Lasa Supergenerics Limited has disclosed its related party transactions for the quarter and year ended March 31, 2026. The filing, submitted to the stock exchanges on May 29, 2026, details payments made to directors, key managerial personnel, and a foundation connected to the company. The total value of transactions executed during the reporting period amounted to ₹35.36 lakh, against an approved limit of ₹618 lakh by the audit committee.

The disclosures were made in compliance with Regulation 23(9) of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015. The transactions primarily cover remuneration, sitting fees, and donations. The company’s Chairman and Managing Director, Omkar Herlekar, received ₹3 lakh, while Whole Time Directors Umesh Pawar, Prathmesh Chalke, and Ganesh Potdar received ₹1.49 lakh, ₹4.63 lakh, and ₹0.30 lakh respectively.

Breakdown of Transactions

The following table summarizes the key related party transactions reported for the period:

Independent Directors received sitting fees for their participation in board meetings. Ms. Ekta Gurnasinghani, Mr. Hardesh Tolani, and Ms. Manali Bhagtani each received ₹0.75 lakh. Other independent directors, including Ms. Ajay Sukhwani, Mr. Yogesh Hari Ughada, Mr. Pravin Gadalya Lachake, Mr. Ketan Bhau Songal, and Ms. Rekha Hemant Wakh, received amounts ranging from ₹0.10 lakh to ₹1.00 lakh.

The Chief Financial Officers (CFOs), Mr. Ravi Shankar Kabra and Ms. Varsha Joshi, were remunerated ₹0 and ₹1.20 lakh respectively during the quarter. The audit committee had previously approved a total remuneration limit of ₹30 lakh for Mr. Kabra and ₹8 lakh for Ms. Joshi.

Lasa Supergenerics reported a net loss of ₹416.44 lakh for the quarter ended March 31, 2026, a significant improvement from the net loss of ₹1,429.11 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at (₹13.15) lakh, a steep decline from ₹3,913.77 lakh in Q4FY25, primarily due to a complete halt in production following a fire incident at its Ratnagiri factory. The company’s total income for the quarter was (₹9.08) lakh.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026. The statutory auditor, Gupta Rustagi & Co., issued a qualified opinion on the financial results. The qualification cites insufficient appropriate audit evidence regarding the completeness and accuracy of the financial impact of the fire incident that occurred on May 18, 2025. Additionally, the auditor qualified the opinion regarding the impairment of intangible assets, which include patents, goodwill, and software aggregating to ₹1,667.05 lakh, as the company has not carried out an impairment assessment.

Financial Performance

For the full year ended March 31, 2026, the company reported a net loss of ₹3,409.03 lakh on a total income of ₹2,534.05 lakh. The auditor emphasized the write-off of Capital Work-in-Progress amounting to ₹46.27 lakh during the year as an exceptional item. The company faces significant operational challenges, including labour unrest and obstruction by an unrecognized union preventing access to the factory for damage assessment. The management stated it is exploring alternative options such as contract manufacturing or leasing the facility to restore operations.