Pharma firm Zenotech Laboratories Ltd on Tuesday said that it has been registered as a 'Sick Industrial Company' with BIFR.
In a filing to the Bombay Stock Exchange, the company informed, "Pursuant to the reference filed by the company under the provisions of section 15 (1) of Sick industrial Companies (Special Provisions) Act, 1985 (SICA), the company has been registered as a 'Sick Industrial Company' with BIFR vide Case No. 115/ 2015."
The company manufactures bio-technology products. Its pharmaceutical product portfolio serves niche therapy areas, including oncology and anesthesiology.
Meanwhile, shares of the company closed at Rs 39.35 apiece, down 4.95 per cent, from previous close on BSE.