This specialty chemicals company incorporates new subsidiary - Check details

Specialty chemicals company Sudarshan Pharma Industries has announced the incorporation of a new subsidiary, Sudarshan Maven Pharma Private Limited (Sudarshan Maven). 

"We would like to inform you that "SUDARSHAN MAVEN PHARMA PRIVATE LIMITED" is incorporated as a subsidiary of the Company and the Registrar of Companies has issued certificate of incorporation dated 27th August, 2024. The Company has subscribed to 7,000 equity shares of Rs.10/- each aggregating to 70.00% of the subscribed capital of SUDARSHAN MAVEN PHARMA PRIVATE LIMITED," the company said in an exchange filing.

The company has subscribed to 70 per cent of the subscribed capital of Sudarshan Maven, amounting to 70,000 equity shares of Rs10 each. 

Sudarshan Maven is a newly incorporated company with an authorized equity share capital of Rs 25,00,000 divided into 2,50,000 shares of Rs 10 each. As it is a newly formed entity, its turnover is not applicable at present.

Sudarshan Maven is primarily engaged in the manufacturing, formulation, processing, and development of various pharmaceutical products, including APIs, intermediates, antibiotics, drugs, medicines, and nutraceuticals. It also deals in healthcare products, Ayurvedic and dietary supplements, medicinal preparations, vaccines, chemicals, and surgical items.