Cipla's ESG rating slips after subsidiary's product recall

Cipla Limited announced on September 12, 2025, that NSE Sustainability Ratings & Analytics Limited, a SEBI registered ESG Rating Provider, revised its ESG rating for FY 2023–24 from 65 to 64. This adjustment follows a voluntary product recall initiated by Cipla USA Inc., a wholly owned subsidiary of Cipla Limited, in July 2025.

The company shared this information with regulatory bodies including BSE Limited, the National Stock Exchange of India Limited, and SOCIETE DE LA BOURSE DE LUXEMBOURG, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Cipla received the communication regarding the ESG rating revision from NSE Sustainability on September 11, 2025. Cipla confirmed its adherence to the SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, in disclosing this development. Rajendra Chopra, company secretary, signed the announcement for Cipla Limited.