Parenteral Drugs India has informed that the Board of Directors of the Company at its meeting held on December 30, 2015, has considered and approved the disinvestment of equity shares held by the Company in its non-operational Subsidiary Companies i.e. Parentech Healthcare and Parenteral Surgicals as the same are loss making companies, and accorded its in-principle approval to declare the non-working Subsidiaries of the company i.e. Abhay Drugs Limited, Anjaney Pharmaceuticals Limited, Parenteral Biotech and Parenteral Impex as Defunct Company as there is no business in these Subsidiary companies and other items as per agenda of the meeting.
The above information is a part of company’s filings submitted to BSE.
