The Board of Jubilant Organosys Ltd., an integrated pharmaceutical industry player and the largest Custom Research and Manufacturing Services Company in India, has approved the scheme of amalgamation and demerger. This is to enable focused growth and value realization across operating entities. The amalgamation is in the nature of merger of Speciality Molecules Ltd. (SML), a wholly owned subsidiary of Jubilant Organosys and Pace Marketing Specialities Ltd (PMSL), an exclusive contract manufacturer for adhesives of Consumer Products Division of Jubilant Organosys. The demerger is of its Agri and Performance Polymer business (APP).
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