Alkem Labs Initiates Forensic Audit Over Alleged Fund Misappropriation

Alkem Laboratories Ltd has announced the initiation of a forensic audit following an alleged misappropriation of funds by a former employee. The Audit Committee approved the appointment of Grant Thornton Bharat LLP to conduct the audit. The investigation aims to examine the facts and circumstances surrounding the incident, determine the root cause, and recommend corrective measures. The audit will focus on reviewing procurement by the former employee and investigating suspected irregularities in certain transactions. A copy of this disclosure will be made available on the company's website.