Morepen Laboratories Limited — Important, 08-01-2025: General Updates

The Ministry of Corporate Affairs has issued the Certificate of Incorporation for Morepen Medtech Limited, a subsidiary of Morepen Laboratories. The newly incorporated subsidiary has an authorized and paid-up capital of ₹10,00,000, split into 1,00,000 equity shares of ₹10 each. Morepen Laboratories holds 80% of the equity, while the remaining 20% is held by members of the promoter group.

The subsidiary will operate in the medical devices sector, aiming to enhance business operations and align with strategic goals. The company has invested ₹8,00,000 in the subsidiary by subscribing to 80,000 shares. This move is expected to boost Morepen's capabilities in a growing industry, presenting potential growth opportunities for shareholders.