Balaxi Pharmaceuticals Limited was initially incorporated in the name of 'The Anandam Rubber Company Limited' on September 28, 1942. The Company changed its name from 'The Anandam Rubber Company Limited' to 'Balaxi Ventures Limited' on August 08, 2017 and further changed to Balaxi Pharmaceuticals Limited in 2021. Initially, the Company was incorporated with the object of running rubber and tea plantations and owns several plantations across South India.
In year 1989 the company sold its entire plantations to meet the emerging business needs and started concentrating in Investments and trading. The company previously was a investment company, but the company during the financial year 2018-19 has commenced the business of International Wholesale Trading of Pharmaceuticals, Builders Hardware and FMCG Products
On 15 March 2017, Balaxi Overseas Private Limited (BOPL) entered into a Share Purchase Agreement (SPA) with the erstwhile promoters of Company (i.e. Mr. Nirej V. Paul, Mr. V. M. Paulose, Dr. Leelamma T. J and Mrs. Jaya Paul) to acquire 1,670,036 Equity Shares representing 54.94% of the paid up share capital of the Company along with the control over the Company, pursuant to which BOPL made an Open Offer under Regulation 3(1) and Regulation 4 of SEBI (SAST) Regulations, 2011. Control and management of the Company was acquired by BOPL on May 04, 2017 and it became the new promoter of Company and their representatives i.e. Mr. Ashish Maheshwari and Mrs. Minoshi Maheshw ...ari became the new Directors of the Company. Simultaneously, erstwhile promoters stepped down as promoters from Company on same day and Mr. Nirej V. Paul and Dr. Leelamma TJ resigned as Managing Director and as Chairperson from the Company, respectively. Under the above said Open Offer, BOPL acquired 3,30,000 equity shares representing 10.86% equity share capital of the Company. On completion of the Open Offer BOPL became the holding and Promoter Company with an aggregate shareholding of 2000036 Equity Shares (ie 65.79%).
The main objects of the company were amended to include activities of International wholesale trading in pharmaceutical, food products and builders' hardware on August 08, 2018. The Company commenced the business of International Wholesale Trading of Pharmaceuticals, Builders Hardware and FMCG products from Financial Year 2018-19.
Further, in February 2019, it kickstarted Food Products business by launching a range of biscuits under the brand YAP'.
The Company expanded its presence by establishing a central distribution warehouse in Guatemala. This expansion helped in strengthening the network and a wider customer base in 2019. In FY 2024, Company started operations in two Latin American Countries, i.e., Honduras and El Salvador and also started operations in the Central African Republic.
The Company completed its first formulation facility in Jadcherla, Hyderabad, focused on General Oral Solid Dosage (OSD) forms in 2025.
FAQs on Balaxi Pharmaceuticals Ltd
1. Can I buy Balaxi Pharmaceuticals Ltd from PL Capital? ›
Yes, you can invest in Balaxi Pharmaceuticals Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Balaxi Pharmaceuticals Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Balaxi Pharmaceuticals Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Balaxi Pharmaceuticals Ltd pay dividends? ›
Balaxi Pharmaceuticals Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Balaxi Pharmaceuticals Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Balaxi Pharmaceuticals Ltd. is ₹ 22.87 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Balaxi Pharmaceuticals Ltd ? ›
The 52-week high and low of Balaxi Pharmaceuticals Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
