Indoco Remedies to Incorporate Wholly Owned Subsidiary

Indoco Remedies Ltd announced that its Committee of Executive Directors has approved the incorporation of a wholly owned subsidiary, 'Warren Lifesciences Private Limited'. The new entity will operate in the pharmaceutical sector, focusing on manufacturing, development, and sales of pharmaceutical products including APIs and finished formulations. The incorporation is subject to regulatory approvals. The subsidiary will have an authorized and paid-up capital of ₹1,00,000, with Indoco Remedies holding 100% shareholding. This move aims to expand the company's business operations in the pharmaceutical domain.