Section A – KMP Resignation Details
Name of Resigning KMP: Mr. Nitin Agrawal
Designation: Chief Financial Officer & Key Managerial Personnel
Reason for Resignation: To pursue new professional opportunities that align more closely with long-term professional and personal growth.
Effective Date of Resignation: 30th September, 2026
Date of Resignation Letter: 30th July, 2026
Duration in Role: Not Specified
Board’s Acknowledgment / Statement: Not Specified
Replacement Appointed: Not Specified
Regulatory Compliance Statement: Disclosure made under Regulation 30(2) of SEBI LODR Regulations, read with SEBI Master Circular bearing No. HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026. Full compliance with disclosure requirements including Annexure I details and enclosed resignation letter (Annexure II).
Delay in Disclosure: Not Specified
Section B – Additional Observations or Disclosures
Transition & Internal Role Reallocations: Mr. Agrawal remains fully committed to supporting management in ensuring a seamless handover of all ongoing strategic initiatives and will serve through 30 September 2026.
Strategic Initiatives Mentioned in Resignation Letter: Mr. Agrawal highlighted his involvement in several key strategic mandates during his tenure:
- Building the MedTech business from the ground up
- Acquisition of Adroit
- Creation of Alkem Wellness
- Formation of the Saudi joint venture
- Acquisition of Bombay Ortho
- Liquidation of idle assets including the Indore SEZ plant
- Enhancement of rate of returns on treasury income
- Implementation of new UCPMP marketing guidelines in the domestic market
- Leading the acquisition of Occlutech (most recent)
Successor Appointments: Not Specified
Section C – Financial & Governance Disclosures
Audited Financial Results: Not Specified
Auditor’s Report Summary: Not Specified
Dividends / Capital Changes / Buybacks: Not Specified
Board / Committee Updates or Key Appointments: Not Specified
Company Details:
- Date of Disclosure: 24th September, 2026
- Compliance Officer: Manish Narang, President – Legal, Company Secretary & Compliance Officer