Wockhardt Limited — Others, 29-05-2025: Change in Management

Wockhardt Limited has announced a board meeting outcome approving the audited financial results for the quarter and financial year ended March 31, 2025, with a clean audit report. The company reported a standalone net loss of Rs. 12 crore, a substantial improvement from a Rs. 422 crore loss last year, driven by revenue growth to Rs. 1,402 crore. The board reappointed Mr. Akhilesh Krishna Gupta as Independent Director for five years and appointed Mr. Virendra G. Bhatt as Secretarial Auditor for five years. Plans to raise funds through various instruments are underway, pending shareholder approval.