Zydus Wellness Limited has disclosed the appointment of Mr. Apurva S. Diwanji (DIN: 00032072) as an Independent Director of the Company under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Dates and Term
- The Board of Directors initially approved the appointment on May 18, 2026, subject to shareholder approval
- Shareholders approved the appointment via special resolution at the AGM on August 4, 2026
- The term of appointment is 5 years, effective from May 18, 2026 to May 17, 2031
- Mr. Diwanji will not be liable to retire by rotation
Remuneration
Mr. Diwanji will be entitled to receive sitting fees for attending Board and committee meetings, and commission as may be decided by the Board of Directors.
Director Profile and Qualifications
Mr. Apurva S. Diwanji holds a Master of Arts in Law from Downing College, Cambridge University, UK and a Bachelor of Arts (Economics) from St. Xavier's College, Mumbai. He has over 32 years of experience with Desai & Diwanji, specializing in:
- Mergers and acquisitions
- Private equity and joint ventures
- Transnational and cross-border transactions
- Corporate governance issues
- Transaction structuring
- Competition laws, FDI and FEMA issues
- SEBI guidelines
Current Directorships
Mr. Diwanji currently serves as:
- Independent Director of Torrent Power Limited
- Independent Director of Bajaj Life Insurance Limited
- Independent Director of Bajaj General Insurance Limited
- Independent Director of TUV India Private Limited
- Non-Executive Director of the Bombay Chamber of Commerce and Industry
- Trustee of Shree Shree Anandamayee Sangha and Vedmata Gayatri Trust
Previous Directorship
Until May 12, 2026, he was an independent Director on Zydus Lifesciences Limited.
Relationship Disclosure
Mr. Diwanji is not related to any Director of the Company.
Financial Impact
No specific financial impact quantified in the disclosure. Remuneration will be determined by the Board.