| Purpose | Announcement Date | Meeting Date |
|---|---|---|
| EGM | 8 Aug 2024 | 10 Sep 2024 |
| COM 10/09/2024 Outcome of NCLT Convened meeting - Approval from Equity shareholders and Secured Creditors for creation of OneSource - Indias first Specialty Pharma CDMO (As Per BSE Announcement dated on 11.09.2024) | ||
EBITDA grew 48% YoY at ₹210 crore, from ₹142 crore in the same quarter last year, marking better profitability.
EBITDA rose significantly to ₹235.7 Crore, a 54% increase from ₹153 Crore in the corresponding period of the previous year.
In September 2023, the pharmaceutical behemoth revealed OneSource. The stock exchanges approved the idea earlier this year, in May.
The medication is bioequivalent and therapeutically equivalent to Schering Corp's Reference Listed Drug (RLD), THEO-DUR.
The Alathur facility is key to Strides' global operations, especially in the US and other regulated markets, specializing in the production of tablets and capsules.
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