BSECompany Update6h ago · 23 Jul 2026, 01:17 pm
Please find enclosed the disclosure relating to the change in CFO.
Cipla Ltd · 500087
✦ AI SummaryMgmt Change
Cipla Ltd has announced the transition of Mr. Ashish Adukia as Global Chief Financial Officer to an internal business leadership role, and the appointment of Mr. Dinesh Jain as the new Global Chief Financial Officer. Mr. Adukia will relinquish his position effective from 23rd July, 2026, and Mr. Jain will take over on 24th July, 2026.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Cipla Ltd - 500087 - Announcement under Regulation 30 (LODR)-Change in Management
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23rd July, 2026
(1) BSE Limited (2) National Stock Exchange of India Limited
Listing Department Listing Department
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor,
Dalal Street, Plot no. C/1, G Block, Bandra Kurla Complex,
Mumbai - 400 001 Bandra (East), Mumbai - 400 051
Scrip Code: 500087 Scrip Symbol: CIPLA
(3) SOCIETE DE LA BOURSE DE LUXEMBOURG
Societe Anonyme
35A Boulevard Joseph II,
L-1840 Luxembourg
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulation, 2015 (‘SEBI Listing Regulation’)
Dear Sir/Madam,
Pursuant to the Regulation 30 of the SEBI Listing Regulations, we hereby inform that the Board of Directors of
the Company, at its meeting held on 23rd July, 2026, has inter-alia approved the following:
• Transition of Mr. Ashish Adukia, Global Chief Financial Officer, to internal business leadership role.
Consequent to such transition, Mr. Ashish Adukia has relinquished the position as the Global Chief Financial
Officer and Key Managerial Personnel (KMP) of the Company with effect from close of business hours of
23rd July, 2026.
• Appointment of Mr. Dinesh Jain, Chief – Corporate Finance, as Global Chief Financial Officer and KMP with
effect from 24th July, 2026.
The details required under the SEBI Listing Regulations, read with the SEBI circular no. HO/49/14/14(7)2025-
CFD-POD2/I/3762/2026 dated 30th January, 2026 have been provided in Annexure A.
The Board meeting of the Company which commenced today at 9:15 a.m. (IST) has concluded at 13:00 p.m.
(IST).
Kindly take the above information on record.
Thanking you,
Yours faithfully,
For Cipla Limited
Rajendra Chopra
Company Secretary
Prepared by: Pavankumar Yadav
Cipla Ltd.
Regd. Office - Cipla House, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai-400 013, India
P +91 22 41916000 W www.cipla.com E-mail contactus@cipla.com Corporate Identity Number L24239MH1935PLC002380
Annexure A
Name Mr Ashish Adukia Mr. Dinesh Jain
Reason for change viz. Pursuant to transition of Appointment of Mr. Dinesh Jain as Global
appointment, Mr. Ashish Adukia, Global Chief Chief Financial Officer and Key Managerial
resignation, removal, Financial Officer, to internal Personnel of the Company w.e.f. 24th July,
death or otherwise
business leadership role, he will 2026.
Date of appointment / cease to be Global Chief Financial
cessation
Officer and Key Managerial
(as applicable)
Personnel of the Company w.e.f.
close of business hours of 23rd July,
2026.
Term of employment Not applicable Full-time employment
Brief profile (in case of Not applicable Mr. Dinesh Jain is a seasoned finance leader
appointment) with over three decades of experience in
strategic planning and corporate finance,
including accounting, taxation, treasury,
FP&A, business finance and corporate
governance. He has played a key role in
leading merger, amalgamation and
corporate restructuring initiatives and has
extensive experience in business valuation,
fundraising, due diligence, regulatory
matters and stakeholder management.
He currently serves as Head – Corporate
Finance at Cipla Limited and is a qualified
Chartered Accountant and member of the
Institute of Chartered Accountants of India.
Disclosure of relationships Not applicable Not applicable
between directors (in case
of appointment of a
director)
Cipla Ltd.
Regd. Office - Cipla House, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai-400 013, India
P +91 22 41916000 W www.cipla.com E-mail contactus@cipla.com Corporate Identity Number L24239MH1935PLC002380