement for India with CAREGEN Co., Ltd., Korea, dated 28 September 2026.
- Agreement Date
- 28 September 2026
- Partner
- CAREGEN Co., Ltd., Korea
- Product Brand
- Korglutide
- Product Category
- health functional food finished products
- Territory
- India (exclusive partnership)
What was announced
Platinum Industries Limited informed the exchanges that its subsidiary, Rivadu Lifesciences Private Limited, has entered into an exclusive Sale/Purchase Agreement for India with CAREGEN Co., Ltd., Korea, on 28 September 2026.
The agreement relates to CAREGEN's health functional food finished products marketed under the brand name Korglutide.
Significant terms disclosed
- Exclusive partnership for the Indian territory.
- Prospects for establishing manufacturing in India.
Other details
- Platinum Industries holds no shareholding in CAREGEN.
- CAREGEN is not related to the promoter, promoter group or group companies.
- The transaction does not fall within related party transactions.
- No issuance of shares and no board nominee arrangements are involved.
How to read this
This is a commercial tie-up at the subsidiary level that gives the group exclusive rights to sell a Korean partner's health functional food products in India, with the possibility of local manufacturing later. It signals a step into a product line outside the company's traditional chemicals base. Investors may watch for future updates on volumes, revenue contribution and any manufacturing plans, since the agreement's financial terms and expected business size are not quantified here.
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