{
  "id": 9147157,
  "title": "Hikal shareholders to vote on Sameer Hiremath’s elevation amid family ownership dispute",
  "url": "https://urgent.news/2026/09/22/hikal-shareholders-to-vote-on-sameer-hiremaths-elevation-amid-family",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-22T13:44:53.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/09/hikal-shareholders-sameer-hiremath-elevation-family-ownership-dispute"
  },
  "original_language": "en",
  "account": "Hikal Ltd shareholders will vote on September 23 to appoint Sameer Hiremath as chairman and managing director for a five-year term starting October 1. This appointment adds to the ongoing family ownership dispute between the Hiremath and Kalyani families. The Hiremath family holds nearly 35% of Hikal, while the Kalyani and BF Investment sides hold about 34%. Proxy advisers have taken opposing stances on Hiremath's elevation, with InGovern recommending against the appointment and IiAS and SES recommending support. Hikal is a pharmaceuticals and crop protection contract development and manufacturing company with equal stakes between the two families, making the voting outcome potentially significant. The leadership transition follows a challenging financial year for Hikal, which reported a net loss of Rs 49 crore in FY26 compared to a profit of Rs 91 crore the previous year.",
  "summary": "At Hikal’s AGM on September 23, shareholders will vote on Sameer Hiremath’s five-year term as CMD. The Hiremath and Kalyani sides hold nearly identical 34% stakes, while proxy advisers are split over the move.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}