Alembic Ltd — Capital/Financing Update 2019

Aug 14, 2019

National Stock Exchange of India Limited Exchange Plaza Plot No. C/1, G Block Sandra Kurla Complex Sandra (East), Mumbai 400 051. NSE Scrip Code: ALEMBICL TD

~Limited

Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001. BSE Scrip Code: 506235

Dear Sirs,

Re: Revision of Record date for the purpose of discharge of consideration pursuant to Clause 5 of the Composite Scheme of Arrangement between Alembic Limited and Shreno Limited and Nirayu Private Limited and their respective shareholders ('Scheme')

Ref: Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations").

In continuation to our intimation dated 13th August, 2019 fixing the Record Date and in line with the communication and direction received from BSE Limited vide their email dated 14th August, 2019, we would like to inform that the Record Date has been revised and now fixed as 27th August, 2019.

In consideration of the transfer and vesting of the Demerged Undertaking 1 (as defined in the Scheme) of Alembic Limited to Shreno Limited in terms of Clause 5 of the Scheme, the Equity Shareholders of Alembic Limited whose names appear in the Register of Members and records of the depositories as members of Alembic Limited as on the Record Date i.e. 27th August, 2019 will be entitled for the following (based on their respective eligibility):.

• Allotment of 1 (one) fully paid up 7% Non-Convertible Cumulative Redeemable Preference Shares of Rs. 2/- each at a premium of Rs. 14.50/- per share of Shreno Limited for every 1 (one) fully paid up equity share of Rs. 2/- each held in Alembic Limited.

Important note for shareholders resident outside India/ non-resident shareholders:

In case, if approval is received from Reserve Bank of India, then shareholders of Alembic Limited whose names appear in the Register of Members and records of the depositories as members of Alembic Limited as on the Record Date i.e. 27th August, 2019 will be entitled for allotment of 1 (one) fully paid up 7% Non-Convertible Cumulative Redeemable Preference Shares of Rs. 2/- each at a premium of Rs. 14.50/- per share of Shreno Limited for every 1 (one) fully paid up equity share of Rs. 2/- each held in Alembic Limited. If approval from Reserve Bank of India is not received for allotment of shares, then Shreno Limited shall by way of bank remittance, make payment of cash equivalent to the value of 7% Non-Convertible Cumulative Redeemable Preference Shares to be allotted to shareholders i.e. Rs. 16.50/- for every 1 (one) fully paid up equity share of Rs. 2/- each held in Alembic Limited.

Further, tax shall be deducted at source at the maximum marginal rate (including cess & surcharge as applicable) under the provisions of the Income Tax Act, 1961 on gross consideration payable to shareholders resident outside India / non-resident shareholders by Shreno Lim~i ~~ ' 9:

ALEMBIC LIMITED

REGO. OFFICE : ALEMBIC ROAD, VADODARA - 390 003. • TEL : (0265) 2260550 • FAX : (0265) 2262506 website : www.alembiclimited.com • E-mail : alembic.investors@alembic.co.in • CIN : L26100GJ1907PLC000033 • PAN : AABCA7950P

Important note for all shareholders:

Security	Type of	Book	Record	Purpose
Code	Security and	Closur	Date
	Paid Up Value/	e
	Consideration
BSE:	Non-Convertible	N.A.	27-08-2019	members/ equity Determining the
506235	Cumulative			shareholders of Alembic Limited who
NSE:	Redeemable			shall be entitled for allotment of either
ALEMBICL	Preference			(a) fully paid up 7% Non-Convertible
TD	Shares of Rs. 2/-			Preference Cumulative Redeemable
	each cash or			Shares of Rs. 2/- each at a premium of
	equivalent to the			Rs. 14.50/- per share of Shreno Limited
	value of 7% Non			or (b) cash equivalent to the value of 7%
	Convertible			Cumulative Non-Convertible
	Cumulative			Redeemable Preference Shares to be
	Redeemable			allotted to shareholders, as the case
	Preference			may be.
	Shares to be
	allotted to
	shareholders, as
	the case may be.

The disclosure of the Record Date in the tabular format is as below:-

Please note that the aforesaid consideration (i.e. unlisted 7% Non-Convertible Cumulative Redeemable Preference Shares or equivalent cash, as the case may be) shall be discharged by Shreno Limited.

We request you to kindly take the same on your record.

ompany Secretary