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3rd July, 2026 (1) BSE Ltd. (2) National Stock Exchange of India Ltd. Listing Department, Listing Department, Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Dalal Street, Plot no. C/1, G Block, Mumbai - 400 001 Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Scrip Code: 500087 Scrip Code: CIPLA (3) SOCIETE DE LA BOURSE DE LUXEMBERG, Societe Anonyme, 35A Boulevard Joseph II, L-1840 Luxembourg Sub: Transcript of the 90th Annual General Meeting Dear Sir/Madam, Please find enclosed transcript of the 90th Annual General Meeting of the Company held on Thursday, 25th June, 2026, through video conferencing. This transcript is also being uploaded on the Company’s website at www.cipla.com. Kindly take the above information on record. Thanking you, Yours faithfully, For Cipla Limited Rajendra Chopra Company Secretary Encl: As above Prepared by: Simona Dsouza 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 TRANSCRIPT OF CIPLA LIMITED – 90TH ANNUAL GENERAL MEETING HELD AT 02:00 PM (IST) ON THURSDAY, 25TH JUNE, 2026, THROUGH VIDEO CONFERENCING Directors present: 1) Dr Y K Hamied – Non-Executive Chairman 2) Mr P R Ramesh – Vice-Chairman, Lead Independent Director and Chairman – Audit Committee 3) Mr Achin Gupta – Managing Director and Global Chief Executive Officer 4) Mr Abhijit Joshi – Non-Executive Director 5) Mr Adil Zainulbhai – Non-Executive Director 6) Dr Balram Bhargava – Independent Director and Chairman - Corporate Social Responsibility Committee 7) Mr Kamil Hamied - Non-Executive Director 8) Dr Mandar Vaidya – Independent Director and Chairman - Investment and Risk Management Committee and Stakeholders Relationship Committee 9) Ms Maya Hari - Independent Director and Chairperson – Nomination and Remuneration Committee 10) Ms Sharmila Paranjpe - Independent Director In attendance: 1) Mr Ashish Adukia – Global Chief Financial Officer 2) Mr Rajendra Chopra – Company Secretary 3) Mr Adi Sethna – Representative of Walker Chandiok & Co. LLP, Chartered Accountants, Statutory Auditors 4) Mr Avinash Bagul – Representative of BNP & Associates, Secretarial Auditors 5) Mr Ashish Thatte – Representative of M/s Joshi Apte & Associates, Cost Accountants, Cost Auditors 6) Ms Anshu Agarwal – Managing Partner, ANGC & Co. LLP, Practising Company Secretary, Scrutiniser for the purpose of remote e-voting and e-voting at the AGM 7) Ms Jas Sahib Singh Chadha – Representative of DNV Business Assurance India Private Limited, Assurance Provider for the Integrated Annual Report and the Business Responsibility and Sustainability Report Rajendra Chopra: Dear Shareholders, good afternoon and a very warm welcome to the 90th Annual General Meeting of Cipla Limited. This meeting is being conducted through video conference and as per the statutory requirements, the proceedings of the Annual General Meeting are being recorded. The recording along with the transcript will be uploaded on the website of the Company. For the smooth conduct of the meeting, all the shareholders have been kept on mute. The audio and video will be enabled during the Page 1 of 34 Q&A session for those shareholders who have registered themselves as speakers. Members who have not registered as speakers but wish to ask questions may do so by posting their queries in the chat box available on their screen. Dr Y. K. Hamied, our Chairman, will preside over the meeting. Mr P. R. Ramesh, Vice-Chairman, will assist the Chairman in the conduct of the proceedings. The requisite quorum is present, and the meeting is in order. I now invite Mr P. R. Ramesh to initiate the proceedings. P. R. Ramesh: Ladies and Gentlemen, good afternoon. It gives me immense pleasure to welcome you to the 90th Annual General Meeting of Cipla. Before I start the proceedings, let me introduce you to our Board members, management and auditors present with us today. At the very center of the screen, is our beloved Chairman, Dr Y. K. Hamied. Dr Hamied, would you like to wave to the shareholders? Right. Next to me is Dr Mandar Vaidya. He is an Independent Director and the Chairman of the Investment and Risk Management Committee and the Stakeholders Relationship Committee. Next to Dr Mandar Vaidya is Ms Maya Hari. She is an Independent Director and Chairperson of the Nomination and Remuneration Committee. Next to her is Mr Achin Gupta, Managing Director and Global Chief Executive Officer of the Company. Below Mr Achin Gupta in the screen, we have Mr Ashish Adukia, Global Chief Financial Officer. Below Mr Ashish Adukia, we have Mr Rajendra Chopra, Company Secretary, whom you have just seen earlier and on my very left, extreme left, we have Mr Kamil Hamied, Non-Executive Director of the Company. Below Mr Kamil Hamied, we have Mr Adil Zainulbhai he is a Non-Executive Director of the Company. Below Mr Adil Zainulbhai, we have Mr Abhijit Joshi, Non-Executive Director. Next to Mr Abhijit Joshi, we have Ms Sharmila Paranjpe she is an Independent Director of the Company and then we finally have Dr Balram Bhargava. He is an Independent Director and Chairman of the Corporate Social Responsibility Committee. We also have Mr Adi Sethna, representing Walker Chandiok & Co. LLP, as Statutory Auditors; Mr Avinash Bagul, Practicing Company Secretary, the Secretarial Auditor; Mr Ashish Thatte, representing Joshi Apte & Associates, the Cost Auditor; Mr Jas Sahib Singh Chadha, representing DNV Business Assurance India Private Limited, the Lead Verifier and Ms Anshu Agarwal, the Scrutiniser for the purpose of voting at the AGM. Rajendra, over to you! Rajendra Chopra: Thank you, Ramesh. This meeting is being conducted through video conference in accordance with the provisions of the Companies Act, 2013 and the circulars issued by the MCA and the SEBI. The proceedings of this Annual General Meeting are also being webcast live and can be viewed Page 2 of 34 using the details, which have been provided in the Notice of the Annual General Meeting. The Integrated Annual Report containing the Board’s report, the Auditor’s Report, the Financial Statements and other reports along with the Notice of this meeting have already been sent to the shareholders by e-mail at their registered e-mail address. I hope the shareholders have received the Annual Report. With your permission, I take the Annual Report as read. Since there are no qualifications, reservations, adverse remarks or disclaimers in the Statutory Auditor’s, and the Secretarial Auditor’s report for the year ended 31st March, 2026, I take the liberty and consider both the reports as read. In order to enable you to vote on the resolutions, we have provided a remote e-voting facility through NSDL. The remote e-voting commenced at 9 a.m. on Sunday, 21st June, 2026 and ended at 5 p.m. on Wednesday, 24th June, 2026. The voting rights were reckoned on the shares held by the members as on the cutoff date, i.e., 18th June, 2026. In case you have not exercised your voting rights through remote e-voting facility, I request you to do so now during the AGM. Since you have been provided e-voting facility, there will be no voting by show of hands at the meeting as per the statutory provisions. The statutory documents and reports as required to be placed at the AGM are open for inspection in the electronic mode. I now invite our Chairman, Dr Y. K. Hamied, to address to the shareholders and deliver his speech. Over to you Chairman! Y. K. Hamied: Dear Shareholders. Again, welcome to the 90th Annual General Meeting of your Company. We concluded another eventful year at Cipla, completing 90 years since our Founder, the late Dr K. A. Hamied, started the Company in 1935. If one has to reflect on the journey, one is reminded that the Cipla belief at that time was scientific progress must essentially serve society and humanity. This has been the guiding li [Showing first 8,000 characters — download PDF for full document]