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Wockhardt tumbles as UK regulator withdraws GMP Certificate of its Nani Daman manufacturing facility

Wockhardt Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 532300 | NSE: WOCKPHARMA

22 Oct 2013 Evaluate

Wockhardt is currently trading at Rs. 468.00, down by 10.75 points or 2.25% from its previous closing of Rs. 478.75 on the BSE.

The scrip opened at Rs. 480.00 and has touched a high and low of Rs. 485.50 and Rs. 458.70 respectively. So far 257419 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2166.05 on 12-Mar-2013 and a 52 week low of Rs. 344.15 on 08-Aug-2013.

Last one week high and low of the scrip stood at Rs. 498.05 and Rs. 458.70 respectively. The current market cap of the company is Rs. 5120.44 crore.

The promoters holding in the company stood at 73.88% while Institutions and Non-Institutions held 10.73% and 15.25% respectively.

Wockhardt has received a communication from the Medicines and Healthcare Products Regulatory Agency, United Kingdom (UKMHRA), whereby the agency has decided to withdraw the previously issued GMP Certificate to the Company’s manufacturing facility situated at Survey No. 106/4-5-7, Kadaiya, Nani Daman and will be issuing a restricted GMP Certificate to the site along with a statement of noncompliance for the said site.

In order to avoid market shortage of medically essential products, the GMP certificate will be conditioned to permit continued manufacturing and QC testing of 'critical' products in situations where it has been agreed by the national competent authority or EMA (as appropriate) that there is no feasible alternative in the market concerned. The scope of the statement of non-compliance is therefore limited to medicinal products considered noncritical to public health. Accordingly, the Company shall be able to manufacture and supply from the said facility certain medicinal products critical to public health.

The impact of the same on existing business will only be known once the Company receives further communication from UKMHRA. The Company doesn't manufacture any products for the US market at the said manufacturing facility.

Wockhardt Share Price

1396.80 37.70 (2.77%)

17-Apr-2026 16:59 View Price Chart

Peers

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Sun Pharma Inds.	1675.20
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Wockhardt tumbles as UK regulator withdraws GMP Certificate of its Nani Daman manufacturing facility

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