According to the proposal, there would be an upfront payment of Rs 350 crore while the accrued interest would be paid in 24 months after the initial 26 months of principal payment. Ilmi’s plan also includes full repayment to operational creditors and employees amounting to Rs 2.9 crore. She has also suggested that lenders appoint a professional CEO to run the company during the proposed repayment period. The proposal recommends the appointment of five directors, including two lender nominees, and includes an indemnity agreement between the company and these directors.
Laurus Labs shares rally over 4% as Q1FY27 profit jumps 126% on strong CDMO growth
Laurus Labs reported a strong June-quarter performance, with net profit more than doubling and revenue rising 29% year-on-year, driven by robust growth in its CDMO
July 27, 2026