Syngene International Limited declared a final dividend of ₹1.25 per equity share for the financial year ended March 31, 2026, during its 33rd Annual General Meeting (AGM) held on July 29, 2026. The meeting, conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM), also approved significant changes to the Board of Directors and the appointment of a new statutory auditor, marking a transition in the company’s governance structure for the upcoming fiscal period.

The AGM commenced at 3:31 pm (IST) with 117 members present. The proceedings were overseen by Ms. Kiran Mazumdar-Shaw, Executive Chairperson, and Mr. Siddharth Mittal, Managing Director and Chief Executive Officer. In compliance with the Companies Act, 2013 and SEBI Listing Regulations, the company facilitated remote e-voting from July 24, 2026, to July 28, 2026, allowing shareholders to cast their votes on all nine resolutions proposed.

Key Resolutions Approved

The ordinary business items included the adoption of the audited standalone and consolidated financial statements for FY26. Alongside the financial statements, the Board recommended the final dividend payout. The special business agenda focused on board composition and auditor appointments.

Governance and Leadership Changes

A notable shift occurred in the audit function, with M/S S.R. Batliboi & Associates LLP (ICAI Firm Registration Number: 101049W/E300004) appointed as the Statutory Auditors, succeeding B S R & Co. LLP. Mr. Ankit Mittal, Partner at S.R. Batliboi & Associates LLP, attended the meeting as the incoming auditor.

The Board composition was updated with the appointment of Dr. Vijaya Chandru and Dr. Arun Chandavarkar as Independent Directors. Ms. Vinita Bali was recommended for appointment as a Non-Executive Director. Professor Catherine Rosenberg, who retired by rotation, was reappointed as a director. The remuneration payable to Mr. Siddharth Mittal in his capacity as Managing Director and CEO was also approved by the shareholders.

Analytical Observation

The simultaneous appointment of two new Independent Directors and a change in statutory auditors suggests a strategic refresh of the company’s oversight mechanisms. This aligns with regulatory expectations for enhanced corporate governance in listed entities. The declaration of a consistent final dividend of ₹1.25 per share, despite the transition in audit firms, signals management’s confidence in the company’s cash flow stability and commitment to shareholder returns for FY26.

Syngene International has accepted the resignation of Kush Parmar as an Independent Director on its Board, effective from the close of business hours on July 29, 2026. The change follows Parmar’s decision to step down due to increasing commitments in the United States and his inability to devote sufficient time to the company while residing outside India. Consequently, Parmar will also cease to be a member of the Risk Management Committee and the Science and Technology Committee.

The Board placed the resignation on record pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III. The disclosure was made to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE). The company confirmed that there are no other material reasons for the resignation beyond those stated in Parmar’s letter.

Resignation Details

Kush Parmar, identified by DIN 09212020, tendered his resignation citing personal professional constraints. His address is listed as 230 Dudley Rd., Newton, MA 02459, USA. The resignation was accepted by the Board on July 29, 2026.

Regulatory Compliance

The disclosure aligns with SEBI Master Circular no. SEBI/HO/49/14/14(7)2025-CFD-PoD2/I/3762/2026 dated January 30, 2026. Under Para A(7B) of Part A of Schedule III of the SEBI Listing Regulations, Parmar confirmed that he holds no directorships in other listed entities at the time of his resignation. He further affirmed that there are no undisclosed material reasons for his departure.

The Board expressed appreciation for Parmar’s contributions, independent judgment, and commitment during his tenure. The full details of the resignation, including the letter of resignation, have been made available on the company’s website.