Morepen Laboratories Limited has informed the Exchange about Incorporation of a step-down subsidiary company in Mainland, Dubai, United Arab Emirates.
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Morepen Laboratories has incorporated a new step-down subsidiary called MOREPEN MEDICAL EQUIPMENT TRADING L.L.C in Mainland Dubai, UAE, on 22nd July 2025. The new entity is a wholly owned subsidiary of Morepen Medipath Limited (formerly Morepen Medtech Limited), with Morepen Laboratories indirectly holding 60% through MML. The subsidiary will handle sales and marketing of medical devices products in international markets including Dubai, UAE. It has an authorized capital of AED 100,000 (100 shares of AED 1,000 each), funded through cash by MML. The move follows up on an earlier communication dated 12th May 2025 and aims to expand the company's medical devices footprint overseas.
This is a strategic international expansion step for Morepen's medical devices business, opening access to UAE and broader global markets. The capital commitment is small (AED 100,000), limiting financial risk while establishing a foothold for future growth in medical device exports.