Interim report
Page 1
•• . ,.. OrchidPharmaP National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai-400051 Symbol: ORCHPHARMA - A Dhanuka Group o,mpany - BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001 Scrip Code: 524372 February 11, 2026 Subject: Outcome of Board Meeting - Orchid Pharma Limited ("the Company") Dear SirjMadam, With reference to the captioned subject and pursuant to Regulation 30 read with Part A Para A of Schedule III and Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), as amended read with SEBI Master Circular no. SEBljHOj49j14j14(7)2025-CFD-POD2jlj3762j2026 dated January 30, 2026, SEBI Circular no. SEBljHOjCFDjCFD-PoD-2jCIRjPj2024j185 dated December 31,2024 and in continuation to the prior intimation given by the Company on February 06, 2026 for scheduling the Board Meeting, we would like to inform you that the Board of Directors of the Company at its meeting held today i.e. February 11, 2026 (commenced at 01:30 P.M. (1ST) and concluded at 05: 15 P.M. (1ST) has inter-alia considered and approved the below mentioned matter: 1. Unaudited limited reviewed Standalone & Consolidated Financial Results of the Company for the quarter and year to date period ended on December 31, 2025 along with the auditors' limited review reports on standalone and consolidated on the financial results, issued by Mjs. Singhi & Co., Statutory Auditors of the Company, enclosed herewith as Annexure-I. You are requested to take the above intimat ions on record. Encl. as above Orchid Pharma Limited. Reg. Off: Plot Nos. 121-128, 128A-133, 138-151, 159-164, SIDCO Industrial Estate, Alathur, Chengalpattu Dist.- 603110, Tamil Nadu, India. Phone: +(91}-44-2744 4471/72/73, Email: corporate@orchidpharma.com Website: www.orchidpharma.com CIN: L24222TN1992PLC022994
Page 2
Orchid Pharma Limited Regd. Office: Plot Nos. 121 - 128, 128A - 133 138 -151, 159 -164, SIDCO Industrial Estate, Alathur, Chengalpattu District - 603110, Tamil Nadu, India Ph. +91 - 44 - 2744 4471 - 78 Email id: corporate@orchidpharma.com Website: www.orchidpharma.com CIN : L24222TN1992PLC022994 Statement of Unaudited Standalone anc Consolidated Financial Results for the quarter and nine months ended December 31 , 2025 (All amounts are in lakhs of Indian Rupees, unless otherwise stated) S. No. Particulars Standalone financial results Consolidated financial results For the qlarter ended Nine month ended Forthe For the quarter ended Nine month ended Forthe year ended year ended Dec 31 , 2025 Sept 30, 2025 Dec 31, 2024 Dec 31, 2025 Dec 31, 2024 March 31, Dec 31 , 2025 Sept 30, 2025 Dec 31, 2024 Dec 31, 2025 Dec 31, 2024 March 31, 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) (Audited) Income from Operations 1 Net Sales I Income from operations 20,726.70 19,352.42 21,734.25 57,372.00 68,444.72 92,192.59 20,726.70 19,352.42 21,734.25 57372.00 68444.72 92,192.59 2 Other Income 1,059.00 1,542.52 993.72 4,194.56 2,567.23 3,192.91 560.94 1,077.44 849.00 2783.14 2357.75 2,747.47 3 Total Income (1+2) 21 ,785.70 21),894.94 22,727.97 61 ,566.56 71,011.95 95,385.50 21 ,287.64 20,429.86 22,583.25 60,155.14 70,802.47 94,940.06 4 Expenses Cost of materials consumed 11 .896.58 11 ,226.77 14,202.13 34,139.09 44,851.60 58,546.06 11,896.58 11,226.77 14,202.13 34139.09 44851.60 58,546.06 Changes in inventories of raw material, work-in-progress, stock-in-trade 2,393.08 2,006.54 (1 ,859.88) 3,191.63 (4,367.87) (4.385.11) 2,393.08 2,006.54 (1 ,859.88) 3191.63 (4,367.87) (4,385.11 ) and finished goods Purchases of Stock in trade 25.00 17.34 136.91 121.13 136.91 261.31 25.00 17.34 1 36.91 121.13 136.91 261.31 Employee benefit expenses 2,288.38 2,404.69 2,205.84 6,854. 36 6,411 .82 8,636.06 2,412.75 2, 485.06 2,205.84 7059.10 6411 .82 8,636.06 Finance costs 316.91 373.23 379.08 1,015.89 1,056.05 1,454.01 317.77 373.23 379.75 1016.75 1062.51 1.454.01 Depreciation and amortization expense 896.79 879.13 860.50 2,641.33 2,567.41 3,443.62 902.94 890.14 860.50 2658.49 2567.41 3.454.58 Other expenses 3,840.12 3,764.13 4 ,412.76 11,431.44 12,492.56 16,781.21 3,842.89 3,764.27 4,413.00 11434.69 12493.02 17,416.67 Total Expenses 21,656.86 2),671.83 20,337.34 59,394.87 63,148.48 84,737.16 21 ,791.01 20,763.35 20,338.25 59,620.88 63,155.40 85,383.58 5 Profit I (Loss) before exceptional items and tax (3·4) 128.84 223.11 2,390.63 2,171.69 7,863.47 10,648.34 (503.37) (333.49) 2,245.00 534.26 7,647.07 9,556.48 6 Exceptional items (refer Note no.3) (71 1.27) (711.27) (711 .27) (711.27) 7 Profit I (Loss) before tax (5+6) (582.43) 223.11 2,390.63 1,460.42 7,863.47 10,648.34 (1 ,214.64) (333.49) 2,245.00 (177.01) 7,647.07 9,556.48 8 Tax expense Current tax Tax adjustments of earliear years (15.41) (9.23) Deferred tax (19.33) (10.12) Total Tax Expenses (19.33) (15.41) (19.35) 9 Profit I (Loss) forthe period before share of profit of Associates (7·8) (582.43) 223.11 2,390.63 1,460.42 7,863.47 10,648.34 (1 ,214.64) (333.49) 2,245.00 (157.68) 7,662.48 9,575.83
