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February 09, 2016 1:37 AM ET

Healthcare Providers and Services

Company Overview of Standard Medical & Pharmaceuticals Limited

Company Overview

Standard Medical & Pharmaceuticals Limited engaged in the distribution of hospital products. The company was incorporated in 1983 and is based in Hyderabad, India.

6-3-652 Kautilya Somajiguda

Hyderabad,  500 082

India

Founded in 1983

Phone:

91 40 2331 0066

Fax:

91 40 2332 7464

Key Executives for Standard Medical & Pharmaceuticals Limited

Managing Director and Director
Compensation as of Fiscal Year 2015.

Standard Medical & Pharmaceuticals Limited Key Developments

Standard Medical & Pharmaceuticals Limited, Board Meeting, Nov 12, 2015

Standard Medical & Pharmaceuticals Limited, Board Meeting, Nov 12, 2015. Agenda: To consider the resignation of Sri. S. Basu Thakur as Managing Director; to consider the appointment of Sri. Srinivasa Raju Godavarthi as Managing Director; and to consider unaudited standalone earnings results for the second quarter and six months ended September 30, 2015.

Standard Medical & Pharmaceuticals Ltd Announces Executive Changes

Standard Medical & Pharmaceuticals Ltd. announced that the Board of Directors of the company at its meeting held on November 12, 2015, has considered and approved that S. Basu Thakur, Managing Director of the company whose tenure is ending on November 30, 2015, has expressed his desire to discontinue as Managing Director of the company. However, he would continue to be Non-Executive and Non-Independent Director on the Board of the company as per the terms of his appointment as Director; also approved the appointment of Srinivasa Raju Godavarthi, an existing Director on the Board of the company as Managing Director of the company effective December 01, 2015 for a period of three years, subject To Approve the shareholders in the General Meeting.

Standard Medical & Pharmaceuticals Limited Reports Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2015

Standard Medical & Pharmaceuticals Limited reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2015. For the quarter, the company reported loss from operations before other income, interest and exceptional items of INR 0.321 million against INR 0.760 million a year ago. Loss from ordinary activities before tax was INR 0.289 million against INR 14.511 million a year ago. Net loss for the period was INR 0.289 million or INR 0.03 basic and diluted per share before and after extraordinary items against INR 14.511 million or INR 1.34 basic and diluted per share before and after extraordinary items a year ago. For the six months, the company reported loss from operations before other income, interest and exceptional items of INR 0.460 million against INR 0.979 million a year ago. Loss from ordinary activities before tax was INR 0.053 million against INR 14.730 million a year ago. Net loss for the period was INR 0.053 million or INR 0.00 basic and diluted per share before and after extraordinary items against INR 14.730 million or INR 1.36 basic and diluted per share before after extraordinary items a year ago.

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