Novartis India Ltd — Important, 29-07-2026: Company Update

Novartis India's board has acknowledged the completion of the Open Offer and the sale of 17,450,680 equity shares from Novartis AG to WaveRise Investments Limited and ChrysCapital Fund X. As a result, Novartis AG is no longer the promoter or in control, reclassified to the public category, with WaveRise and ChrysCapital Fund X now holding control. This ownership transition led to the resignation of six directors, and the appointment of six new additional directors, including three non-executive non-independent and three independent members, to reflect the new leadership.