Samina Hamid resigns as executive vice president of Cipla. Details here

“…Sameena Hamid has decided to step down from the post of Executive Vice President of the company, while she will continue as Non-Executive Director and will retire on rotation basis. The board has accepted the above letter in its meeting held today, the company said in a regulatory filing on Thursday.

Cipla VC is a representative of the third generation of the promoter family. She is the daughter of non-executive vice-chairman MK Hamid and niece of non-executive chairman YK Hamid. Sameena also thanked both of them in her letter to the board.

“A decade ago he believed that Cipla needed a dynamic and proactive next generation promoter to drive and strengthen the company as we built a world-class leadership team, entered new areas and started new businesses. Did. Today as I resign from my executive position, I am proud to say that Cipla is strong and resilient and ready for the future,” she wrote.

The development came as Cipla reported a 32.25% rise in its profit. 1,068.41 crore in the third quarter. The company had earned a consolidated profit of It was Rs 807.83 crore in the year-ago period. Its consolidated revenue from operations in the quarter under review was Rs 6,603.81 crore – up 13.66%.

The company had earned a consolidated profit of It was Rs 807.83 crore in the year-ago period. Cipla’s total income in the third quarter was 14.58% more, Rs 6,788.44 crore. During the quarter, its revenue from pharmaceuticals was While the revenue from new ventures was Rs 6,365.06 crore 280.51 crore.

(with inputs from agencies)

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Published: Jan 27, 2024, 12:31 pm IST