Meeting Details

The 90th Annual General Meeting ('AGM') of Cipla Limited was held on Thursday, 25th June, 2026, commencing at 2:00 p.m. IST and concluding at 4:48 p.m. IST. The meeting was conducted entirely through Video Conferencing ('VC') in compliance with the Companies Act, 2013 and various circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI. A webcast facility was also provided to members as required by SEBI LODR Regulations.

Proposed Resolutions and Implications

Six resolutions were put forth for shareholder approval through e-voting:

Ordinary Business:

  • Resolution 1: To receive, consider and adopt the audited standalone financial statements for FY26 and reports of Board of Directors and Statutory Auditor
  • Resolution 2: To receive, consider and adopt the audited consolidated financial statements for FY26 and report of Statutory Auditor
  • Resolution 3: To declare dividend on equity shares
  • Resolution 4: To re-appoint Mr Adil Zainulbhai as a director liable to retire by rotation
  • Resolution 5: To appoint M/s B S R & Co. LLP, Chartered Accountants as Statutory Auditors and fix their remuneration

Special Business:

  • Resolution 6: To ratify remuneration of M/s Joshi Apte & Associates, Cost Auditors, for FY27

Voting Process and Methods

The e-voting facility commenced at 9:00 a.m. IST on Sunday, 21st June, 2026 and ended at 5:00 p.m. IST on Wednesday, 24th June, 2026. Voting rights were reckoned based on shares held as of the cut-off date of Thursday, 18th June, 2026. Additionally, e-voting facility during the AGM was made available for members who had not exercised their vote through the pre-meeting e-voting facility, remaining open up to 30 minutes from the conclusion of the meeting.

Key Voting Outcomes

According to the Scrutiniser's Report received, all six resolutions set out in the Notice were passed by requisite majority. The specific vote counts and percentages were not detailed in this summary document.

Scrutiniser's Role and Findings

Ms Anshu Agarwal, Managing Partner of ANGC & Co. LLP, Practising Company Secretary, was appointed as Scrutiniser for both the remote e-voting process and the e-voting conducted during the AGM. Her report confirmed the passage of all resolutions by requisite majority.

Compliance Confirmation

The Company Secretary, Mr Rajendra Chopra, confirmed compliance with applicable laws and regulations including:

  • The meeting was conducted in accordance with provisions of the Companies Act, 2013
  • Compliance with various circulars issued by MCA and SEBI
  • Statutory documents and reports required to be placed at the AGM were available for electronic inspection
  • The Statutory Auditor's and Secretarial Auditor's reports for FY26 contained no qualifications, observations, comments or remarks

Attendees and Participants

Directors Present:

  • Dr Y K Hamied, Non-Executive Chairman
  • Mr P R Ramesh, Vice-Chairman, Lead Independent Director and Chairman Audit Committee
  • Mr Achin Gupta, Managing Director and Global Chief Executive Officer
  • Mr Abhijit Joshi, Non-Executive Director
  • Mr Adil Zainulbhai, Non-Executive Director
  • Dr Balram Bhargava, Independent Director and Chairman Corporate Social Responsibility Committee
  • Mr Kamil Hamied, Non-Executive Director
  • Dr Mandar Vaidya, Independent Director and Chairman Investment and Risk Management Committee and Stakeholders Relationship Committee
  • Ms Maya Hari, Independent Director and Chairperson Nomination and Remuneration Committee
  • Ms Sharmila Paranjpe, Independent Director

In Attendance:

  • Mr Ashish Adukia, Global Chief Financial Officer
  • Mr Rajendra Chopra, Company Secretary
  • Mr Adi Sethna, Representative of Walker Chandiok & Co. LLP, Chartered Accountants, Statutory Auditors
  • Mr Avinash Bagul, Representative of BNP & Associates, Secretarial Auditors
  • Mr Ashish Thatte, Representative of M/s Joshi Apte & Associates, Cost Accountants, Cost Auditors
  • Ms Anshu Agarwal, Managing Partner, ANGC & Co. LLP, Practising Company Secretary, Scrutiniser
  • Ms Jas Sahib Singh Chadha, Representative of DNV Business Assurance India Private Limited, Assurance Provider

Members Present: 92 members attended the meeting through video conference.

Meeting Proceedings

Dr Y K Hamied, Chairman presided over the meeting with Mr P R Ramesh, Vice Chairman assisting in conduct of proceedings. The Chairman delivered his speech highlighting Cipla's 90-year journey, philosophy of 'Caring for Life', and the company's performance. Mr Achin Gupta, Managing Director and Global CEO, presented on business performance including FY26 financial highlights (Revenue: ₹28,163 Cr, EBITDA: ₹5,925 Cr with 21.0% margin, PAT: ₹3,879 Cr with 13.8% margin), performance across key markets, quality initiatives, ESG achievements, CSR initiatives, awards, and Cipla's strategic vision 2031. Members asked questions on strategy, financial performance, product pipeline, ESG, AI, R&D, in-licensing deals, partner products, and geopolitical impacts, which were answered by management.