StockWatch
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Pharmaceuticals
Subsidiary8 Oct 2026, 05:30 pm

Astonea Labs Incorporates Subsidiary Longevity Science Pvt Ltd

AI Summary

Astonea Labs Limited has announced the incorporation of its proposed subsidiary, Longevity Science Private Limited, on October 8, 2026. This follows a board approval on September 9, 2026. The new entity, registered with CIN U21001HR2026PTC151534, will operate in the pharmaceuticals, healthcare, and nutraceuticals sectors. Astonea Labs proposes to subscribe to 51% of Longevity Science's initial paid-up equity share capital, subject to requisite formalities and approvals. Upon completion, Longevity Science will become a subsidiary of Astonea Labs. The transaction is intended to be conducted on an arm's length basis, with no direct interest from the promoter/promoter group in the new entity beyond their shareholding in Astonea Labs.

Key Highlights

  • Astonea Labs Ltd has incorporated a new subsidiary, Longevity Science Private Limited.
  • The subsidiary will operate in pharmaceuticals, healthcare, and nutraceuticals.
  • Astonea Labs plans to hold a 51% stake in the new entity.
  • The incorporation is a step towards expanding Astonea Labs' business operations.
  • The transaction is being conducted on an arm's length basis.