Sequent Scientific Limited has informed the Exchange about Investor Presentation
Proven Ability In Life Sciences
November 18, 2025
To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001
National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051
Scrip code: 512529
Scrip code: SEQUENT
Dear Sir/ Madam,
Subject: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
Ref: Composite scheme of amalgamation amongst Sequent Scientific Limited (“Company”), Symed Labs Limited, Vandana Life Sciences Private Limited, Appcure Labs Private Limited, Vindhya Pharma (India) Private Limited, S.V. Labs Private Limited, Vindhya Organics Private Limited, Viyash Life Sciences Private Limited, Geninn Life Sciences Private Limited, Sequent Research Limited and their respective shareholders and the creditors (“Scheme”)
With reference to the above, and in furtherance of our previous disclosures dated September 26, 2024, January 21, 2025, May 26, 2025, and August 30, 2025, we would like to inform you that the Hon’ble National Company Law Tribunal, Hyderabad Bench (“Hon’ble Tribunal”) has at the hearing held today i.e. November 18, 2025 allowed the petition and pronounced the order for sanctioning the Scheme.
A written order of the Hon’ble Tribunal sanctioning the Scheme (“Order”) is awaited and will be disclosed upon the Order becoming available on the website of the Hon’ble Tribunal.
The companies involved in the Scheme shall take necessary actions in accordance with the Scheme to make the Scheme effective. The Company shall inform the relevant dates under the Scheme, including the Effective Date 1 and Effective Date 2 (as defined in the Scheme) in due course for further public dissemination in accordance with applicable law and as and when the conditions for effectiveness are fulfilled. The Appointed Date of the Scheme is April 1, 2025.
Pursuant to the above, please find enclosed herewith Press Release and an updated version of the Investor Presentation shared by the Company.
Kindly take the same on record.
Thanking you,
Yours faithfully, For Sequent Scientific Limited
Yoshita Vora Company Secretary & Compliance Officer Encl: As above
Registered Office: 3rd Floor, Srivalli’s Corporate, Plot No. 290, SYN 33 34P TO 39, Guttala Begumpet, Jubilee Hills, Hyderabad - 500033, Telangana
Office: 301, 3rd Floor, Dosti Pinnacle, Plot No. E7, Road No. 22, Wagle Industrial Estate, Thane (W), Mumbai - 400604, Maharashtra
SeQuent Scientific Limited
Tel No.: +91 9391139986 / 22-4111 4777 I CIN: L99999TS1985PLC196357 Website: http://www.sequent.in I Email Id: investorrelations@sequent.in
Press Release
SeQuent Scientific and Viyash Lifesciences Receive NCLT Approval for Transformational Merger
• Combined Strengths Poised to Create a Global Animal Health Powerhouse • Q2 FY25–26: Combined Sales Up 16%, EBITDA Surges 76%, underscoring the
operational and strategic synergies emerging from the merger
Mumbai, 18 November 2025 : SeQuent Scientific Ltd. (“SeQuent”), a leading player in the global Animal Health industry, and Viyash Lifesciences Private Limited (“Viyash”), an integrated global pharmaceutical company, announced today that the National Company Law Tribunal (NCLT) has allowed the petition and approved the Scheme of merger between SeQuent and the Viyash group of companies. The NCLT approval marks the beginning of a new chapter for the combined entity, and represents a fundamental transformation to leapfrog into the next orbit of the global animal health market. The combined financial performance of the companies with aggregate H1FY26 revenues of INR 16.5bn and aggregate H1FY26 EBITDA of INR 3.2bn, with a Net Debt to EBITDA ratio of 0.7x, represents significant scale as the largest animal health player from India.
As highlighted earlier, the combined entity is aligned to capitalise on two major long-term industry opportunities:
1. Global, fast-growing Companion (Pet) Animal Health segment – The inherent growth in the market provides a large opportunity, driven by increased pet adoption and emerging treatments for Bone & Joint disease, Dermatitis, Diabetes, Cardiology and Oncology, similar to human pharmaceutical applications.
2. Genericization of Animal Health, which lags significantly behind Human Health – This provides a substantial opportunity for the combined company to leverage its technical strengths in APIs and Formulations. In addition, the advanced capabilities in R&D would help strengthen its fast- growing CDMO business.
This merger not only delivers the necessary scale and capabilities for accelerating organic growth in the Animal Health market, but also provides financial resilience, stability, and management bandwidth to rejuvenate SeQuent’s inorganic growth engine.
