Novartis India Limited announced that at its board meeting held on January 25, 2024, Mr. Sanjay Murdeshwar, Vice Chairman and Managing Director of the company, vide his letter dated January 25, 2024, has tendered his resignation as Director and employee of the company with effect from close of business hours of April 02, 2024. The Board of Directors of the company at its meeting held on January 25, 2024 has accepted his resignation and placed on record their appreciation for the contribution made by him during his tenure. Mr. Sanjay Murdeshwar, Vice Chairman and Managing Director, vide his letter dated January 25, 2024, tendered his resignation citing aspirations for achieving different personal and professional goals which have evolved over time.

Mr. Sanjay Murdeshwar formally resign from the position of Vice-Chairman and Managing Director of the company.