NSEResignation23 Jul 2026 · 23 Jul 2026, 10:39 am
Resignation
Sanofi India Limited · SANOFI
✦ AI SummaryMgmt Change
Sanofi India Limited has announced the resignation of Mr. Rachid Ayari as Whole Time Director and Chief Financial Officer, effective September 30, 2026, due to his transition to another role within the Sanofi group.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10
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Full Announcement
Sanofi India Limited has informed the Exchange regarding Resignation of Mr Rachid Ayari as Whole Time Director and Chief Financial Officer of the Company w.e.f. September 30, 2026.
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23rd July 2026
The Secretary, The Secretary,
BSE Limited The National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Bandra-Kurla
Dalal Street, Mumbai 400 001 Complex, Bandra East, Mumbai 400 051
Scrip Code: 500674 Symbol: SANOFI
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (the “Listing Regulations”)
Dear Sir/ Madam,
Pursuant to Regulation 30 of the Listing Regulations, we would like to inform you that
Mr. Rachid Ayari (DIN:10408699) vide his letter dated 22nd July 2026, had conveyed his
decision to step down from his current role as the Whole Time Director, Chief Financial Officer
and Key Managerial Personnel of the Company with effect from the close of business hours
on 30th September 2026, in view of his transition to another role within the Sanofi group.
Accordingly, Mr. Rachid Ayari shall cease to be the Whole Time Director, Chief Financial
Officer, Key Managerial Personnel and shall also cease to be Senior Management Personnel
and member of the Risk Management Committee effective from the close of business hours
on 30th September 2026.
The Company places on record its sincere appreciation to Mr. Rachid Ayari for his valuable
contributions, expert guidance, and dedicated assistance provided during his tenure with the
Company.
The Company is in the process of identifying a suitable candidate for the position of Chief
Financial Officer, who will also be designated as a Key Managerial Personnel. The Company
will inform the Stock Exchanges of the appointment in due course.
The information required in terms of Regulation 30 read with Schedule III of the Listing
Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026
dated 30th January 2026 is enclosed as ‘Annexure-I’ and letter received from
Mr. Rachid Ayari is enclosed as ‘Annexure – II’.
Thanking you,
Yours faithfully,
For Sanofi India Limited
Haresh Vala
Company Secretary and Compliance Officer
Membership No.: A18246
Encl: a/a
Sanofi India Limited, Sanofi House, CTS No. 117-B, L&T Business Park, Saki Vihar Road, Powai, Mumbai 400 072 - India - Tel.: +91(22) 2803 2000 - Fax: +91(22) 2803 2939
Corporate Identity Number: L24239MH1956PLC009794 Website: www.sanofiindialtd.com | www.sanofi.in Email: igrc.sil@sanofi.com
Annexure – I
Information as required under Regulation 30 read with Schedule III of the Listing
Regulations
Particulars Details
Mr. Rachid Ayari, Whole Time Director, Chief
Financial Officer and Key Managerial Personnel of
Reason for change viz.
the Company, will step down from his current role,
appointment, re-
1. with effect from the close of business hours on
appointment, resignation,
30th September 2026 in view of his transition to
removal, death or otherwise;
another role within the Sanofi group.
Date of appointment / re-
appointment / cessation (as With effect from the close of business hours on
applicable) & term of 30th September 2026
appointment;
Brief profile (in case of
3. Not Applicable
appointment)
Disclosure of relationships
4. between directors (in case of Not Applicable
appointment of a director)
Sanofi India Limited, Sanofi House, CTS No. 117-B, L&T Business Park, Saki Vihar Road, Powai, Mumbai 400 072 - India - Tel.: +91(22) 2803 2000 - Fax: +91(22) 2803 2939
Corporate Identity Number: L24239MH1956PLC009794 Website: www.sanofiindialtd.com | www.sanofi.in Email: igrc.sil@sanofi.com
Annexure – II
22nd July 2026
The Board of Directors