Subsidiary18 May 2026, 10:51 pm
Syngene: Voluntary Liquidation of SMSL Approved
AI Summary
Syngene International Ltd's board approved the voluntary liquidation of its wholly-owned subsidiary, Syngene Manufacturing Solutions Limited (SMSL), as per the Insolvency and Bankruptcy Code, 2016. SMSL, a non-material subsidiary with no business operations, will be liquidated as a solvent company, pending necessary approvals. The liquidation is not expected to affect Syngene's consolidated financials. SMSL's turnover was Nil, and its net worth was ₹93.97 Lakh as of March 31, 2026.
Key Highlights
- Syngene board approves voluntary liquidation of Syngene Manufacturing Solutions Limited (SMSL).
- SMSL is a wholly-owned, non-material subsidiary with no business operations.
- Liquidation is subject to approvals and will not materially impact Syngene's financials.
- SMSL's net worth was ₹93.97 Lakh as of March 31, 2026.
- The liquidation process will follow the Insolvency and Bankruptcy Code, 2016.
Price Impact
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