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Vivimed Labs Ltd is primarily engaged in the business of APIs, CDMO, Finished Dosage Formulation, Specialty Chemicals and retail branded formulation manufacturing.
Vivimed Labs clarified procedural issues in its financial results filing. These include a signing formality, a minor technical delay in submission, and XBRL discrepancies being resolved. The company confirms these do not alter the previously disclosed financial figures.
Vivimed Labs Ltd. has announced a board meeting to discuss the audited financial results for the quarter and year ended 31 March 2023. The company reported a significant liquidity crisis, resulting in defaults on payments to banks totaling ₹3,762.80 million. This situation was exacerbated by post-COVID-19 operational challenges. Additionally, the...
Vivimed Labs Limited has reported its financial results for the quarter and nine months ended December 31, 2024. The company generated total revenue of ₹908.09 crore, with a profit before tax of ₹(263.61) crore. Notably, Vivimed has defaulted on loan repayments totaling ₹3,746.40 crore, classified as non-performing assets (NPAs) due...