Cipla Ltd reappoints Ms. Samina Hamied and Ms Naina Lal Kidwai as directors

Based on the recommendation of Nomination and Remuneration Committee, the Board of Directors of the Company, at its meeting held on 15th May 2020, has considered and approved re-appointment of Ms. Samina Hamied (DIN: 00027923), Whole Time Director designated as Executive Vice Chairperson of the Company pursuant to end of her current term for a period of five (5) years w.e.f. 10th July 2020 to 9th July 2025 (both days inclusive) subject to approval of the shareholders of the Company.

The board also recommended to the shareholders re-appointment of Ms. Naina Lal Kidwai (DIN: 00017806), Independent Director pursuant to end of her current term for a period of five (5) years w.e.f. 6th November 2020 to 5th November 2025 (both days inclusive).

Ms. Samina Hamied is the Executive Vice-Chairperson of the Company and represents the third generation of Cipla's founding family. Ms. Samina Hamied is a MSc in International Accounting and Finance from the London School of Economics and Political Science. An alumna of the London School of Economics, she has in the past worked in UK and the US with the leading global firm Goldman Sachs before joining the Cipla leadership team in 2011. Ms. Samina Hamied joined the Company in the year 2011 as a member of management team. In the year 2013, she was designated as the "Head Strategic Projects - Cipla New Ventures". She was appointed as an Executive Director of the Company w.e.f. 10th July 2015 and subsequently she was elevated as the Executive Vice-Chairperson of the Company, w.e.f. 1st September 2016. She has been instrumental in driving the Company's current transformation agenda. She has played a key role in successfully incubating and shaping Cipla Health Limited, spearheaded Cipla's ambitious foray into the US market with strategic acquisitions.

Ms. Samina Hamied has built a top-class leadership pipeline for the Company as it continues to spread its wings globally. As Executive ViceChairperson, Ms. Samina Hamied focuses on board and governance issues, in addition to furthering Cipla's strategic priorities through key global partnerships, corporate culture, hiring the right talent, and public advocacy. Recognised as the promoter face of Cipla, Samina has been feted for her diverse work experience and business knowledge. In 2017, she received the 'Most Powerful Women in Business' award from Business Today. In 2018, Forbes named Ms. Samina Hamied among the top 25 emergent women business leaders in Asia and for 2 consecutive years 2018 and 2019, Fortune India named her among the most powerful women in business.

Ms Naina Lal Kidwai is an Independent Non-Executive Director of the Company. An MBA from Harvard Business School, she has made regular appearance in listings by Fortune and others of international women in business. A recipient of many awards and honours in India, she was awarded the Padma Shri by the Government of India for her contribution to Trade and Industry. She has authored 3 books, "Survive or Sink - An Action Agenda for Sanitation, Water, Pollution and Green Finance", "Contemporary Banking in India" and "30 Women in Power: Their Voices, Their Stories."

She possesses rich experience in the areas of banking and finance. She has been a past president of FICCI, is one of the Government of India's representatives on the BRICs Business Council and the INDO-ASEAN Business Council, the Rajasthan Chief Minister's Economic transformation Advisory Council, the investment advisory committee of the Army Group Insurance Fund and on the Governing Board of Lady Shriram College and Harvard Business School South Asia Advisory Board.

Shares of CIPLA LTD. was last trading in BSE at Rs.570.2 as compared to the previous close of Rs. 569.6. The total number of shares traded during the day was 360013 in over 8314 trades.

The stock hit an intraday high of Rs. 585 and intraday low of 565.9. The net turnover during the day was Rs. 206554749.

Source : Equity Bulls

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