Astal Laboratories Ltd — Important, 14-05-2026: Company Update

Astal Laboratories Limited's wholly-owned subsidiary, Sriven Pharmachem India Private Limited, announced the resignation of its statutory auditors. The auditors are awaiting a mandatory Peer Review Certificate, which has become a requirement for auditors of material subsidiaries. As they are currently ineligible to sign financial statements and audit reports for the quarter and financial year, they resigned. This action ensures the subsidiary maintains regulatory compliance, necessitating the appointment of new auditors.