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

Morepen Laboratories Limited held an Extra-Ordinary General Meeting (EGM) to discuss the hive-off of its Medical Devices Business into a subsidiary, Morepen Medtech Limited, on a slump sale basis. The meeting, chaired by Mr. Sushil Suri, was conducted via video conferencing, allowing shareholders to participate and vote electronically. With the necessary quorum present and following a robust discussion, members addressed various queries before moving to vote. The e-voting results will be communicated within two days. This strategic move may enhance operational focus and streamline the company’s business units, potentially generating a positive outlook for investors.