Nature of change: Re-appointment of Ms. Aditi Panandikar (DIN: 00179113) as Managing Director
Effective date and tenure: Re-appointment for 5 years commencing from 15th February, 2027 to 14th February, 2032, subject to shareholder approval at the 79th Annual General Meeting
Qualifications and experience: Pharmacy Graduate with Masters Degree in Pharmaceutical Administration from Ohio State University, USA. Over 30 years of experience in Domestic Marketing, HR, Technical (R&D, QA), and Business Development
Eligibility confirmation: Ms. Panandikar is not debarred from holding the office of director pursuant to any SEBI order or any other authority
Relationship with other directors: Daughter of Mr. Suresh G Kare, Chairman of the Company
Appointment of Senior Management Personnel
Nature of change: Appointment of Mr. Sudhir Kadam as Senior Management Personnel designated as Sr. Vice President (Human Capital)
Effective date: 28th July, 2026
Term of appointment: Full time employment
Qualifications and experience: Pharmacy Graduate with Masters Degree in Management Studies (Human Resources) from Sydenham Institute of Management Studies and Research, Mumbai University. Human Resource professional with 30 years' experience across HR value chain, including strategic HR, talent management, and leadership development in Pharma, Automotive, Farm Equipment, and Engineering industries
Board Meeting Details
Meeting date: 28th July, 2026
Meeting timing: Commenced at 10:45 a.m. and concluded at 11:45 a.m.
Approval authority: Based on recommendations of the Nomination and Remuneration Committee
Regulatory compliance: Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026