Dr. Haribabu Bodepudi, Founder and CEO, Viyash, said, “This merger creates the platform to deliver world-class solutions for our customers. With our strengths in R&D, custom development capabilities, manufacturing capacities, and a streamlined supply chain, we would emerge as an innovative and reliable partner for our customers across the world. Over the last few months, we have developed a comprehensive plan for integration which leverages synergies for growth and capability. The momentum reflected in our recent results is only the beginning”
Commenting on the merger, Mr. Rajaram Narayanan, Managing Director and CEO of SeQuent, said, “We are pleased to receive the approval from the Hon’ble NCLT, marking the start of a transformative journey for the combined entity. There are significant opportunities to provide relevant, differentiated and quality care for animals. With this merger, the Company will be uniquely positioned to build a world-class business and deliver on the requirements of pet owners, farmers and animal health professionals. Together, we are building a company that will set new benchmarks in quality, innovation, and customer trust.”
About SeQuent Scientific
SeQuent Scientific Limited (BSE: 512529, NSE: SEQUENT), headquartered in India, operates in the Animal Health market with a global footprint. SeQuent has seven manufacturing facilities based in India, Spain, Brazil and Turkey with approvals from international regulatory bodies, including USFDA, EUGMP, WHO, TGA, etc. SeQuent currently produces APIs and animal health formulations in over 100 countries and has more than 1,500 employees.
About Viyash Lifesciences
Viyash Lifesciences is an integrated end-to-end pharmaceutical company with a presence across niche formulations, APIs and advanced intermediates. Viyash has an R&D team of 200+ scientists and has 9 USFDA-approved plants, signifying strong R&D and manufacturing capabilities. Viyash serves customers across 150+ countries.
For further information, please contact:
Yoshita Vora Company Secretary SeQuent Scientific Limited Email: investorrelations@sequent.in
Janaki S Company Secretary Viyash Lifesciences Private Limited
Abhishek Singhal Investor Relations Consultant Email: abhishek@arunya.co.in
INVESTOR PRESENTATION Q2 FY26
S E Q U E N T S C I E N T I F I C L I M I T E D
18th Nov 2025
Steadfast commitment to improvement in business fundamentals
“The results of Q2 FY 25-26 and the first half FY 25-26 reinforce the transformational journey
undertaken by the company. Revenue, margins and profits have continued to show healthy
growth on the back of new product
introductions, superior product mix and cost
improvement programs. The merger with Viyash Life Sciences is almost concluded. We are
already seeing the benefits in manufacturing synergies, R&D programs and customer leads.
Viyash continues to deliver market beating performance in new filings, sales and margins.
The merged entity is now well positioned to build new revenue streams, in addition to
accelerating growth of existing businesses.”
Rajaram Narayanan Sequent Scientific Limited
Dr Hari Babu Bodepudi Viyash Life Sciences Limited
Q2FY26 Combined Performance
Q2 FY26 Performance Highlights
Revenues
EBITDA1
EBITDA margin
Net Debt to LTM EBITDA1
₹8,521 Million
₹1,890 Million
22.2%
0.7x
+16 % YoY
+76% YoY
+750 bps YoY
1.4x in Q2 FY25
Notes: 1. EBITDA for Viyash and SeQuent are adjusted for ESOP costs. 2. Financials presented are Pro forma financials (unaudited) for guidance on combined performance without incorporating any merger-related adjustments Source: Viyash Life Sciences website published Investor Presentation for Viyash numbers
4
Broad based revenue growth across all businesses
All values in ₹ Mn
Revenue Distribution
Q2 FY26
Q2 FY25
YoY Gr%
Q1 FY26
QnQ Gr%
H1 FY26
H1 FY25
YoY Gr%
Formulations
Europe
Emerging Markets
India
APIs
Other Sales
Global Sales
One Offs #
3,364
1,533
1,469
362
830
13
2,836
1,335
1,160
341
773
22
18.6%
14.8%
26.7%
6.2%
7.3%
(40.7%)
3,383
1,640
1,480
263
1,054
15
(0.5%)
(6.5%)
(0.7%)
37.8%
6,747
3,172
2,949
625
(21.3%)
1,884
5,837
2,910
2,342
585
1,697
15.6%
9.0%
25.9%
6.8%
11.0%
(10.3%)
28
64
(56.5%)
4,207
3,631
15.9%
4,451
(5.5%)
8,659
7,598
14.0%
Adjustment* - Ind AS 29*
Sequent Sales
Viyash Sales
Overall Sales
33
4,240
4,281
8,521
13
43
3,686
3,632
7,319
15.0%
17.8%
16.4%
(56)
19
4,414
3,527
7,941
-56
51
8,654
7,808
-74
64
7,589
7,032
(3.9%)
21.4%
7.3%
16,462
14,621
*Adjustment on account of hyperinflation in Turkey as per Ind AS 29
