Key Management Change
Mr. Rachid Ayari (DIN: 10408699), Whole Time Director, Chief Financial Officer and Key Managerial Personnel of Sanofi India Limited, has resigned from all his positions with the company.
Effective Date of Cessation
The resignation takes effect from the close of business hours on 30th September 2026.
Reason for Resignation
Mr. Ayari is stepping down due to his transition to another role within the Sanofi group, as stated in his resignation letter dated 22nd July 2026. He confirmed there are no other material reasons for his resignation apart from pursuing other professional opportunities within the Sanofi Group.
Positions Vacated
Effective 30th September 2026, Mr. Ayari will cease to be:
- Whole Time Director
- Chief Financial Officer
- Key Managerial Personnel
- Senior Management Personnel
- Member of the Risk Management Committee
Company Response and Next Steps
The Company has placed on record its appreciation for Mr. Ayari's valuable contributions, expert guidance, and dedicated assistance during his tenure.
Sanofi India Limited is currently in the process of identifying a suitable candidate for the position of Chief Financial Officer, who will also be designated as a Key Managerial Personnel. The Company will inform the Stock Exchanges of the appointment in due course.
Documentation
Annexure-I contains the regulatory information as required under Schedule III, and Annexure-II contains the resignation letter received from Mr. Rachid Ayari.
Filing Details
- Filed with: BSE Limited (Scrip Code: 500674) and National Stock Exchange of India Limited (Symbol: SANOFI)
- Filing Date: 23rd July 2026