Granules India (GRAN.NS) issued a warning on Thursday regarding a huge loss in revenue and profitability as a result of a cyber security incident the pharmaceutical firm experienced in the latter part of May.
The IT security breach caused a considerable disruption in its business operations because of extensive adjustments to its IT infrastructure, the manufacturer of paracetamol claimed in an exchange filing.
Granules India disclosed the information security incident on May 25 and added that the affected IT assets have been contained.
The company reported that it has now been able to get production up to levels that were close to normal, but it also noted backlogs and delays in getting materials cleared for quality system approvals before shipping the goods.
LockBit, a ransomware gang linked to Russia, has claimed responsibility for a hack on Indian pharmaceutical giant Granules India and uploaded some of the data it allegedly stole.
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