Subsidiary17 Jul 2026, 10:50 pm
Torrent Pharma Dissolves Philippines Subsidiary Curatio Inc.
AI Summary
Torrent Pharmaceuticals Ltd. has announced the voluntary dissolution of its wholly-owned subsidiary, Curatio Inc., domiciled in the Philippines. The dissolution was effective from July 10, 2026, with the company receiving official communication on July 17, 2026. The subsidiary contributed nil to the company's turnover for FY 2025-26 and had a net worth of ₹1.3 Crores, representing 0.02% of the parent company's net worth. The dissolution was achieved by shortening the term of existence via an amendment in the Articles of Incorporation, and therefore, sale-related disclosures like consideration or buyer details are not applicable.
Key Highlights
- Torrent Pharma's Philippines subsidiary, Curatio Inc., has been voluntarily dissolved.
- Dissolution effective July 10, 2026; communication received July 17, 2026.
- Subsidiary contributed nil to FY26 turnover and ₹1.3 Cr net worth (0.02%).
- Dissolution by shortening term of existence, not a sale.
- No financial consideration or buyer details applicable.
Price Impact
More from TORNTPHARM