New CFO appointed; API business to move into new wholly owned subsidiary
RPGLIFE · price
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The board appointed Mr. Amol Lone, a chartered accountant with over 20 years of finance experience, as the new Chief Financial Officer effective December 15, 2025. It also approved setting up a new wholly owned subsidiary, RPG Active Pharma Limited, and transferring its active pharmaceutical ingredients (API) business to it as a going concern for about Rs 50 crore. The API business contributed Rs 90.24 crore or about 13.8 percent of FY25 turnover. The company plans to invest up to Rs 105 crore in the new unit in one or more tranches.
Restructuring is internal at book value, broadly neutral for shareholders. New CFO brings two decades of finance experience.