Cipla Limited has announced key corporate decisions following its board meeting held on May 13, 2026. The company will convene its 90th Annual General Meeting on June 25, 2026. Additionally, the board approved new employee stock options, appointed M/s Joshi Apte & Associates as Cost Auditors for FY 2026-27, and announced the strategic appointment of Mr. Sushrut Kulkarni as President & Global Chief of Integrated Product Development.
Annual General Meeting Scheduled
The company has officially set the date for its 90th Annual General Meeting, which is scheduled to take place on Thursday, June 25, 2026.
Employee Benefit Initiatives
To incentivize and retain talent, the board has approved the grant of stock options and employee stock appreciation rights (ESARs). The grants are governed by the Employee Stock Option Scheme 2013-A and the Employee Stock Appreciation Rights Scheme 2021. The options carry an exercise price of INR 2 per unit, with vesting periods ranging from 1 to 3 years depending on the specific scheme.
Leadership and Audit Appointments
In a move to strengthen its operational leadership, Mr. Sushrut Kulkarni has been appointed as President & Global Chief – Integrated Product Development (IPD), effective May 18, 2026. Mr. Kulkarni brings three decades of industry experience to the management council. Furthermore, M/s Joshi Apte & Associates have been appointed as the Cost Auditors for the company for the financial year 2026-27.
Source: BSE
