Chairman’s Statement

The global pharmaceutical and life sciences industry continues to undergo structural shifts. Increasing complexity in drug development, heightened regulatory expectations and a growing emphasis on environmental, social and governance (ESG) performance are reshaping how companies operate. At the same time, there is a clear movement towards diversification of manufacturing partnerships, with innovators seeking reliable, integrated partners capable of supporting the full product lifecycle.

These trends have strengthened the role of contract development and manufacturing organisations, particularly those with scientific depth, operational scale and a proven track record of execution. India continues to be well positioned within this evolving landscape, supported by its talent base, manufacturing capabilities and increasing integration into global supply chains.

Against this backdrop, Laurus delivered a strong and consistent performance during the year. Growth was supported by continued momentum in the CDMO business, alongside stable contributions from the Affordable Medicines segment. Improved product mix, better utilisation of recently commissioned capacities and disciplined execution contributed to a meaningful expansion in margins over the course of the year.

At a broader level, the progress reflects the benefits of investments made over recent years to strengthen capabilities, expand infrastructure and enhance the Company’s positioning across the development and manufacturing value chain. The business today is more diversified, with deeper customer engagements and a growing presence across multiple geographies.

The Company remains committed to operating with the highest standards of quality, compliance and governance. The principle of maintaining a single quality standard across all markets continues to underpin operations, reinforcing trust with customers and regulators alike.

Laurus has also continued to advance its sustainability agenda, with focused efforts towards improving energy efficiency, increasing the share of renewable energy and embedding environmentally responsible practices across its manufacturing network. These initiatives, alongside strong governance frameworks, reflect the Company’s broader responsibility to its stakeholders and the communities it serves.

Looking ahead, the Company remains focused on strengthening its integrated capabilities, deepening strategic customer partnerships and selectively expanding into areas that offer long-term value. Continued investments in infrastructure, technology platforms and talent will be critical to sustaining growth in an increasingly complex and competitive environment.

While the operating environment may continue to evolve, Laurus enters the next phase of its journey with a stronger foundation, improved visibility across its business segments and a clear sense of direction anchored in its core values.

On behalf of the Board, I would like to express my sincere appreciation to our employees for their dedication and commitment, to our customers and partners for their continued trust and to our shareholders for their steadfast support over the years.

As we step into the next chapter, we remain confident in our ability to build on this foundation and create enduring value for all stakeholders.