Incorporation of wholly owned foreign subsidiary Triton Farmaceutica do Brasil Ltda in Brazil

Granules India has incorporated a wholly owned foreign subsidiary, Triton Farmaceutica do Brasil Ltda, in Brazil.

Fri 2 Oct 2026

Subsidiary Name

Triton Farmaceutica do Brasil Ltda

Country

Brazil

Subsidiary Status

wholly owned foreign subsidiary; has not started business

Purpose

manufacture, promote, sale and distribute pharmaceuticals there

Promoter Interest

Promoter and Promoter Group hold no interest in it

Granules India has informed the stock exchanges that it has incorporated a wholly owned foreign subsidiary in Brazil.

The entity that was incorporated

• Name: TRITON FARMACEUTICA DO BRASIL LTDA
• Country: Brazil
• Status: newly incorporated, and it has not started its business
• Industry: Pharmaceuticals
• Purpose: to manufacture, promote, sale and distribute pharmaceuticals and other related product(s) in Brazil

Ownership and related party position

• The entity is a wholly owned subsidiary of the company
• Upon incorporation, it became a related party of the company
• The Promoter and Promoter Group of the company do not have any interest in the entity incorporated

Approval needed

• Prior approval of the Reserve Bank of India (RBI) under the automatic route

Other points listed in the disclosure

• The company has stated Not Applicable against the indicative time period for completion of the acquisition, the nature of consideration, and the cost of acquisition or the price at which shares are acquired

What this means for a retail investor

• A wholly owned subsidiary means the Brazil entity is fully owned by the company, with no outside partner sharing ownership in it.
• This is a corporate structure step: the entity is at incorporation stage and has not started its business.
• The stated object is to manufacture, promote, sell and distribute pharmaceuticals in Brazil, which points to building a presence in that market.
• The information is a company intimation about setting up a new overseas entity, not a financial result or an order.

In short, the company has incorporated a wholly owned subsidiary in Brazil for a pharmaceuticals business there, and the Promoter and Promoter Group hold no interest in the new entity.

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