Sun’s quarterly earnings commentary also gave a glimpse of how new-age cyber criminals can impact business.

Sun’s founder and managing director, Dilip Shanghvi, made an important reference to the issue noting that one of the reasons why the firm’s ANDA filing numbers are lower is also because of the ransomware attack that had occurred.

“So, since we were unable to retrieve the data of many of the products, it impacted our filing capability. So, as we are going back to normal, we should then be able to file those products,” Shanghvi said in response to an analyst’s query.

Earlier this year Sun said that it had been hit by a ransomware attack and shared some insights on the breach.(Also see "Ransomware Attacks: The State Of Play As Indian Firms Mount Defense" - Scrip, 30 March, 2023.)

The company, at the time, indicated that the incident’s effect on its IT systems includes a “breach of certain file systems and the theft of certain company and personal data”.

“As a result of these measures, the company’s business operations have been impacted. Consequently, revenues are expected to be reduced in some of our businesses,” Sun said in a filing with the Bombay Stock Exchange.

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