NSE/BSE Codes: NSE: PANACEABIO, BSE: 531349

Summary of Key Information:

Nature of Event / Disclosure:

Regulatory disclosure under SEBI LODR Regulation 30 regarding receipt of four industrial tribunal awards and subsequent appeals filed with the High Court.

Involved Parties / Authorities:

  • Presiding Officer (in the rank of Additional District Judge) of Industrial Tribunal, S.A.S. Nagar, Mohali
  • Hon'ble High Court of Punjab and Haryana, Chandigarh
  • 23 workmen/workers involved in labor disputes

Date / Timeline of Event:

  • Awards dated: March 19, 2026
  • Date of receipt of communication: April 9, 2026
  • Previous intimation date: April 10, 2026
  • Appeal filing date: July 6, 2026 (for three awards)
  • Disclosure date: July 7, 2026
  • Period applicable: From 2014 onwards

Brief Description of Outcome / Dispute:

The company received four awards from the Industrial Tribunal, S.A.S. Nagar, Mohali which:

1. Set aside transfer of 23 workmen and granted relief of full back wages from the date of transfer

2. Awarded reasonable wage revision for the workmen

3. Awarded reinstatement of the workers (other than those who have settled the dispute) with 50% back wages from the date of termination

Impact of Outcome:

Financial Impact:

No explicit quantitative financial impact disclosed. The company states: "Based on the legal position / opinion, the Company believes that the aforesaid Awards are challengeable, and the Company does not foresee any material adverse impact on its financial, operational, or other activities arising from these Awards."

Operational / Business / Strategic Impact:

No specific operational, business, or strategic impacts disclosed beyond the legal proceedings.

Other Implications:

No material disclosures regarding reputational, legal, regulatory, or market perception effects.

Next Steps / Required Actions:

  • The company has filed appeals before the Hon'ble High Court of Punjab and Haryana, Chandigarh against three awards on July 6, 2026
  • The company is in the process of filing an appeal against the remaining 4th award
  • Future updates will be provided in due course