Legal7 Jul 2026, 08:51 pm
Panacea Biotec Appeals Industrial Tribunal Awards
AI Summary
Panacea Biotec Ltd has filed appeals before the Hon'ble High Court of Punjab and Haryana against three out of four Awards received from the Industrial Tribunal, S.A.S. Nagar, Mohali. These Awards, dated March 19, 2026, and received on April 9, 2026, relate to the transfer and reinstatement of 23 workmen, granting relief including full back wages and wage revision. The company is also in the process of appealing the fourth Award. Panacea Biotec believes these Awards are challengeable and does not foresee any material adverse financial or operational impact.
Key Highlights
- Company appeals against three Industrial Tribunal Awards.
- Appeals filed with the High Court of Punjab and Haryana.
- Company is challenging Awards concerning workmen's transfer and wages.
- No material adverse financial impact anticipated by the company.
Price Impact
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