Board of Shilpa Medicare approves transfer of API biz to a new subsidiary

At meeting held on 12 July 2021

The Board of Shilpa Medicare at its meeting held on 12 July 2021 has approved the transfer of API Business of the Company consisting of Unit-1 and Unit-2 situated at Raichur, Karnataka by way of slump sale to a wholly Owned Subsidiary of the Company (to be incorporated) subject to the approval of Shareholders.

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