Key Quantitative Figures

  • Monthly salary: ₹31.25 lakh (approximately) with annual increases
  • Performance-linked bonus/commission: ₹18.76 lakh per month (subject to ceiling of 1.5% of net profit)
  • FY26 remuneration drawn as Chief Manufacturing Officer: ₹7.94 crores
  • Perquisites and allowances limited to 100% of annual salary
  • Appointment term: 5 years (August 13, 2026 to August 12, 2031)

Dates of Action

  • Board meeting date: August 13, 2026
  • Cut-off date for voting eligibility: August 28, 2026
  • E-voting period: September 8, 2026 (10:00 AM IST) to October 7, 2026 (5:00 PM IST)
  • Result announcement: On or before October 9, 2026 (5:00 PM IST)
  • Resolution deemed passed: October 7, 2026

Parties Involved

  • Appointee: Mr. Rajeev Kumar Sinha (DIN: 02625404)
  • Scrutinizer: Mr. P.P. Zibi Jose, Practicing Company Secretary
  • E-voting service provider: NSDL
  • Registrar & Share Transfer Agent: KFin Technologies Limited
  • Depositories: NSDL and CDSL
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Limited

Purpose and Rationale

Mr. Rajeev Kumar Sinha joined the company on April 3, 2025 as Chief Manufacturing Officer and is currently designated as Chief Manufacturing & Sustainability Officer. He leads global manufacturing and sustainability teams, driving strategy, performance optimization, and deployment of Advanced Manufacturing Systems including AI/ML solutions. His appointment as Whole-time Director is based on his 36 years of experience with organizations like Cipla, Glenmark, PepsiCo, and Cadbury.

Terms and Conditions of Appointment

  • Designation: Whole-time Director & Chief Manufacturing & Sustainability Officer
  • Perquisites include: Accommodation/HRA, house maintenance allowance, furnishings reimbursement, medical reimbursement, insurance, LTC, club fees
  • Other benefits: Provident fund, superannuation fund, gratuity, car for company business, loans facilities
  • Communication facilities: Telephone, cellular phone, internet at residence
  • Office space at residence or convenient location with support facilities
  • Official travel for self and spouse during business trips
  • Minimum remuneration provisions in case of absence/inadequacy of profits as per Schedule V

Shareholder Voting Process

  • Remote e-voting only through NSDL platform
  • No physical ballot forms or hard copies sent
  • Shareholders must register/update email addresses with DP/RTA
  • Institutional shareholders must submit Board Resolution/Authority letter
  • Results will be displayed on company website and stock exchanges

Additional Information

  • Mr. Sinha holds no directorships in other companies
  • No shares held in the company (directly or beneficially)
  • No inter-se relationship with other Directors/KMPs
  • Required consents and undertakings (DIR-2, DIR-8) received
  • Shareholder notice received under Section 160 of Companies Act
  • Documents available for electronic inspection until result declaration