# Provision for customer claim on shipments in prior years
Note: Financials presented are Pro forma financials (unaudited) for guidance on combined performance without incorporating any merger-related adjustments
14.0%
11.0%
12.6%
5
H1 FY26 Performance Highlights
Revenues
EBITDA1
EBITDA margin
All values in ₹ Mn
Net Debt to LTM EBITDA1
₹16,462 Million
₹3,180 Million
19.3%
0.7x
+12.6 % YoY
+48% YoY
+460 bps YoY
1.4x in H1 FY25
Notes: 1. EBITDA for Viyash and SeQuent are adjusted for ESOP costs 2. Financials presented are Pro forma financials (unaudited) for guidance on combined performance without incorporating any merger-related adjustments Source: Viyash Life Sciences website published Investor Presentation for Viyash numbers
6
Combined P&L Snapshot
Note: Financials presented are Pro forma financials (unaudited) for guidance on combined performance without incorporating any merger-related adjustments 1. Exceptional Items include cost of accelerated vesting for share warrants, call option charge, merger expenses (Viyash) and one-time contractual bonus payable to Viyash management (Viyash) 2. PAT adjusted for Amortization of acquisition intangibles and Minority 3.Adjusted for ESOP costs Source: Viyash Life Sciences website published Investor Presentation for Viyash numbers
7
Combined Balance Sheet Snapshot
Particulars
Shareholders' Funds Minority Interest Net Debt Other Non current Liabilities Total Liabilities Tangible Assets Intangible Assets Goodwill Working Capital Other Non current Asset Net assets held for Sale Total Assets
All values in ₹ Mn
Combined As of 30 Sep 2025 26,146 1,674 4,095 2,362 34,276 11,930 1,485 8,303 9,672 2,609 277 34,276
Key Ratios
Combined
Net Debt to Equity Net Debt to EBITDA RoCE ex Goodwill (%) RoE ex-Goodwill (%)
0.2x 0.7x 13% 13%
Note: Financials presented are Pro forma financials (unaudited) for guidance on combined performance without incorporating any merger-related adjustments 1. Exceptional Items include cost of accelerated vesting for share warrants, call option charge, merger expenses (Viyash) and one-time contractual bonus payable to Viyash management (Viyash) 2. PAT adjusted for Amortization of acquisition intangibles and Exceptional Items (net of tax) 3.Adjusted for ESOP costs Source: Viyash Life Sciences website published Investor Presentation for Viyash numbers
8
Merger Update
Merger – Process Update
Merger process status update
• NCLT approval order reserved on Oct 31, 2025;
order pronounced on Nov 18, 2025
• Focus on synergy realization for next 12 months
10
Synergy Update
In advanced stages
11
New production block commissioned in record time
New production block created in short time to improve capacity, productivity and cost of Sequent products
One large volume Sequent API validated & filing under progress
12
Business Update - Sequent
SeQuent: Q2FY26 Business Performance
All values in ₹ Mn
Formulations
Europe: Significant growth in Spain with good exports performance
Emerging Markets:
Launched Tulaject in Brazil & received MA for Mexico market R&D infrastructure expanded
India: Business beginning to accelerate as field team expansion ramps up
Business momentum continues, ~7% YoY growth
Launched a product for the US market
API
Completed successful audits for a large customers with no critical
observations
SRL USFDA audit completed – EIR awaited
1,000+ FDFs
90+ Countries
5 Manufacturing Facilities
35 APIs
50+ Countries
2 Manufacturing facilities
Business Update - Viyash
Viyash: Q2 FY26 Key growth drivers
New products launches
Focus on CDMO business
Improved product mix
Network optimisation for better efficiencies
Backward and Forward integration
16
Key updates from Q2 FY26
Facility Inspections
4 Regulatory Audits 56 Customer audits 1 US FDA EIR
Regulatory Approvals
Launches
2APIs: (USDMF-1 ; EDQM-1
2 FDFs (US) 2 APIs
Products Filed
Validations Completed
R&D Pipeline
9 Filings – SFDA(3), EDQM (1) TGA (1), EDMF (2), WHO (1), TW (1) FDFs -Nil
Source: Viyash Life Sciences website published Investor Presentation
3 APIs
16+ Products
17
For details, feel free to contact:
Yoshita Vora
Company Secretary
+91 22 4111 4777
investorrelations@sequent.in
Abhishek Singhal
Investor Relations Consultant
abhishek@arunya.co.in
Registered Office: 3rd Floor, Srivalli’s Corporate, Plot No. 290, SYN 33 34P TO 39,
Guttala Begumpet, Jubilee Hills, Shaikpet, Hyderabad-500033, Telangana
Websites: www.sequent.in, www.alivira.co | CIN: L99999TS1985PLC196357 | BSE Code:512529 | NSE: SEQUENT
ISIN: INE807F01027
Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. SeQuent Scientific Ltd. will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
18
Thank You