Supriya Lifescience GM Arrested by Customs; Judicial Custody Till 2026
Supriya Lifescience Ltd has disclosed that an investigation has been initiated against Mr. Sreekant Sreedharan, General Manager of Sales & Marketing, by the Special Investigation and Intelligence branch of the Customs Department. The officer has been granted judicial custody until July 17, 2026. The proceedings are related to alleged violations under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, for a procedural lapse concerning a single export transaction. The company stated that based on current information, the proceedings are not expected to have a material impact on its operations, financial position, or governance. Supriya Lifescience is monitoring the situation and obtaining legal advice.
Key Highlights
- General Manager arrested by Customs Department.
- Judicial custody granted until July 17, 2026.
- Investigation under NDPS Act for export transaction lapse.
- Company expects no material impact on operations or financials.
- Company is evaluating implications and seeking legal advice.
Price Impact
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