Page 3
Orchid Pharma Limited Statement of Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31 , 2025 (Contd .. S. No. Particulars Stand alone financial results Consolidated financial results For the quarter ended Nine month ended Forthe For the quarter ended Nine month ended Forthe year ended year ended Dec 31 , 2025 Sept 30, 2025 Dec 31, 2024 Dec 31, 2025 Dec 31 , 2024 March 31, Dec 31 , 2025 Sept 30, 2025 Dec 31 , 2024 Dec 31 , 2025 Dec 31 , 2024 March 31 , 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) (Audited) 10 Profit I (Loss) for the period before share of profit of Associates (582.43) 223.11 2,390.63 1,460.42 7,863.47 10,648.34 (1 ,214.64) (333.49) 2,245.00 (157.68) 7,662.48 9,575.83 11 Add: Share of Profit! (Loss) of Associates (46.71) (238.87) (167.49) (165.64) 73.74 389.85 12 Profit I (Loss) for the period (10+11) (582.43) 223.11 2,390.63 1,460.42 7,863.47 10,648.34 (1 ,261.35) (572.36) 2,077.51 (323.32) 7,736.22 9,965.68 13 Other comprehensive income, net of income tax a) (i) items that will not be reclassified to profit or loss 56.42 (39.45) (80.14) 1.49 (241.88) (75.13) 56.42 (39.45) (80.14) 1.49 (241.88) (75.13) (ii) income tax relating to items that will not be reclassified to profit or loss b) (i) items that will be reclassified to profit or loss (ii) income tax relating to items that will be reclassified to profit or loss Total other comprehensive incomel (loss), net of income tax 56.42 (39.45) (80.14) 1.49 (241.88) (75.13) 56.42 (39.45) (80.14) 1.49 (241.88) (75.13) 14 Total comprehensive incomel (Loss) forthe period (12+13) (526.01) 183.66 2,310.49 1,461.91 7,621.59 10,573.21 (1 ,204.93) (611.81) 1,997.37 (321.83) 7,494.34 9,890.55 15 Paid-up equity share capital 5,071.91 5,071.91 5.071.91 5,071 .91 5.071.91 5,071.91 5,071.91 5,071.91 5,071.91 5,071.91 5,071.91 5,071.91 Other Equity 1.27,333.00 1,21,656.63 Face value per share (Rs) 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 16 Earnings per equity share ': - Basic (Rs.) (1.1 5) 0.44 4.71 2.88 15.50 20.99 (2.49) (1.13) 4.10 (0.64) 15.25 19.65 - Diluted (Rs.) (1.1 5) 0.44 4.71 2.88 15.50 20.99 (2.49) (1.13) 4.10 (0.64) 15.25 19.65 .• EPS for the quarters are not annualised
Page 4
r' ,.1 r Statement of Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025 (Contd .. ) Notes: The above results for the quarter and nine months period ended December 31, 2025 as reviewed and recommended by the Audit committee of the Board, has been approved by the Board of Directors at its meeting held on February 11 , 2026. The statutory auditors of the company have expressed a modified conclusion on the Limited review. The Statement has been prepared in accordance with the recognition and measurement principles of the Companies Indian Accounting Standards rind AS") as prescribed under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time and other recognized accounting practices and policies generally acceptej in India, to the extent applicable. The Government of India has consolidated the multiple existing labour legislations into a unified frameworl< comprising of Labour Godes collectively referred to as New 'Labour Codes' which become effective from 21 Novemeber 2025. The company has reassessed the employee benefits obligations in accordance with the revised definition of wages. Accordingly, based on management assessment and actuarial valuation, an incrimentalliability on account of past service cost in accordance with IND AS19 'Employee Benefits' amounting to Rs. 711.271akhs has been shown under exceptional items in the Statement of Profit and Loss for the quarter and nine months ended December 31 , 2025 . Further in view of the relevant Rules yet to be notified, the company would continue to monitor developments relating to the implimentation of the New Labour Codes and will review its estimates and assumptions on an ongoing basis. 