Concord Drugs Ltd. Clarifies Inadvertent Omission in Labour Codes Disclosure

Concord Drugs Ltd. has issued a clarification regarding an inadvertent omission in a previous disclosure related to the implementation of Labour Codes. The omission was noted in the disclosure submitted on 14th February 2026, following a Board Meeting. The company has now provided the complete paragraph regarding the implementation of the Labour Codes under the Financial Results disclosure. The New Labour Codes, which consolidate 29 existing labour legislations into four codes, have been effective from November 21, 2025. However, the corresponding supporting rules under these codes are yet to be notified. The company is continuously monitoring the finalisation of Central/State Rules and clarifications from the Government on other aspects of the New Labour Codes. The company has estimated and accounted for incremental liability for employees, which is not material to the financial results.