Change in Director / Key Managerial Personnel

Nature of Change: Appointment of Additional Director (Non-Executive, Independent)

Appointment Details:

  • Name: Mr. Akhil Gupta
  • DIN: 00028728
  • Effective Date: November 03, 2026
  • Term: Five consecutive years from November 03, 2026 to November 02, 2031
  • Status: Subject to approval of Members of the Company

Professional Profile and Qualifications:

  • Qualified Chartered Accountant with over four decades of professional experience
  • Completed Advanced Management Program from Harvard Business School at Harvard University, Boston, Massachusetts
  • Former Vice Chairman of Bharti Enterprises Limited, playing pivotal role in Bharti's growth from inception both organically and through acquisitions

Current Directorships:

  • Non-Executive Independent Chairman of 360 ONE WAM Limited
  • Non-Executive Independent Chairman of Coforge Limited
  • Non-Executive Independent Chairman of Valuedrive Technologies Limited
  • Independent Director on the Board of Lodha Developers Limited
  • Independent Director on the Board of Zepto Limited
  • Nominee Director of Acevector Limited

Professional Roles and Affiliations:

  • President of the Telecom Sector Skill Council
  • Ex-Chairman of Digital Infrastructure Providers Association
  • Member of CII National Committee on Telecom & Broadband
  • Member of CII Task Force on Insolvency and Bankruptcy
  • Former member of Advisory Committee on Service Providers of Insolvency and Bankruptcy Board of India
  • Former member of Sub Committee of Insolvency Law Committee, Government of India
  • Chairman of Inversion Advisory Services, advising companies in infrastructure, renewable energy, automobiles, tourism, consulate services and footwear

Awards and Recognitions:

  • Tele.Net Outstanding Contribution to Infrastructure and Telecom Development Award
  • Lifetime Achievement Awards from ET Telecom, Voice & Data, ICAI and Amity University
  • EY Entrepreneur of the Year Award (Entrepreneur CEO)
  • CA Global Achiever, CA Business Achiever and CEO of the Year awards
  • Asia Corporate Dealmaker Award
  • Multiple CNBC-TV18 Best CFO Awards
  • Induction into the CFO India Hall of Fame

Relationship Disclosure:

  • Mr. Akhil Gupta is not related to any of the Directors or Key Managerial Personnel or the Promoters of the Company

Regulatory Compliance:

  • Confirmed not debarred from holding office of Director by virtue of any order passed by SEBI or any other authority
  • Appointment based on recommendation of Nomination and Remuneration Committee
  • Board approval received on November 03, 2026

Board Meeting Details:

  • Meeting held on Tuesday, November 03, 2026
  • Commenced at 07:30 p.m. (IST)
  • Concluded on November 04, 2026 at 12:25 a.m. (IST)

Strategic or Business Context

Chairperson Statement: Manju D Gupta, Chairperson of Lupin, stated: "We are delighted to welcome Akhil to the Lupin Board. He brings a rare combination of strategic perspective, financial acumen, governance experience, and a proven track record of building businesses at scale. His counsel will be valuable as Lupin continues to strengthen its global position and pursue its next phase of growth."

Company Background: Lupin Limited is a global pharmaceutical leader headquartered in Mumbai, India with presence across India, the U.S., Other Developed Markets, and Emerging Markets, distributing products in over 100 markets. The company has a diversified portfolio spanning generics, complex generics, specialty medicines, and biosimilars, with leadership in cardiovascular, respiratory, diabetes, gastrointestinal, and women's health therapeutic areas. Lupin operates 15 manufacturing facilities, 6 research centers, and employs over 26,000 professionals.