Jubilant Pharmova Limited — Others, 25-02-2025: Rumour Verification - Regulation 30(11)

Jubilant Pharmova Limited has clarified that recent media reports regarding the registration of an FIR against Chairman Shyam S. Bhartia are false and baseless. The Bombay High Court has indicated that the police will conduct the investigation independently and has not commented on the merits of the case. The company emphasizes that these allegations do not materially impact its operations. Investors may perceive this situation as a neutral impact, as the company upholds its operational integrity amidst ongoing investigations, while affirming the need for privacy for Mr. Bhartia's family.