Cipla Appoints Former Castrol India CFO Rashmi Joshi as Independent Director for Five Years
Mumbai: Cipla Limited has appointed Rashmi Joshi as an additional independent director for a five-year term, effective October 27, 2026, subject to approval by the company's shareholders. The appointment was approved by the company's Board of Directors at its meeting held on October 27, 2026.
Joshi’s term will run from October 27, 2026, to October 26, 2031, both dates inclusive, subject to shareholder approval. Her Director Identification Number (DIN) is 06641898.
Joshi is a qualified Chartered Accountant and Company Secretary with more than three decades of professional experience across multinational organisations in the fast-moving consumer goods (FMCG), consumer durables, pharmaceutical and lubricants sectors. She has held leadership positions in India, the Asia-Pacific region and the Middle East, including regional and global roles.
Her areas of experience include corporate governance, risk management, financial strategy and board governance. She previously served as Executive Director and Chief Financial Officer of Castrol India Limited. She has also served on the boards of Godrej Industries Limited, Thirdware Solution Limited and Castrol Philippines.
Joshi currently serves on the boards of GE Vernova T&D India Limited, Bharat Forge Limited, Vesuvius India Limited, Orkla India Limited, Rallis India Limited, Elevate Campuses Limited, Rhea Healthcare Private Limited and Ciel Textile Limited, Mauritius.
The company stated that there were no relationships between directors to disclose in connection with her appointment. It also confirmed that Joshi is not debarred from holding the office of a director by any order of the Securities and Exchange Board of India (SEBI) or any other relevant authority, as required under the applicable stock exchange circulars.
The appointment was approved at the Board meeting held on October 27, 2026. Cipla Limited is headquartered at Cipla House, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai, Maharashtra.
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