Lasa Supergenerics Ltd

Cessation details

• Ganesh Suresh Potdar, Whole-time Director, resigns effective 25 August 2026 due to personal commitments.
• Whole-time Director role vacated; no interim arrangements disclosed.

Financial results

• Board approved unaudited standalone financial results for quarter ended March 31, 2026.
• Board also approved the statutory auditor's limited review report with modified opinion.

Audit qualifications

• Auditor qualified the results over unresolved fire-related asset impairment and intangible asset impairment.
• Fire at the factory on May 18, 2025 damaged property, inventories, and other assets.
• Auditor noted no impairment assessment for patents, goodwill, and software worth Rs. 1,667.05 lakhs.

Material regulatory and legal matters

• Auditor highlighted GST demand notices aggregating Rs. 3,810.93 lakhs, currently under appeal.
• Auditor noted pending GST reconciliation issues and unquantified impact on results or financial position.
• Revenue recognition on one customer invoice remains suspended under force majeure, with Rs. 10.56 lakhs retained as liability.

Other disclosures

• Board approved the Statement on Impact of Audit Qualifications for year ended March 31, 2026.
• The statement was reviewed by the Audit Committee and approved by the Board on May 29, 2026.