Medico Remedies Secures INR 73 Crore Order from UP Medical Supplies
Filing Summary
Medico Remedies Ltd has announced the receipt of a government supply order valued at approximately INR 73 Crore from Uttar Pradesh Medical Supplies Corporation Limited. The order involves the supply of Azithromycin 500mg tablets, with completion expected by October 31, 2026. This transaction is governed by Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The order is domestic, and there are no related party transactions involved. Medico Remedies Ltd has confirmed that neither the promoter group nor group companies have any interest in the entity awarding the contract.
Medico Remedies Ltd has received an order from Uttar Pradesh Medical Supplies Corporation Limited valued at approximately INR 73,23,16,646. The order is for the supply of Azithromycin 500mg tablets. The supply is scheduled to be completed by October 31, 2026.
The order was awarded under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction is classified as a domestic order. Medico Remedies Ltd confirmed that there are no related party transactions involved in this order. Additionally, the promoter group or group companies of Medico Remedies Ltd have no interest in the entity awarding the contract.
The order involves the centralized purchase and distribution of medicines and health supplies by the Uttar Pradesh Medical Supplies Corporation Limited, which is responsible for providing health care services in Uttar Pradesh.
Uttar Pradesh Medical Supplies Corporation Limited is an entity formed by the Government of Uttar Pradesh. It focuses on the centralized procurement and distribution of medical supplies to ensure timely and effective health care services across the state.
Medico Remedies Ltd is engaged in the manufacturing and supply of pharmaceutical products. The company focuses on expanding its reach in the pharmaceutical sector by securing government and private contracts for the supply of medicines and health-related products.