Aurobindo Pharma Limited has disclosed that its Board of Directors, along with the boards of the respective subsidiary companies, have approved a proposal to file a Scheme of Amalgamation with the Hon'ble National Company Law Tribunal (NCLT), Hyderabad. The scheme involves the merger of two step-down wholly owned subsidiaries - Eugia Steriles Private Limited and Eugia SEZ Private Limited - with Eugia Pharma Specialities Limited, which is a wholly owned subsidiary of Aurobindo Pharma Limited.

The Board meeting where this approval was granted commenced at 4:00 p.m. and concluded at 6:30 p.m. on August 5, 2026.

Financial Details of Entities Involved

All three companies are engaged in the business of manufacturing injectable pharmaceutical products. Their turnover for the financial year ended March 31, 2026 is as follows:

  • Eugia Pharma Specialities Limited: INR 27,259.04 million
  • Eugia Steriles Private Limited: INR 62.7 million
  • Eugia SEZ Private Limited: INR 4,874.2 million

Transaction Structure and Regulatory Compliance

The transaction involves the merger of two step-down subsidiaries with their wholly owned subsidiary. Since the transaction is among wholly owned subsidiaries and their holding company, it does not fall within the purview of related party transaction provisions under Section 188 of the Companies Act, 2013 and Regulation 23(5)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

No consideration is involved in the merger as it is between wholly owned subsidiaries and their holding company.

Rationale for Merger

The proposed amalgamation aims to simplify the existing group structure by consolidating three companies carrying on substantially similar businesses into a single legal entity. The benefits expected include:

  • Elimination of corporate and administrative functions and overheads
  • Cost reduction
  • Better treasury management
  • Synergy benefits

Corporate Details

Eugia Steriles Private Limited was incorporated in India on July 5, 2020.

Eugia SEZ Private Limited was incorporated in India on February 20, 2021.