Amit Kalyani Re-Appointed to Hikal Board Amidst Family Dispute

Amit Kalyani, part of the Kalyani family, is back on the board of Hikal, a pharmaceutical company.

This happened because shareholders, representing almost everyone, voted for him to return.

The vote took place at the company's yearly meeting.

This is interesting because the Kalyani and Hiremath families, who own big parts of the company, are arguing over who should be in charge.

Even though there's a family fight, the Hiremath family voted to keep things going smoothly for Hikal.

Two different groups that advise shareholders gave different opinions on whether to support him or not.

Amit Kalyani has been a director since 2012 but isn't involved in the daily running of the company.