Fire at Panacea Biotec subsidiary's oncology lab in Baddi; ops disrupted 5-7 days
PANACEABIO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
A fire broke out on April 30, 2026 at 12:23 PM due to a short circuit at the Oncology Quality Control Lab of Panacea Biotec Pharma Ltd (PBPL), a wholly owned subsidiary, in Baddi, Himachal Pradesh. The fire was controlled by the internal team. Operations are temporarily disrupted for an estimated 5-7 days. No casualties or injuries. The facility is adequately insured and the insurer has been informed. Loss/damage is being assessed. The company said the incident is unlikely to have a material impact on financials.
Short-term disruption to oncology QC ops for 5-7 days; insured, no material financial impact expected. Watch loss assessment updates.