Change in Director / Key Managerial Personnel
Nature of change: Cessation of Senior Managerial Personnel (SMP) status due to change in reporting structure.
Name and DIN of the individual: Mr. Sanjay Joseph, Head – API Business. [DIN not disclosed in the filing]
Effective date and tenure: The cessation is effective from 24th July, 2026. The term of employment is noted as "Not applicable" in the annexure.
Brief profile and relevant qualifications: Not provided in the disclosure, as this is a cessation event rather than an appointment.
Confirmation of eligibility: The disclosure confirms compliance with SEBI Listing Regulations and specifically references SEBI circular no. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated 30th January, 2026.
Relationship with other directors: Not disclosed in the filing.
Previous KMP: Mr. Sanjay Joseph was previously designated as Head – API Business and was classified as a Senior Managerial Personnel (SMP). His role has changed resulting in cessation of SMP status.
Key Financial or Operational Approvals
The Board of Directors at its meeting held on 23rd July, 2026 approved the change in reporting of Mr. Sanjay Joseph, Head – API Business. This organizational change resulted in his cessation as a Senior Managerial Personnel (SMP). No specific financial approvals, capital expenditures, debt, or equity-related decisions are mentioned in this disclosure.
Strategic or Business Context
The disclosure does not contain any commentary on business outlook, risks, trends, or macro/micro developments. The change appears to be an internal organizational restructuring within the API (Active Pharmaceutical Ingredients) business unit.
Any Other Material Information
Regulatory compliance: The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All required details as per SEBI circular no. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated 30th January, 2026 have been provided in Annexure A.
Board meeting details: The meeting commenced at 9:15 a.m. (IST) and concluded at 13:00 p.m. (IST) on 23rd July, 2026.
Company representatives: The disclosure is signed by Mr. Rajendra Chopra, Company Secretary, and prepared by Mr. Pavankumar Yadav.
Stock exchange notifications: The disclosure was submitted to BSE Limited (Scrip Code: 500087), National Stock Exchange of India Limited (Scrip Symbol: CIPLA), and SOCIETE DE LA BOURSE DE LUXEMBOURG.