Hot Pursuit     16-Feb-23
Shilpa Medicare spurts as Bengaluru facility registers with Ministry of Health, UAE
Shilpa Medicare jumped 7.17% to Rs 255 after the company said that its Bengaluru facility has been registered with Ministry of Health, United Arab Emirates for manufacture and testing of Orodispersible films and Transdermal systems.

This registration enables company to register the products (Orodispersible films and Transdermal systems) in UAE for commercialization.

The Bengaluru facility is backed up with strong research and development of Orodispersible films and transdermal technologies. The good manufacturing practice (GMP) facility is equipped with machinery for the needs of Global commercial requirements. The facility has already been issued GMP by UK Medicines and Healthcare products Regulatory Agency (MHRA).

The facility also manufactures dietary supplements in orodispersible films and was registered with the United States Food and Drug Administration (USFDA) Food Facility registry. The facility is actively exporting dietary supplements to US Market.

Shilpa Medicare is a global brand in manufacturing and supplying of affordable API and formulation globally in different regulated markets.

The company reported a consolidated net loss of 6.62 crore in Q3 FY23 as against a net profit of Rs 9.57 crore posted in Q3 FY22. Net sales declined 3.6% year on year to Rs 262.50 crore during the qurter.

Previous News
  Shilpa Medicare announces board meeting date
 ( Corporate News - 02-Feb-24   14:39 )
  Shilpa Medicare board OKs rights issue upto Rs 325 cr
 ( Hot Pursuit - 23-Jun-23   15:33 )
  Shilpa Medicare consolidated net profit declines 77.35% in the March 2021 quarter
 ( Results - Announcements 31-May-21   16:08 )
  Board of Shilpa Medicare approves rights issue of Rs 325 cr
 ( Corporate News - 23-Jun-23   14:41 )
  Shilpa Medicare standalone net profit declines 54.08% in the March 2021 quarter
 ( Results - Announcements 31-May-21   16:04 )
  Shilpa Medicare spurts as Bengaluru facility registers with Ministry of Health, UAE
 ( Hot Pursuit - 16-Feb-23   15:17 )
  Volumes jump at Shilpa Medicare Ltd counter
 ( Hot Pursuit - 25-Feb-21   11:00 )
  Shilpa Medicare gains after TGA Australia clears GMP inspection of Telangana facility
 ( Hot Pursuit - 17-Oct-23   15:33 )
  Shilpa Medicare receives EIR report for facility in Jadcherla in Telangana
 ( Corporate News - 07-Oct-17   16:16 )
  Shilpa Medicare reports consolidated net profit of Rs 1.61 crore in the September 2023 quarter
 ( Results - Announcements 11-Nov-23   07:41 )
  Shilpa Medicare gets TGA Australia nod to manufacture oral mouth dissolving films
 ( Hot Pursuit - 13-Dec-23   10:56 )
Other Stories
  RVNL gains on emerging as L-1 bidder for Rs 133-cr railway project
  03-Jul-24   15:38
  Cholamandalam Financial Holdings Ltd leads losers in 'A' group
  03-Jul-24   15:00
  Sakuma Exports Ltd leads losers in 'B' group
  03-Jul-24   14:45
  NTPC power generation climbs 9.5% YoY in Q1
  03-Jul-24   14:41
  Volumes soar at MMTC Ltd counter
  03-Jul-24   14:30
  Oil and Gas shares fall
  03-Jul-24   14:00
  Real Estate stocks edge lower
  03-Jul-24   14:00
  Energy stocks edge lower
  03-Jul-24   14:00
  Sundaram-Clayton gains after board OKs to raise funds upto Rs 400 cr
  03-Jul-24   13:38
  JSW Infra's subsidiary concession agreement V.O. Chidambaranar Port Authority
  03-Jul-24   13:34
Back Top