Lupin Limited Appoints Anand Kripalu as Independent Director Through Postal Ballot
Lupin Limited successfully appointed Mr. Anand Kripalu as Independent Director through postal ballot on February 13, 2026, with 96.53% approval from 90.17% shareholder participation. The special resolution received unanimous promoter support and strong backing from institutional investors, demonstrating confidence in the board appointment.
*this image is generated using AI for illustrative purposes only.
Lupin Limited has successfully appointed Mr. Anand Kripalu as an Independent Director following the completion of its postal ballot process on February 13, 2026. The pharmaceutical company announced that the special resolution for his appointment received requisite majority approval from shareholders.
Postal Ballot Results Overview
The postal ballot process demonstrated strong shareholder participation and support for the appointment. The voting results showed comprehensive engagement across all shareholder categories.
| Parameter: | Details |
|---|---|
| Total Shares Outstanding: | 456,798,806 |
| Total Votes Polled: | 411,905,910 |
| Participation Rate: | 90.17% |
| Votes in Favor: | 397,634,636 |
| Votes Against: | 14,271,274 |
| Approval Rate: | 96.53% |
Category-wise Voting Pattern
The voting pattern revealed unanimous support from promoters and strong backing from institutional investors. Promoter and Promoter Group shareholders, holding 214,212,684 shares, voted with 100.00% participation and complete support for the resolution.
| Category: | Shares Held | Votes Polled | Participation (%) | In Favor (%) | Against (%) |
|---|---|---|---|---|---|
| Promoter Group: | 214,212,684 | 214,212,684 | 100.00 | 100.00 | 0.00 |
| Public Institutions: | 215,348,255 | 196,956,088 | 91.46 | 92.76 | 7.24 |
| Public Non-Institutions: | 27,237,867 | 737,138 | 2.71 | 99.59 | 0.41 |
Public Institutions showed significant participation at 91.46% with 92.76% voting in favor, while Public Non-Institutions had lower participation at 2.71% but demonstrated strong support with 99.59% favorable votes.
Process and Timeline
The postal ballot process was conducted entirely through remote e-voting, following regulatory guidelines and MCA circulars. The company appointed National Securities Depository Limited (NSDL) as the e-voting service provider.
Key Timeline:
- Postal Ballot Notice Date: January 06, 2026
- Cut-off Date: January 09, 2026
- E-voting Period: January 15, 2026 (9:00 AM) to February 13, 2026 (5:00 PM)
- Total Shareholders on Record: 293,698
Scrutinizer Appointment and Validation
Saurabh Agarwal (Membership No. F9290) from Makarand M. Joshi & Co., Practicing Company Secretaries, served as the appointed Scrutinizer for the postal ballot process. The scrutinizer confirmed that no invalid votes were recorded and all procedural requirements under the Companies Act, 2013 were fulfilled.
The resolution was classified as a Special Resolution requiring higher approval thresholds, which was comfortably achieved with the overwhelming shareholder support. The appointment strengthens Lupin's board composition with independent directorship expertise.
Historical Stock Returns for Lupin
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.53% | -0.87% | +0.50% | +13.14% | +8.60% | +108.86% |
