#TORRENT OFFSET FATHER OF 4 TORRENT#

a sum equal to the aggregate amount of the premium received on shares is transferred to a ГўВЂВњsecurities premium accountГўВЂВќ as per the provisions of the Companies Act, 2013. Securities premium reflects issuance of the shares by the Company at a premium, whether for cash or otherwise i.e. The Board of Directors at its meeting held on has recommended a dividend of 55.00% (C5.50 per equity share of par value C10 each).The proposal is subject to the approval of shareholders at the ensuing Annual General Meeting and if approved, would result in a cash outflow of C264.34 Crore. Interim dividend for FY 2020-21 of C5.50 per equity share aggregating to C264.34 Crore was paid in March, 21.

#TORRENT OFFSET FATHER OF 4 TORRENT#

The distribution will be in proportion to the number of equity shares held by the shareholders.ДЄggregate number of equity shares allotted as fully paid up pursuant to contract(s) without payment being received in cash:Дuring FY 2015-16, the Company allotted 81,68,476 equity shares of C10 each at par to the shareholders of Torrent Cables Limited pursuant to the scheme of amalgamation of Torrent Energy Limited and Torrent Cables Limited with Torrent Power Limited as approved by the Hon''ble Gujarat High Court vide its order dated August 13, 2015. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of preferential amounts.

The dividend,if any, proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. The Company declares and pays dividends in Indian rupees. Each holder of equity shares is entitled to one vote per share. The Company has only one class of equity shares having par value of C10 per share. Terms / Rights attached to equity shares : 'Of these, we think some are first to file (FTF) limited competition products and going forward, we will be filing 15-16 products every year in limited competition, complex to make generics for the US market like oncology drugs, oral solids, creams and ointment', says Samir Mehta, Chairman of Torrent Pharma for the past three years.25,74,22,311 equity shares (25,74,22,311 equity shares as at March 31, 2020) of C10 each fully paid up are held by the Parent Company - Torrent Investments Private Limited (Formerly known as Torrent Private Limited). Now Torrent has about 61 approved drugs in the US and another 22 are awaiting the nod of the US drug regulator, Food and Drug Administration (FDA). Torrent started off with four neurological disorder drugs for that market and slowly over the years expanded the portfolio. When all others were investing in that market, we were trying to stabilise our domestic and other overseas markets,' says Sudhir Mehta, Chariman Emeritus of the company and elder brother of Samir Mehta. We were assessing the US market and launching products that require big investments. 'The delay in the US foray was not intentional. And just when it was witnessing slowdown in domestic formulations, it acquired Elder's lucrative formulations business,' note Siddhant Khandekar, Mitesh Shah and Nandan Kamat, pharma analysts with brokerage ICICI Securities, in a report. It was one of the early entrants in the Brazilian market and acquired a marketing company in Germany in 2005, and struck a contract manufacturing deal with Novo-Nordisk in the Indian market for Insulin. 'In domestic formulations, it concentrated on high-yielding chronic therapies such as cardiovascular and neuropathy when most of the Indian players were growing in anti-infectives (acute). Torrent has remained ahead of the curve in terms of strategic decision-making when compared to peers, observe analysts.

Torrent offset father of 4