Solara Active Pharma Sciences Limited announced the voluntary deregistration of its wholly-owned subsidiary in Brazil, Solara Active Pharma Sciences LTDA, with the Federal Revenue of Brazil. This deregistration was effective from July 30, 2025. The company clarified that Solara Active Pharma Sciences LTDA was a non-operating and non-material subsidiary. Its contribution to Solara's consolidated turnover for the financial year ended March 31, 2025, was nil, and its net worth for the same period was also nil. The closure was due to the subsidiary being non-operational and having no business activities. This announcement follows up on a previous intimation dated February 21, 2025. The company has provided details as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming that the transaction does not fall under related party transactions, nor does it involve a slump sale or scheme of arrangement.
