Demerger

SMS Lifesciences India Limited (“the Company”) has demerged from SMS Pharmaceuticals Limited (demerged Company), pursuant to the Scheme of Arrangement as approved by the Hon’ble National Company Law Tribunal, Hyderabad Bench, vide Order No. C.P (CAA) No.7/230/232/HDB/2017 dated May 15, 2017.

Key Points :

➜➜ The semi-regulated units of Demerged Company transferred to the Company with effect from the appointed date i.e., April 01, 2016.
➜➜ 1 (one) Equity Share of ₹10/- each (fully paid-up) of the Company has been issued and allotted for every 28 (twenty eight) Equity Shares of Re.1/- each (fully paid-up) held by the shareholders in Demerged Company.

Timelines :

Date Title
May 15, 2017
June 12, 2017
August 1, 2017
August 10, 2017
August 17, 2017