Shilpa Medicare Ltd Share Price – NSE /  BSE

Pharmaceuticals, Small Cap

Shilpa Medicare has appointed Dr. Vellaian Karuppiah has been appointed as the Chief Operating Officer (COO) - Formulations (Senior Managerial Personnel) of the Company with effect from 23 April 2026.

SteinCares is a leading specialty pharmaceutical company dedicated to expanding patient access to innovative and cost-effective treatments across Latin America.

Shilpa Biologicals is a fully integrated biopharmaceutical company with a therapeutic focus on immunology, oncology, and ophthalmics. As a hybrid CDMO/pharma company, Shilpa offers both development and manufacturing services alongside ready-to-license novel formulations.

Under the agreement, SteinCares will hold exclusive rights to register, commercialize, and distribute the biosimilar across the region while Shilpa Biologicals will complete product development and provide long-term commercial manufacturing from its facility in Dharwad, India.

The partnership brings together Shilpa Biologicals? expertise in biologics development and high-quality commercial manufacturing with SteinCares? integrated regional platform, combining regulatory capabilities, market access, and deep understanding of Latin American healthcare systems.

Shilpa Medicare is a manufacturer of API, formulation, and development services.

The company's consolidated net profit jumped 40.28% to Rs 44.58 crore on a 28.32% increase in revenue to Rs 409.73 crore in Q3 FY26 as compared with Q3 FY25.

The scrip fell 1.33% to currently trade at Rs 322.95 on the BSE.

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SteinCares, a leading specialty healthcare company in Latin America, and Shilpa Biologicals, a fully integrated biopharmaceutical company and subsidiary of Shilpa Medicare, announce a strategic licensing agreement to commercialize a biosimilar across Latin America.

Under the agreement, SteinCares will hold exclusive rights to register, commercialize, and distribute the biosimilar across the region while Shilpa Biologicals will complete product development and provide long-term commercial manufacturing from its facility in Dharwad, India. The partnership brings together Shilpa Biologicals' expertise in biologics development and high quality commercial manufacturing with SteinCares' integrated regional platform, combining regulatory capabilities, market access, and deep understanding of Latin American healthcare systems.

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Shilpa Medicare (SML) has entered into a binding agreement with NXI Therapeutics AG based out of Basel, Switzerland for development, supply of a New Chemical Entity (NCE). Under the terms of the strategic collaboration, SML will support both development - including first-in-human clinical studies - as well as long-term commercial supply with GMP manufacturing.

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