Zydus Wellness Limited Appoints Independent Director, Recommends Final Dividend of ₹1.20 Per Share
Zydus Wellness Limited, in a meeting held on May 18, 2026, approved key corporate actions, including the appointment of a new Independent Director and the recommendation of a Final Dividend for its shareholders.The Board of Directors approved the appointment of Mr. Apurva S. Diwanji (DIN: 00032072) as an Additional Director (Non-Executive & Independent Director) of the Company. His tenure spans five years, effective from May 18, 2026, until May 17, 2031, and he will not be liable to retire by rotation.
Mr. Diwanji holds a Master of Arts in Law from Downing College, Cambridge University, UK, and a Bachelor of Arts (Economics) from St. Xavier's College, Mumbai. He has significant experience in mergers and acquisitions, private equity, and joint ventures. His advisory work covers various corporate matters, including competition laws, FDI, FEMA issues, and SEBI guidelines. Currently, he serves as an Independent Director for Torrent Power Limited, Bajaj Life Insurance Limited, Bajaj General Insurance Limited, and TUV India Private Limited. Prior to this appointment, he was an Independent Director at Zydus Lifesciences Limited until May 12, 2026.
Dividend Declaration and Annual General Meeting
The Board also recommended a Final Dividend of ₹ 1.20 per equity share. This dividend represents 60% of the face value of the equity share, which stands at ₹ 2.The company scheduled the following key dates related to the dividend payout and the Annual General Meeting (AGM):
| Event | Date | Details |
|---|---|---|
| Record Date | Friday, July 17, 2026 | To determine the list of members entitled to receive the Final Dividend for the Financial Year ended March 31, 2026. |
| AGM Date | Tuesday, August 4, 2026 | The Thirty Second Annual General Meeting. |
| Dividend Payment Date | On or after Friday, August 7, 2026 | Payment of the dividend, subject to applicable tax at source and member approval. |
The Thirty Second AGM of Zydus Wellness Limited is scheduled to take place on Tuesday, August 4, 2026, at 10:00 a.m. (IST), to be conducted via Video Conference or other Audio Visual Means.
ZYDUSWELL Stock Price Movement
As of 1:48 PM, shares of Zydus Wellness Limited are slipping by 0.88% in live trading, currently at ₹497.75. The stock has been highly active in the session, with 657,574 shares traded so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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