APAlembic Pharmaceuticals533573Subsidiary or JV

Step-down wholly owned subsidiary Alvesta Pharmaceuticals FZCO incorporated in Dubai, UAE

Alembic Global Holding SA, a WOS of the Company, has incorporated Alvesta Pharmaceuticals FZCO in Dubai, UAE.

By ScoutQuest · Mon 19 Oct 2026, 7:20 PM IST · 1 min read

Subscription Consideration

AED 100,000 for 100 shares of AED 1,000 each

Control / Ownership

100% control via AGH

Incorporation Date

1st September, 2026

What was announced

• Alembic Global Holding SA, a wholly owned subsidiary of the Company, has incorporated its own wholly owned subsidiary named Alvesta Pharmaceuticals FZCO in Dubai, United Arab Emirates.
• Date of incorporation is 1st September, 2026; the Company received intimation of it on 19th October, 2026.
• Alvesta Pharmaceuticals FZCO is therefore a step-down wholly owned subsidiary of the Company.

Why the entity was set up

• The line of business stated is pharmaceuticals.
• Its stated purpose is to explore new business opportunities and to promote, sale and distribute pharmaceutical product(s) of the Company.

Ownership and cost

• Nature of consideration: cash consideration.
• Cost of subscription: AED 100,000 (Arab Emirates Dirham One Lakh Only).
• 100 shares of AED 1,000 each are subscribed by AGH.
• Percentage of control is 100% through AGH.

Other details in the disclosure

• Against governmental or regulatory approvals required for the incorporation, the update records Not Applicable.
• The holding company is Alembic Global Holding SA (AGH), itself a wholly owned subsidiary of the Company; the relation to the listed entity is step-down wholly owned subsidiary.

How to read this

• This is a structure update about a new overseas step-down subsidiary, with the entire holding routed through AGH.
• The stated role is distribution, promotion and exploring business opportunities for the Company's pharmaceutical products, with the UAE as the country of incorporation.
• The subscription amount stated is AED 100,000, paid in cash as per the update.

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