99,02,705 fully paid up Equity Shares of face value ~ 10/- each of the Company was allotted on 27th June 2023 by way of Qualified Institutional Placement (QIP) whereby proceeds of Rs.39180 Lakhs (Net of Share issue expenses) was raised. As on December 31 ,2025 the entire net Proceeds of Rs.39180 Lakhs was received by the Company under the QIP and the Statement of Net funds raised and its utilisation is furnished below : Statement of alP Net Funds raised and utilisation Total • Balance Amount as amount stated in the utilised amount as on Offer upto December 31, Particulars Document December 2025 kept in R emarks (Rs. in Lakhs) 31,2025 Fixed deposits (Revised) ( Rs. ln (Rs. In Lakhs) Lakhs) 1) Investment in OBPL (subsidiary) for setting up Jammu Manufacturing 13500 7,302 Facility 6198 2) RepaymenUprepayment, in full or in part, of certain outstanding 19546 19546 borrowings availed by the Company 3) Funding capital expenditure requirements for setting up a new block 36 36 at the API Facility of the Company in Alathur, Tamil Nadu 4) General corporate purposes # 6,372 6,372 Total 39454 33256 6198 #As per the QIP offer document the amount allocated for General Corporate Purpose (GCP) was ~ 6098 Lakhs which was baseo on the proposed net proceeds after issue expenses being ~ 39180 Lakhs. However, net proceeds transferred to Monitoring Account was ~ 39454 Lakhs as against the proposed Net Proceeds of ~ 39180 Lakhs, therefore the surplus amount of~ 274 Lakhs has been included in the GCP amount allocatedl utilized as on 31st December. 202E . The Allocation among the objects has been revised vide Shareholde~s resolution dated September 20, 2025 • Balance amount excludes the interest earned on the unutilized QIP funds kept in fixed deposits.
Page 5
.1 Statement of Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 20251Contd .. ) The operations of the Company falls under a single operating segment i.e., "Pharmaceuticals" in accordance with Ind AS 108 "Operating Segments" and hence no reporting as per Ind AS 108 is applicable. The Company has submitted a petition with the Hon'ble National Company law Tribunal, Chennai bench, for amalgamation of its Holding Company Dhanuka laboratones Limited !"the Amalgamating Company") with the Company in compliance with Section 230-232 and other relevant provisions of the Companies Act 2013. The scheme of amalgamation had been approved by Ihe Board of Directors of the respective Companies. Further, in compliance with the SEBI Listing Regulations and Master Circulars issued thereon, the Company has obtained Observation letter from the BSE Limited and National Stock Exchange of India Limited I"stock exchanges") giving No objection to the said amalgamation. The requisite approvals of the concerned shareholders and creditors, as directed by the Hon'ble NClT have been duly secured. Further, the Companies submitted the Joint Company Petition seeking approval on the Scheme of Amalgamation. Dunng the heanng held on February 04, 2026, Ollice of OfIicial Liquidator and Regional Director confinmed the submission of their respective reports. Pursuant thereto, the Hon'ble NCLT directed verification and adjoumed to the next heanng scheduled for March 02, 2026. Figures of the previous period have been regroupted/reciassified !restated wherever considered necessary Place: Gurugram Dale: February 11, 2026 Initiated for identification purposes For and on behalf of the Board ~ Manish Dhanuka Managing Director
Page 6
Singhi & Co.Chartered AccountantsUnit 11-D, 11thFloor, Ega Trade Centre, 809, Poonamallee High Road, Kilpauk, Chennai-600 010 IndiaPh: +91 44 42918459, E-mail :chennai@singhico.com Website : www.singhico.comQuarterly and Year to date Unaudited Standalone Financial Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (as amended)To the Board of Directors of Orchid Pharma Limited1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Orchid Pharma Limitedand nine months ended December 31, 2025Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.2. has been approved by theBoard of Directors, has been prepared in accordance with the recognition and th relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Our responsibility is to express a conclusion on the Statement based on our review.3. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results prepared in accordance with the applicable Indian Accounting Standardsunder section 133 of the CompaniesAct, 2013, read with relevant rules issued thereunder and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, including the manner in which it is to be disclosed, or that it contains any material mis-statement.Place: MumbaiDate: February 11, 2026For Singhi & Co.Chartered AccountantsFirm Regn. No. 302049ESudesh ChorariaPartnerMembership No.204936 UDIN:26204936VUGHHN1627
Page 7
