PPLPHARMANSEPiramal Pharma LimitedMediumNeutral
Announced Tue, 28 Apr · 21:23 IST

Piramal Pharma Limited has informed the Exchange regarding Change in Director(s) of the company.

Kmp ResignedManagement Changes View source PDF

PPLPHARMA · price

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Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹164.85
prior close
₹163.25
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AI summary

Piramal Pharma's board approved FY26 audited financial results (standalone and consolidated) with an unmodified auditor opinion from Suresh Surana & Associates LLP. Four directors were re-appointed: Chairperson Nandini Piramal and CEO Peter DeYoung as Executive Directors for 3 more years, and Independent Directors Sridhar Gorthi and Peter Stevenson for a second 5-year term. Mr. Maneesh Sharma was appointed as the new Company Secretary and Compliance Officer from April 29, 2026, replacing interim CS Ms. Pratibha Mishra. The registered office address is being updated effective April 30, 2026. On a standalone basis, FY26 revenue fell about 9.5% to Rs 4,782 crore while net profit edged up to Rs 700 crore (EPS Rs 5.28). On a consolidated basis, the company swung to a net loss of Rs 326 crore versus a Rs 91 crore profit last year, mainly due to Rs 196 crore of exceptional items including a Rs 65.57 crore impairment charge and Rs 26.94 crore impact from new Labour Codes.

Likely market impact

The consolidated loss and revenue contraction could pressure the stock in the short term, though standalone profitability and a clean audit opinion provide some comfort. Leadership continuity is preserved, with promoter family member Nandini Piramal and existing CEO Peter DeYoung staying in their roles, reducing governance uncertainty.