Aarti Drugs Limited has taken another significant step towards global expansion by incorporating Pharma Go SpA, a step-down wholly-owned subsidiary under its arm, through its subsidiary Pinnacle Chile SpA. This strategic move aligns with the company's goal to enhance its international footprint in the pharmaceutical industry.

Incorporation Details

The newly incorporated entity, Pharma Go SpA, was officially registered on November 27, 2024, in Santiago, Chile. The company, which will focus on marketing formulation drugs and participating in both tender and private markets, aims to cater to the growing demand for high-quality pharmaceutical products in Chile.

Pinnacle Chile SpA, a 100% subsidiary of Aarti Drugs, will hold complete ownership of Pharma Go SpA. With an initial share capital contribution of 10,00,000 Chilean Pesos, representing 1,00,000 shares, Pharma Go SpA is set to commence its business operations soon.

Strategic Importance

The incorporation of Pharma Go SpA is a crucial development for Aarti Drugs as it represents a direct alignment with its main line of business. This venture is expected to strengthen Aarti Drugs' position in the global pharmaceutical market, particularly in Latin America. By tapping into the Chilean tender market and private sectors, the company aims to introduce its high-quality formulations, ensuring a robust market presence.

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Compliance and Regulatory Highlights

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory filing ensures transparency and provides stakeholders with insights into Aarti Drugs' strategic initiatives.

Notably:

• This step-down subsidiary is classified as a related party transaction, being wholly owned by Pinnacle Chile SpA.
• No governmental or regulatory approvals were required for this incorporation.
• The move involves a cash contribution for share capital without any share swap arrangements.

Future Prospects

Pharma Go SpA’s primary focus on the Chilean pharmaceutical market aligns with Aarti Drugs' expansion goals. By targeting tender opportunities and private market sectors, it has the potential to become a key revenue driver for the company.

This development also highlights Aarti Drugs' commitment to innovation and market adaptation, ensuring that its global ventures are strategically positioned for long-term growth.

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