Singhi & Co.Chartered AccountantsUnit 11-D, 11thFloor, Ega Trade Centre, 809, Poonamallee High Road, Kilpauk, Chennai-600 010 IndiaPh: +91 44 42918459, E-mail :chennai@singhico.com Website : www.singhico.comReview Report on the Quarter and Year to date Unaudited Consolidated Financial Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (as amended)To the Board of Directors of Orchid Pharma Limited1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results ofOrchid Pharma Limited(hereinafter referred to asthe Parent Company) and its subsidiaries ( the Parent Company and its Subsidiariesand its associate for the quarter and nine months ended December 31, 2025attached herewith being submitted by the Parent Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.2. This Statement, which is the responsibility of the Parenthas beenapproved by the ParentBoard of Directors, has been prepared in accordance with the relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Our responsibility is to issue a conclusion on these financial results based on the review.3. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, Review of Interim Financial issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.4. The Statement includes the results of the following entities: i) Orchid Pharmaceuticals Inc., USA ii) Bexel Pharmaceuticals Inc., USAiii) Diakron Pharmaceuticals, Inc. USAiv) Orchid Bio-Pharma Limitedv) Orchid Pharma Europe GmbH (w.e.f. 30thJuly 2025)The unaudited consolidated financial results also include the results of M/s Orbion Pharmaceuticals Private Limited, an associate company accounted under equity method.
Page 8
5.Basis for Qualified Conclusion:We draw attention to the following:a) The unaudited Consolidated financial results for the quarter and nine months ended December 31, 2025 include the financial results for the quarter and nine months ended December 31,2025 of the following subsidiary companies, accounted on a line by line consolidation method:i) Orchid Pharmaceuticals Inc., USA ii) Bexel Pharmaceuticals Inc., USAiii) Diakron Pharmaceuticals, Inc. USAWe did not review the interim financial results of the above subsidiaries whose financial information reflects, revenue from operations of Rs. Nil and Rs.Nil, net profit after tax of Rs.Niland Nil, total comprehensive income after tax of Rs. Nil and Rs. Nil for the quarter and nine months ended December 31, 2025 respectively as considered in the unaudited consolidated financial results. The financial information of the subsidiaries and associate are unaudited and have been furnished to us by the management and our conclusion on the unaudited consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of the subsidiaries and associate, is based solely on such unaudited financial results. Accordingly, we do not express any conclusion on the completeness and true and fair view of the financial results, including adjustments, if any, required on the carrying amount of assets and liabilities of the above subsidiaries and associate and foreign currency translation reserve as at December 31,2025 included in the unaudited consolidated financial results. This has also been qualified in the Limited Review reports of the earlier quarters and audit reports of the earlier years, audited by us.We conducted our audit in accordance with the Standards on Auditing (SAs), as specified under requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion. 6.Other matters:a) We did not review the financial information of 1 subsidiary (Other than the 3 subsidiaries stated in para 5 above) included in the statement, whose financial information reflects, revenue from operations of Rs.Nil and Rs.Nil, net profit after tax of Rs. (27.37) lakhs and Rs. (54.92) lakhs, total comprehensive income after tax of Rs. (27.37) lakhs and Rs. (54.92) lakhs for the quarter and nine months ended December 31, 2025 respectively as considered in this statement. These financial information have been reviewed by other auditors whose report have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of the above matter.b) We did not review the interim financial results of a subsidiary whose financial information reflects revenue from operations of Rs. Nil and Rs.Nil, net profit after tax of Rs.(129.52) lakhs and Rs.(209.89) lakhs, total comprehensive income after tax of Rs. (129.52) lakhs and Rs. (209.89)lakhs for the quarter and nine months ended December 31, 2025 respectively as considered in the unaudited consolidated financial results.
Page 9
46.71) Lakhs and Rs(165.64) Lakhs of the associate for the quarter and nine months ended December 31, 2025, as considered in the unaudited consolidated financial statements.The financial information of the above subsidiary and associate are unaudited and have been furnished to us by the management and our conclusion on the unaudited consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of the subsidiaries and associate, is based solely on such unaudited financial results. Our Conclusion is not modified in respect of the above matters.7. Based on our review conducted as above, except for the possible effects of the matters specified in Para 5 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.Place: MumbaiDate: February 11, 2026For Singhi & Co., Chartered Accountants Firm Regn. No. 302049ESudesh Choraria Partner Membership No.204936 UDIN: 26204936EEYSGE6927