
Merger26 Oct 2026, 03:25 pm
Mankind Pharma Board Approves Amalgamation of Subsidiaries
AI Summary
Mankind Pharma Limited's Board of Directors has approved a scheme of arrangement for the amalgamation of its wholly-owned subsidiaries, Prolijune Lifesciences Private Limited and Pavi Buildwell Private Limited, into the parent company. The appointed date for this amalgamation is April 01, 2027. The board also noted a separate scheme of arrangement for the amalgamation of Upakarma Ayurveda Private Limited with Mankind Consumer Products Private Limited. Additionally, the board approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, along with the limited review reports from joint statutory auditors.
Key Highlights
- Mankind Pharma to amalgamate two wholly-owned subsidiaries.
- Amalgamation effective from April 01, 2027.
- Board approved Q2 FY27 financial results.
- Scheme of arrangement for another subsidiary also noted.
Price Impact
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