Medico Remedies Secures $1.1M Order from Dominican Republic
Filing Summary
Medico Remedies Ltd has received a government supply order valued at approximately USD 1,116,517 from PROMESE/CAL, Dominican Republic. The order involves the supply of tablets, capsules, and dry syrups, with completion expected within three months. This transaction, disclosed under Regulation 30 of the SEBI Listing Regulations, marks an international engagement for Medico Remedies. PROMESE/CAL is responsible for the centralized purchase and distribution of medical supplies in the Dominican Republic. The order does not involve any related party transactions or promoter interests.
On November 7, 2025, Medico Remedies Ltd announced the receipt of a government supply order from PROMESE/CAL, Dominican Republic. The order is valued at approximately USD 1,116,517, equivalent to approximately INR 9.91 Crores. This transaction is reported under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The order involves the supply of tablets, capsules, and dry syrups to PROMESE/CAL. Medico Remedies is expected to complete the delivery within three months. PROMESE/CAL, known as Programa de Medicamentos Esenciales y Central de Logística, is responsible for the centralized purchase and distribution of medicines, health supplies, and laboratory reagents for the National Public Health System in the Dominican Republic.
The order was awarded by an international entity, and there are no significant terms and conditions disclosed beyond the standard contract terms. The transaction does not involve any related party transactions, and there is no interest from the promoter or promoter group in the entity awarding the order.
PROMESE/CAL plays a crucial role in the Dominican Republic’s healthcare system by ensuring the availability of essential medicines and health supplies. It operates as a centralized body for procurement and distribution, aiming to meet the demands of the national public health infrastructure.
Medico Remedies Ltd is engaged in the manufacturing and distribution of pharmaceutical products. The company focuses on expanding its international presence and enhancing its product portfolio to meet diverse healthcare needs. Medico Remedies continues to pursue opportunities in global markets to strengthen its business operations.