Morepen Laboratories Limited — Others, 17-01-2025: Shareholders meeting

Morepen Laboratories Limited has announced a board meeting on February 10, 2025, to discuss the hive-off of its Medical Devices Business into a newly formed subsidiary, Morepen Medtech Limited, on a slump sale basis for INR 18,111.79 crore. This strategic move aims to enhance operational independence and drive growth by allowing focused management of the fast-growing unit. The transaction is expected to conclude by September 30, 2025, pending necessary approvals. Investors may view this development positively, as it aligns with the company’s long-term growth strategy while maintaining its core operations intact.