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Outcome of Board Meeting

| Updated on December 30, 2015 Published on December 30, 2015

Parenteral Drugs India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 30, 2015, inter-alia, considered and approved the disinvestment of equity shares held by the Company in its non-operational Subsidiary Companies i.e. Parentech Healthcare Limited and Parenteral Surgicals Limited as the same are loss making companies, and accorded its in-principle approval to declare the non-working Subsidiaries of the company i.e. Abhay Drugs Limited, Anjaney Pharmaceuticals Limited, Parenteral Biotech Limited and Parenteral Impex Limited as Defunct Company as there is no business in these Subsidiary companies and other items as per agenda of the meeting.

Source : BSE - >www.bseindia.com

Published on December 30, 2015
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