Morepen Laboratories Limited — Others, 10-02-2025: Shareholders meeting

Morepen Laboratories Limited conducted an Extra-Ordinary General Meeting (EGM) via video conferencing, where a special resolution was passed to hive-off its Medical Devices Business into a subsidiary called Morepen Medtech Limited on a slump sale basis. Out of the valid votes, approximately 86.40% were in favor of the resolution, indicating strong shareholder support. This strategic move may enhance operational focus and optimize resource allocation within the company, potentially positioning it better for future growth in the medical devices sector. Overall, this transition could foster a positive outlook among investors.