Cipla Limited has announced that Mr. Sanjay Joseph, Head – API Business, will cease to be Senior Managerial Personnel (SMP) effective July 24, 2026. This decision results from a change in his reporting structure, as approved by the Board of Directors during its meeting on July 23, 2026.

The Board meeting, which commenced at 9:15 a.m. IST, concluded at 13:00 p.m. IST on the same day. The company stated that the necessary details regarding this change have been provided in Annexure A of the regulatory filing.

Details of the Change

The transition is categorized under a change in reporting rather than a resignation, removal, or death. The specific term of employment and brief profile were not disclosed as they were deemed not applicable to this specific cessation.

The disclosure was submitted to BSE Limited, National Stock Exchange of India Limited, and Societe de la Bourse de Luxembourg in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

Cipla Limited has appointed Mr. Dinesh Jain as its Global Chief Financial Officer and Key Managerial Personnel (KMP) effective July 24, 2026. The appointment follows the transition of Mr. Ashish Adukia, the former Global CFO, to an internal business leadership role within the company. This leadership change is intended to align the company's financial strategy with its broader business objectives.

The Board of Directors approved the transition and appointment during its meeting held on July 23, 2026. Consequently, Mr. Ashish Adukia ceased to be the Global Chief Financial Officer and KMP at the close of business hours on July 23, 2026. The board meeting commenced at 9:15 a.m. IST and concluded at 13:00 p.m. IST on the same day.

Mr. Dinesh Jain brings over three decades of experience to the role, having served as the Head – Corporate Finance at Cipla Limited prior to this elevation. His expertise spans strategic planning, corporate finance, accounting, taxation, treasury, financial planning and analysis (FP&A), and corporate governance. He has also led significant initiatives in mergers, amalgamations, and corporate restructuring.

The disclosure regarding the appointment was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The necessary details were provided in accordance with SEBI circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Mr. Jain is a qualified Chartered Accountant and a member of the Institute of Chartered Accountants of India. His extensive experience in business valuation, fundraising, due diligence, regulatory matters, and stakeholder management is expected to support the company's financial operations.