Cipla Limited has announced the appointment of M/s BNP & Associates as the Secretarial Auditors for a term of five years, commencing from the conclusion of the 89th Annual General Meeting (AGM) until the conclusion of the 94th AGM. The appointment was approved by shareholders at the 89th AGM held on July 16, 2025.
| Particulars | Details |
|---|---|
| Name of the Firm | M/s BNP & Associates |
| Firm Registration No. | P2014MH037400 |
| Term | Five years (from the conclusion of 89th AGM to the conclusion of 94th AGM) |
| Effective Date | July 16, 2025 |
Detailed Analysis
The appointment of BNP & Associates follows the recommendation and approval by Cipla's shareholders, reinforcing the company's commitment to maintaining high standards of corporate governance and compliance. The decision was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Additional Context
M/s BNP & Associates, established in October 2014 by Mr. B Narasimhan, is a firm of Practicing Company Secretaries. The firm is registered with the ICSI and holds Peer Review Certificate no. 6316/2024. It has four partners, one associate partner, and 15 personnel in its executive team, including eight qualified Company Secretaries. The firm specializes in secretarial audits, corporate advisory services, transactional services, legal due diligence, and compliance management.
Market Impact
The appointment of a well-regarded firm like BNP & Associates as Secretarial Auditors is likely to be viewed positively by investors, as it underscores Cipla's focus on robust corporate governance practices. This move can enhance investor confidence and potentially have a favorable impact on the company's stock performance.
