Span Divergent Ltd

Span Divergent Ltd

Span Divergent Limited (Formerly known Span Diagnostics Limited) was incorporated on 31st March 1980 as Private Limited Company and converted into a Public Limited Company on 14th August 1993. Promoted by Dr. P. K. Desai the Company is manufacturing a wide range of microbiological immunological and bio-chemical diagnostic reagents plastic accessories and allied products in its plant at Udhna.The Company completed expansion-cum-modernisation and mechanisation of packing activities at Udhna. Acquiring three plots of land at GIDC Sachin admeasuring 33897 sq. mtrs. which is situated near the State Highway and National Highway No.8.This project was finance by way of internal accruals of Rs.31.62 lakhs and balance from Term Loans of Rs.30 lakhs.The Company entered into the technical arrangement with Bioprobe Netherland Path U.S.A. Dynajen U.S.A. for manufacturing HIV Dipsticks Myco-dot Monoclonal anitbodies.Company launched several new products developed by its R & D Center such as One Step Lateral Chromotography Based Assay for monitoring of pregnancy and Hepatitis to be marketed under the brand name of CRYSTAL as well as HIV Flow Through. The continuation distributorship arrangements with Murex Biotech UK Ltd which is now subsidiary of Abbott Diagnostics USA will also generate substantial business from the nitche market of the Blood Bank Segment.During the year 2007-08 the Company renovated its production and administrative facilities. It acquired technology from France for production of Monoclonal Antibodies. A joint venture company in the name of Span Diagnostics SARL was formed in Nov'05 in the city of Compiegne France. A joint venture company between Nihon Kohden Corporation Japan and Span Diagnostics Ltd. India started its operation from December 2008 and started manufacturing high quality reagents for Hematology Analysers for distribution and sale in India under license agreement with Nihon Kohden Corporation Japan. The Company formed joint venture Company during year 2011-12 with Reindus Health (Pty) Limited. During the year 2013 -14 Span Biotherapeutics Pvt. Ltd. subsidiary Company ceased to be a subsidiary Company with effect from May 27 2013.In 2014-15 the Company transferred its 95.24% stake held in subsidiary Span Biotronics Private Limited to M/s. Arkray Helathcare Private Limited and ceased to be a subsidiary Company with effect from March 05 2015. The Company acquired 540 Equity Shares of Rand 1 Each from its existing shareholders of the Company. Upon acquisition of 540 Equity Shares of Span Diagnostics South Africa (Pty) Limited it became wholly owned overseas subsidiary Company.During FY 2015-16 Company sold its investment in Span Nihon Kohden Diagnostics Private Limited which resulted into exceptional income. Subsequent to sale of investment held in Span Nihon Kohden Diagnostics Private Limited Company's joint venture with the said Company came to an end. Similarly the Company had sold its In-Vitro Diagnostics (IVD) Business to Japanese affiliated Company M/S. Arkray Healthcare Private Limited through Slump Sale effective from March 05 2015 and invested in different businesses through various subsidiaries. During year 2015-16 Company had incorporated new LLPs as under to carry out new businesses in FAB and HCLS verticals in respective entities comprising of Dryfruit Factory LLP; Span Diagnostics Products LLP; Biospan Scientific LLP and Aranya Agri Biotech LLP. M/s. BioSpan Contamination Control Solutions Private Limited became joint venture subsidiary Company effective on September 18 2017.