Granules India will hold a meeting of the Board of Directors of the Company on 28 January 2021.

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Granules India announced that it has received the US Food & Drug Administration (US FDA) has granted final approval for its Abbreviated New Drug Application (ANDA) for Metformin Hydrochloride Extended-Release Tablets USP, 500 mg and 1000 mg, generic equivalent of Glumetza ER Tablets, 500 mg and 1000 mg, of Bausch Health US LLC (Bausch). Metformin Hydrochloride ER Tablets are indicated as an adjunct to diet and exercise to improve glycemic control in adults with type 2 diabetes mellitus.

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Granules India announced that the US Food & Drug Administration (US FDA) has granted final approval for its abbreviated new drug application (ANDA) for metformin hydrochloride extended-release tablets USP, 500 mg and 1000 mg. The product is generic equivalent of Glumetza ER tablets of Bausch Health US LLC (Bausch). Glumetza is a trademark of Salix Pharmaceuticals, Inc. or its affiliates.

The drug is indicated as an adjunct to diet and exercise to improve glycemic control in adults with type 2 diabetes mellitus.

Metformin hydrochloride ER tablets had US sales of approximately $192 million for the most recent twelve months ending in November 2020 according to IQVIA Health.

Granules now has a total of 35 ANDA approvals from USFDA (34 final approvals and 1 tentative approval).

Granules India is a pharmaceutical manufacturing company. The company produces Finished Dosages (FDs), Pharmaceutical Formulation Intermediates (PFIs) and Active Pharmaceutical Ingredients (APIs) which gives the customers flexibility and choice.

On a consolidated basis, Granules India reported 70.8% jump in net profit to Rs 164 crore on a 22.7% rise in income from operations to Rs 858 crore in Q2 FY21 over Q2 FY20.

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Astral Poly Technik Ltd, Adani Power Ltd, Tata Steel Ltd Partly Paid Up and Varroc Engineering Ltd are among the other losers in the BSE's 'A' group today, 07 December 2020.

Granules India Ltd lost 6.82% to Rs 393 at 14:48 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 4.74 lakh shares were traded on the counter so far as against the average daily volumes of 95317 shares in the past one month.

Astral Poly Technik Ltd tumbled 4.42% to Rs 1448.45. The stock was the second biggest loser in 'A' group.On the BSE, 7843 shares were traded on the counter so far as against the average daily volumes of 46164 shares in the past one month.

Adani Power Ltd crashed 4.36% to Rs 57. The stock was the third biggest loser in 'A' group.On the BSE, 47.18 lakh shares were traded on the counter so far as against the average daily volumes of 20.85 lakh shares in the past one month.

Tata Steel Ltd Partly Paid Up dropped 3.65% to Rs 162.5. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.91 lakh shares were traded on the counter so far as against the average daily volumes of 3.86 lakh shares in the past one month.

Varroc Engineering Ltd pared 2.74% to Rs 427.35. The stock was the fifth biggest loser in 'A' group.On the BSE, 6543 shares were traded on the counter so far as against the average daily volumes of 31334 shares in the past one month.

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