Archive · 21 Sep 2026
Proxy Advisers Back Sameer Hiremath’s Five-Year Hikal CMD Appointment
Two shareholder-advice groups support Sameer Hiremath becoming Hikal’s Chairman and Managing Director.
Shareholders will vote on the proposal at the company’s annual meeting on September 23.
If approved, he would serve for five years beginning October 1, 2026.
Jai Hiremath is expected to leave his role as Executive Chairperson at that time.
The advisers said Sameer’s long experience at Hikal could help keep the company’s leadership steady.
They also supported the pay proposed for him, although one adviser said Hikal should be careful about payouts.
The advisers backed a final dividend of ₹0.40 per share.
Hikal has already paid an interim dividend of ₹0.20 per share.
Institutional Investor Advisory Services and Stakeholders Empowerment Services recommended shareholder approval of Sameer Hiremath’s appointment as Hikal’s Chairman and Managing Director.
The proposed five-year appointment is scheduled for consideration at Hikal’s 38th Annual General Meeting on September 23.
Hiremath is expected to assume the role from October 1, 2026, after Jai Hiremath steps down as Executive Chairperson.
Institutional Investor Advisory Services supported annual remuneration estimated at ₹12.9 million, compared with ₹13.4 million in FY26, while urging judicious payouts.
Both advisers supported Hikal’s proposed ₹0.40 final dividend, in addition to the ₹0.20 interim dividend already paid.
- Who
- Sameer Hiremath, Hikal shareholders, and proxy advisers Institutional Investor Advisory Services and Stakeholders Empowerment Services.
- What
- Shareholders are being asked to approve Sameer Hiremath’s five-year appointment as Hikal’s Chairman and Managing Director.
- When
- The vote is scheduled for September 23, with the appointment proposed to begin on October 1, 2026.
- Where
- At Hikal’s 38th Annual General Meeting; the article is datelined Mumbai.
- Why
- The advisers cited Hiremath’s nearly three decades of experience at Hikal, institutional knowledge, business expertise, and the need for leadership continuity.
- Proposed role
- Chairman and Managing Director of Hikal
- Proposed term
- Five years from October 1, 2026
- Shareholder meeting
- Hikal’s 38th Annual General Meeting on September 23
- Proposed annual remuneration
- Approximately ₹12.9 million
- Previous remuneration
- ₹13.4 million in FY26
- Proposed final dividend
- ₹0.40 per share
- Interim dividend already paid
- ₹0.20 per share