Zydus Wellness Limited has informed the Exchange regarding Change in Director(s) of the company.
ZYDUSWELL · price
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Zydus Wellness Limited's Board has approved the appointment of Mr. Apurva S. Diwanji as an Additional Director (Non-Executive & Independent Director) for a 5-year term from May 18, 2026 to May 17, 2031. The appointment is subject to member approval via special resolution. Mr. Diwanji is a senior legal professional with over 32 years at Desai & Diwanji, specializing in M&A, private equity, and corporate governance. He currently serves as Independent Director at Torrent Power Limited, Bajaj Life Insurance Limited, and Bajaj General Insurance Limited. He was previously an Independent Director at Zydus Lifesciences Limited until May 12, 2026. The Board also recommended a final dividend of ₹1.20 per equity share (60% on ₹2 face value), with record date July 17, 2026, and payment on or after August 7, 2026. The 32nd AGM is scheduled for August 4, 2026.
The appointment of a seasoned M&A and corporate governance expert strengthens the Board's independent oversight. The dividend of ₹1.20 per share represents a 60% payout, indicating healthy cash generation.