SMS Pharmaceuticals informs about outcome of board meeting

SMS Pharmaceuticals has informed that the Board of Directors of the Company at its meeting held on March 30, 2016, has considered the Report of the Independent Committee and approved in principle to initiate the process of Demerger of the Company based on its Regulatory and Non- Regulatory Units; and the Board has approved the proposal of giving Corporate Guarantee to its associate companies for a sum not exceeding Rs 20 Crore.

The above information is a part of company’s filings submitted to BSE.