Wockhardt will hold a meeting of the Board of Directors of the Company on 26 March 2024.Powered by Capital Market - Live News

Wockhardt will hold a meeting of the Board of Directors of the Company on 14 February 2024.Powered by Capital Market - Live News

Net Loss of Wockhardt reported to Rs 77.00 crore in the quarter ended September 2023 as against net loss of Rs 189.00 crore during the previous quarter ended September 2022. Sales rose 10.90% to Rs 753.00 crore in the quarter ended September 2023 as against Rs 679.00 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales753.00679.00 11 OPM %9.566.33 - PBDT20.0030.00 -33 PBT-35.00-35.00 0 NP-77.00-189.00 59 Powered by Capital Market - Live News

Wockhardt announced that CARE Ratings has revised its rating to CARE BB+ for the Company, CARE A4+ for Non Fund Based limits of Rs.171.20 crore, CARE BB+ for Working Capital bank facilities of Rs.512.75 crore, and CARE BB+ for Non-Convertible Debentures of Rs.179 crore (reduced from Rs.250 crore) with outlook �Negative�.The last rating action by CARE Ratings was on 6 June 23, based on financial performance for FY23. Since then, there has been no adverse development. The monetisation of US assets is well on track. The Company has further reduced the debt by Rs.100 crore during June 2023. The rating acknowledges the adequate liquidity position maintained by the Company and also specifically states that the Company would be able to meet all its obligations in FY24. The rating action does not reflect the above factors.The ratings were revised by the CARE Ratings inter alia, due to financial performance in FY23 which factored one time write-off due to US restructuring, delay in monetisation of assets post re-structuring of US business.Powered by Capital Market - Live News

The Board of Wockhardt at its meeting held on 14 August 2023 has accepted the resignation of Debashis Dey as Company Secretary of the Company with effect from end of working hours on 18 August 2023 and approved the appointment of Rashmi Mamtura in his place with effect from 19 August 2023.Powered by Capital Market - Live News