Medico Intercontinental Limited informed that the Company has incorporated two Subsidiary Companies under the name and style of Ritz Formulations Private Limited and Sungrace Pharma Private Limited. Ritz Formulations Private Limited paid up capital is INR 100,000/divided into 10,000 Equity Shares of INR 10 each. Sungrace Pharma Private Limited paid up capital is INR 100,000/divided into 10,000 Equity Shares of INR 10 each.