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Press Release
 
Sunil Healthcare lists on BSE
January 23 , 2014
 
The equity shares of Sunil Healthcare listed on BSE on Thursday, 23rd January 2014 by way of Direct Listing.  The Company’s scrip id on the BOLT system is SUNLOC and the abbreviated name is SUNIL HEALTH.  
 
Sunil Healthcare Ltd. (earlier known as Sunil Synchem Ltd.), had its equity shares listed on three regional exchanges viz. Delhi Stock Exchange, Kolkata Stock Exchange and Jaipur Stock Exchange.  However, since listing on these regional stock exchanges does not provide the liquidity that the investors’ desire, the Company decided to list its shares on BSE.  As the Company had its equity shares listed on the regional stock exchanges and it also met other requirements including minimum number of public shareholders, the company’s shares were eligible for direct listing on BSE.
 
Sunil Healthcare Ltd. has a paid up share capital of Rs.10.26 crores of which 30.93% shareholding is held by the public.  The company has over 6000 shareholders. 
 
Sunil Healthcare Ltd. is a leading WHO-GMP certified manufacturer of Empty Hard Gelatin Capsules in India and is accredited with DMF IV registration by USFDA. It has a wide array of product offerings like TSE/BSE Free capsules, Preservative Free, and Liquid Fill Capsules. Some of its products are also registered with the UK MHRA and the TGA in Australia. 
 
With a continual focus on innovation, the company pioneered the concept of self-locking type capsules in India in the late 70s and is today the second largest producer of Empty Hard Gelatin Capsules in the country. It has recently also launched “Triple-Lock Capsules.” 
 
The Company’s plant located in Alwar has an installed capacity of 770 crore capsules per annum.  The company has been in the capsules business for nearly four decades and has a well established reputation for its high quality in India and abroad and its customers include leading pharmaceutical companies. Its capsules are marketed under the brand name ‘SUNLOC’ and are widely exported to the European, African and Latin American Continents. About 50% of the Company’s sales are generated from exports. In India, the company has a reputed client base with the likes of Pfizer, GSK, and Abbott as its prime customers.
 
 
 
For the year ended 31st March, 2013, the Company’s Net Profit stood at Rs.144.35 lacs on Total Income of Rs.4613 lacs and its Reserves and Surplus stood at Rs.925 lacs.
 
For the six months period ended 30th September 2013, the company’s Total Income stood at Rs. 2994.25 lacs and its Net Profit at Rs. 99.27 lacs. Furthermore, the Company has successfully commissioned its last expansion to 100% capacity utilization from 30th September 2013.
 
On the occasion of listing of its shares on BSE, Mr. Ishan Khaitan, President – Operation & Marketing of the company said, “The listing on BSE will provide Sunil Healthcare with an excellent growth platform and its shareholders the desired liquidity.  The listing has come at a time when the Indian pharmaceutical industry is growing at the rate of 15% CAGR. The company has plans to introduce several new value added products to get a share in that growth. We are well placed to be part of the Indian Pharma growth story.  ”
 
 
 
 
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Posted By : Editor
 
 
 
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