Sun Pharma Advanced Research Company Limited announced at the board meeting held on May 25, 2021 that the company approved Mr. Dilip Shanghvi expressed his desire to step down and tendered his resignation asthe Managing Director of the Company with immediate effect, which was accepted bythe Board as recommended by the Nomination & Remuneration Committee. Mr. DilipShanghvi will continue to be associated with the Board in his capacity as a non-executive director and Chairman of the Company.