Marksans Pharma Ltd

Marksans Pharma Ltd

Marksans Pharma Limited is a public limited company incorporated in the year April 16th 1982. The Company is primarily engaged in the business of research manufacture marketing and sale of pharmaceutical formulation. The Company's research and development facilities are located in Verna Goa and R & D center in Navi Mumbai.The Company on 30th March 2015 issued and allotted 24006494 equity shares of Rs1/- each to qualified institutional buyers under QIP for cash at Rs54.67 (including premium) per Equity Share. In accordance to terms of issue the Directors in their meeting held on 7th February 2015 decided to redeem entire 1350000 7% Redeemable Cumulative Preference Shares of face value Rs100/- per share at par out of profits in tranches before due date of redemption i.e 27th March 2018. Accordingly on 7th February 2015 the Directors redeemed 100000 preference shares at par.The Company issued 50000 Bonds of USD 1000 each in principal value during the financial year 2015. As on date of report the Company bought back and extinguished 49939 Bonds. Of which only 61 Bonds of USD 1000 each in principal value (out of total 50000 Bonds issued) remained outstanding as the same are not traceable During the year 2017 the Company redeemed 150000 preference shares of Rs100/-each at par. Accordingly issued subscribed and paid-up preference share capital reduced from 1250000 preference shares of Rs100/- each to 1100000 preference shares of Rs100/- each with effect from 31st March 2017.