Jupiter Life Line Hospitals Limited has officially announced the conversion of its pharmacy division, Jupiter Pharmacy, into a private limited entity named Jupiter Hospital Pharmacy Private Limited (JHPPL). This move, approved by the Central Registration Center on March 3, 2025, does not alter the ownership structure, with Jupiter Life Line Hospitals maintaining its 95% partnership stake in the newly incorporated entity.
According to the regulatory filing, the transition ensures that Jupiter Hospital Pharmacy continues its operations seamlessly within the pharmacy retail sector, primarily running outpatient pharmacy shops. The conversion is not classified as an acquisition, and no financial transaction was involved in the process.
Financial Performance:
- FY 2023-24 Turnover: ₹277.71 million
- FY 2022-23 Turnover: ₹194.60 million
- FY 2021-22 Turnover: ₹207.35 million
Jupiter Life Line Hospitals reassured stakeholders that this conversion is a strategic restructuring with no impact on operations or business activities. The company has also clarified that no regulatory approvals were required for this transition.
