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Kiran, my first question is on the dedicated capex that we had announced in 2024. When should we expect commissioning of that capacity and probably inspections or whatever regulatory approvals are required? When would that time line be? Would it be in the next 6 months? Or could it take slightly longer?
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Okay. This is for all 3 dedicated capex or the first one that you're mentioning?
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All right. That is helpful. And my second comment, Nilima, in your opening comments, you mentioned about China's withdrawal of export rebates putting pressure on certain generic APIs. Could you provide us some color in terms of what we are seeing here? Wha t percentage of our portfolio is getting impacted because of these rebates being moved? I mean, pricing pressure because of these rebates being removed?
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Analyst questions
Neha Manpuria
BofA Securities
1Call
1Company
DIVISLAB
All company callsDivi's Laboratories Limited
Divi's Laboratories Limited CC-Feb26.pdf
11 Feb 2026