Date: 17th July, 2026
Disinvestment / Strategic Actions
Torrent Pharmaceuticals Limited has dissolved its wholly owned subsidiary Curatio Inc., Philippines, with effect from 10-Jul-26. The company received communication of the dissolution on 17-Jul-26 from the Philippines.
The dissolution was executed through voluntary shortening of the term of existence via an amendment to the Articles of Incorporation (not via sale agreement).
Financial impact of the dissolved subsidiary as on 31-Mar-26:
- Turnover for FY 2025-26: Nil (0% of company total)
- Net worth for FY 2025-26: Rs 1.3 Crores (0.02% of company total)
No consideration was received from the dissolution as the entity was dissolved rather than sold.
The transaction does not qualify as a related party transaction and was not executed under any Scheme of Arrangement.