Aarti Industries Limited (BSE:524208) on August 19, 2021 announced that its board of directors at a meeting held on August 19, 2021 have approved to demerge pharma business to Aarti Pharmalabs Ltd. “The board approved to restructure the business of the Demerged Company by way of a Scheme of Arrangement whereby the Pharma Business and allied activities of Aarti Industries Limited (demerged company) will be demerged into Aarti Pharmalabs Limited (Formerly known as Aarti Organics Limited), a wholly owned subsidiary Company of Aarti Industries Limited (the resulting company)," it said in an exchange filing. The company said it will make an application to the stock exchanges BSE and NSE to list Aarti Pharmalabs post demerger.