Ministry of Corporate Affairs approves incorporation of Quick Med: Morepen Labs
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Haryana: Morepen Labs has announced that the Ministry of Corporate Affairs has approved the incorporation of 'QUICK MED PRIVATE LIMITED'.
Quick Med Private Limited is a subsidiary of Dr Morepen Limited and a step-down subsidiary of the Company.
The 80% shares in Quick Med are held by Dr Morepen Limited and 12% shares by an entity in which members of promoter group of the company have substantial interest. Consequent upon incorporation, the Quick Med will became the related party of the Company. The shares are being subscribed, issued and allotted at arm’s length basis.
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