Shares of Best Agrolife surge on subsidiary’s license for powerful new insecticide

Seedlings India Private Limited, a wholly-owned subsidiary of Best Agrolife Limited, has secured a significant win with the Central Insecticides Board & Registration Committee (CIB&RC). The regulatory body has granted Seedlings a license for the indigenous manufacture of a powerful new insecticide formulation.

This new product, a combination of three active ingredients – Chlorantraniliprole 4.5%, Novaluron 11.5%, and Emamectin Benzoate 1.5% SE – promises exceptional control over a wide range of pests. The targeted insects include lepidopteran pests, notorious for damaging shoots and fruits, as well as Coleoptera and Diptera pests. This comprehensive pest control solution positions Seedlings India as a key player in the agricultural protection market.

The new insecticide will be marketed under the brand name Namagen. This signifies Best Agrolife’s commitment to providing innovative solutions to Indian farmers. The company hasn’t revealed the launch date yet, but Namagen’s arrival is highly anticipated due to the powerful blend of active ingredients.

This license for indigenous manufacturing is a strategic move for Best Agrolife. It allows them to produce Namagen domestically, potentially leading to cost-efficiency and greater control over the supply chain. Additionally, it strengthens Best Agrolife’s position in the Indian agricultural sector, showcasing their dedication to developing effective and accessible crop protection solutions for the country’s farmers.

Share Price Movement

Best Agrolife is currently trading at Rs 625.95, which is 2.35% or Rs 14.35 higher than its previous closing price of Rs 611.60. This is the stock’s opening price for today, and so far, it hasn’t budged from that point. It’s important to consider this price in the context of its 52-week range of Rs 453.75 – Rs 1,374.00. The upper price band for the stock is set at Rs 733.90, and the lower band sits at Rs 489.30.

About Company

Best Agrolife Limited, formerly known as Sahyog Multibase , is a public limited company in India that specializes in the agrochemical industry. Established in 1992, the company aims to provide high-quality, innovative, and effective crop-protection and food safety solutions to farmers and the global agriculture sector. Best Agrolife Limited offers a wide range of products, including technicals, intermediates, and novel formulations in insecticides, herbicides, fungicides, plant-growth regulators, and public health products. The company’s products are well-researched, economically priced, and easily accessible in many countries across the globe and Pan-India. The company’s registered office is located in New Delhi. The company’s products are well-researched and easily accessible in many countries across the globe.

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