Venus Remedies Limited — Important, 04-02-2025: Updates

The Board of Directors has resolved to write off a time-barred unsecured Foreign Currency Convertible Bond (FCCB) liability amounting to ₹38.68 crore, including interest, which has remained unclaimed for over 10 years. This liability is now deemed no longer legally enforceable under applicable laws. This action simplifies the company's balance sheet by eliminating a long-standing liability, potentially improving financial health and signaling a more streamlined operational structure. Investors should note this development as it reflects a proactive financial management strategy.