1. Senior Management Appointment
The Board approved the appointment of Mr. Shivam Puri as Chief Executive Officer – One India Business and a member of the Management Council, designated as a Senior Management Personnel of the Company. This appointment is effective from July 1, 2026.
Details of Mr. Shivam Puri:
- Currently serves as Managing Director and Chief Executive Officer of Cipla Health Limited (a wholly-owned subsidiary of Cipla Limited)
- Terms of appointment: Full-time employment
- Professional background: Over 23 years of leadership experience across FMCG and healthcare sectors
- Previously held senior leadership roles at Hindustan Unilever Limited, Jubilant FoodWorks Limited, and ITC Limited
- Educational qualifications: B.Tech from IT-BHU, Varanasi (BHU) and MBA from IIM Lucknow
- At Cipla Health since 2019, where he transformed the business from a startup venture into one of India's leading fast-moving wellness goods companies
2. Stock Option and ESAR Grants
The company granted stock-based compensation under two schemes:
Employee Stock Option Scheme 2013-A (ESOS 2013-A):
- Type: Stock options
- Number granted: 11,360 options
- Vesting period: 2 years from the grant date
- Exercise period: 5 years from vesting date
- Exercise price: INR 2 per stock option
Employee Stock Appreciation Rights Scheme 2021 (ESAR 2021):
- Type: Employee Stock Appreciation Rights (ESARs)
- Number granted: 51,394 ESARs
- Vesting: 3 years graded vesting
- Exercise period: 5 years from vesting date
- Exercise price: INR 2 per equity share
The disclosure was filed with BSE Limited, National Stock Exchange of India Limited, and Societe De La Bourse De Luxembourg.