Incorporates Wholly Owned Foreign Subsidiary in Mexico
Granules India has incorporated a wholly owned foreign subsidiary, TRITON FARMACEUTICA, S.A. de C.V., in Mexico.
By ScoutQuest · · 1 min read
- Subsidiary Incorporated
- TRITON FARMACEUTICA, S.A. de C.V., in Mexico
- Authorised Shares
- 4.5 lakh shares of MXN 10.00 each
- Ownership
- holding 100%
Granules India has set up a new company in Mexico to make and sell medicines in that country. The intimation is about the incorporation of that company, not about buying an existing business.
What was incorporated
- Name: TRITON FARMACEUTICA, S.A. de C.V., a wholly owned foreign subsidiary in Mexico.
- Date of incorporation: 22 October 2026.
- Purpose: to manufacture, promote, sell and distribute pharmaceuticals and other related products in Mexico.
- Industry: pharmaceuticals.
Ownership and capital
- The company holds 100% of the new entity.
- Authorised shares: 4.5 lakh shares of MXN 10.00 each.
- The entity is newly incorporated and has not started its business; it has no turnover history yet.
Related party position
- Upon incorporation, the new entity became a related party of the company.
- The Promoter and Promoter Group have no interest in the entity that was incorporated.
Other details given in the annexure
- No governmental or regulatory approvals are required for the incorporation.
- Nature of consideration, cost of acquisition, price at which shares are acquired and indicative time period for completion are marked as not applicable.
What this tells an investor
- This is a step to build a direct presence in the Mexican pharmaceutical market through a subsidiary the company fully owns.
- At this stage the subsidiary has no business operations, so there is no revenue or profit contribution to read from this update.
- It adds one more entity to the group and makes that entity a related party, which is relevant for how future transactions with it would be classified.
Also from Granules India
Granules India Ltd-$: promoter acquires ~2.5 crore warrants
24 Oct 2026
Granules India Ltd-$ promoter buys 9.16% stake, holding rises to 37.39%
24 Oct 2026
Granules India Ltd-$ promoter sells 6.94% stake, holding falls to 31.08%
24 Oct 2026
More numbers
- Authorised shares of the new subsidiary4,50,000 Shares
- Face value per authorised shareMXN 10.00 each
- Shareholding/control held by the company100%
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