Proxy Advisers Back Sameer Hiremath For Hikal CMD Role

Proxy advisory firms Institutional Investor Advisory Services (IiAS) and Stakeholders Empowerment Services (SES) have recommended that Hikal shareholders approve Sameer Hiremath's appointment as Chairman and Managing Director. The proposal will be put to vote at Hikal's 38th Annual General Meeting on September 23, with Hiremath's five-year term set to begin October 1, 2026.

Both advisers cited Hiremath's nearly three decades with Hikal, his board presence since 1999, and institutional knowledge spanning strategy, business development, manufacturing and operations. Current Executive Chairperson Jai Hiremath will step down from October 1, making Sameer the sole executive representative of the Hiremath promoter faction.

IiAS also backed the proposed remuneration of ₹12.9 million annually and supported Hikal's FY2025-26 dividend resolution. The appointment follows a July 2026 Supreme Court decision to send the broader Kalyani-Hiremath dispute for mediation.