SMS Pharmaceuticals Limited — Important, 01-11-2024: General Updates

SMS Pharmaceuticals Limited has announced the incorporation of its subsidiary, SMS Peptides Private Limited, approved by the Ministry of Corporate Affairs. The subsidiary is focused on manufacturing and research in the pharmaceuticals industry, particularly peptides, and will offer contract research organization services. SMS Pharmaceuticals holds a 93% equity stake in the new entity, with an initial share subscription of ₹93,000. The subsidiary is registered in Hyderabad and has not yet commenced operations.