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Kalyani may face tough Hikal board re-election
![IndiaTimes]()
Saturday, 23 December 2023
Baba Kalyani's reappointment as a director at Hikal is uncertain due to an ownership dispute and his upcoming 75th birthday. His sister, Sugandha Hiremath, who owns 35% of Hikal, is expected to vote against his reappointment. Shareholder advisory firms have differing opinions on the matter. Institutional and retail investors' stands are yet to be seen. Baba's continuation on the board remains doubtful, which would end his 31-year association with the company. His son and associate remain on the board. The dispute revolves around a family arrangement and share transfer clause.
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Saturday, 23 December 2023
