Founder's term as Executive Chairman ends; Non-Executive Director resigns; new CEO for Animal Health named

Board changes at the top.

Thu 1 Oct 2026

Executive Chairman Term End

Mr. Jai Hiremath's term as Executive Chairman ceased w.e.f. October 01, 2026

Chairman Emeritus Appointment

Mr. Jai Hiremath conferred honorary title of Chairman Emeritus for five years from October 01, 2026

Non-Executive Director Resignation

Mrs. Sugandha Hiremath resigned as Non-Executive Director from close of business on September 30, 2026

CEO Appointment

Mr. Anish Swadi appointed CEO–Animal Health and Specialty Ingredients w.e.f. October 01, 2026

Director Tenure

Mrs. Sugandha Hiremath served as Director since 1992

What the Board took on record

• The term of office of Mr. Jai Hiremath as Executive Chairman ceased with effect from October 01, 2026 (inclusive of the day). He is the founder of the Company and the Board noted his role across nearly four decades of leadership in shaping strategy, expanding operations and building customer relationships.
• Mrs. Sugandha Hiremath resigned as Non-Executive Director with effect from close of business hours on September 30, 2026, citing personal commitments, interests and other preoccupations. She confirmed there are no material reasons other than those stated. She has been a Director since 1992.
• Her resignation letter notes she also ceases to be a member of the Audit Committee, Stakeholders' Relationship Committee and Corporate Social Responsibility Committee from the same date.

Appointments approved

• On the recommendation of the Nomination and Remuneration Committee, the Board conferred the honorary position of "Chairman Emeritus" on Mr. Jai Hiremath for a period of five years with effect from October 01, 2026. The designation is meant to acknowledge his services and allow continued access to his counsel and mentorship on strategic and business matters. He will not be a Director, officer, Key Managerial Personnel or member of any Board Committee.
• Mr. Anish Swadi was appointed CEO–Animal Health and Specialty Ingredients, a Senior Management Position, with effect from October 01, 2026. He has been with the Company as Senior President – Business Transformation & Animal Health since October 01, 2021, and has worked on the Animal Health business and transformation initiatives. He majored in international business and finance from Ithaca College, New York.

How investors may read it

This is a leadership transition at the promoter-founder level together with the exit of a long-serving Non-Executive Director from the Board and three of its committees. Such changes can be viewed as a shift in board composition and governance roles. At the same time, the Company has elevated an internal executive to lead the Animal Health and Specialty Ingredients business, pointing to continuity in that segment.

Meeting details

• The Board meeting commenced at 11:30 a.m. and concluded at 01:12 p.m.

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