Lupin Ltd — AGM Information 2020

Aug 12, 2020

August 12, 2020

 BSE Limited

Department of Corporate Services, P. J. Towers, Dalal Street, MUMBAI - 400 001.

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National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051.

Dear Sir/Madam,

Sub: Proceedings at the Thirty-Eighth Annual General Meeting (AGM) pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations).

In compliance with Regulation 30(2) read with Para A(13) of Part A of Schedule III of the Listing Regulations, we wish to inform you that the Members voted on the following Resolutions through remote e-voting and e-voting at the AGM held today i.e. Wednesday, August 12, 2020, at 4.00 p.m. (IST) through Video Conferencing/Other Audio-Visual Means: -

ORDINARY BUSINESS

1. Adopting the Standalone audited financial statements including Balance Sheet as at March 31, 2020, Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and Reports of the Board of Directors and Auditors thereon.

2. Adopting the Consolidated audited financial statements including Balance Sheet as at March 31, 2020, Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and Report of the Auditors thereon.

3. Declaring dividend of ₹ 6/- per equity share, for the year ended March 31, 2020.

4. Re-appointment of Mr. Nilesh D. Gupta (DIN: 01734642), as director, who retired by rotation and being eligible, offered himself, for re-appointment.

SPECIAL BUSINESS

5. Re-appointment of Ms. Vinita Gupta (DIN: 00058631) as the Chief Executive Officer of the Company for a period of five years effective May 28, 2020. (Ordinary Resolution).

6. Appointment of Mr. Ramesh Swaminathan (DIN: 01833346) as Executive Director, Global CFO & Head Corporate Affairs of the Company for a period of five years effective March 26, 2020. (Ordinary Resolution).

7. Re-appointment of Mr. Jean-Luc Belingard (DIN: 07325356) as an Independent Director of the Company for a term of five years from the conclusion of the AGM i.e. from August 12, 2020 till August 11, 2025. (Special Resolution).

8. Approving the payment of commission not exceeding in the aggregate, 0.5% of the Standalone net profits of the Company, computed as prescribed by Section 198 of the Companies Act 2013, to non-executive directors, for a period of five years commencing from April 1, 2020. (Ordinary Resolution).

9. Ratifying the remuneration payable to Mr. S. D. Shenoy, Cost Auditor, for conducting cost audit for the year March 31, 2021. (Ordinary Resolution).

Voting Results and Scrutiniser’s Report shall be submitted to your Exchange within the time stipulated by Regulation 44 of the Listing Regulations.

Yours faithfully,

For LUPIN LIMITED

Digitally signed by RAJVARDHAN VISHNU SATAM RAJVARDHAN DN: c=IN, o=Personal, postalCode=400062, st=Maharashtra, 2.5.4.20=c19d8ef961d9fa59e973a093a4d3924b25 32eb2f496ea7e2abcf74700f5375b7, serialNumber=df8ebe60a88c796663c738ea25bfa0 VISHNU SATAM b475d195f726cdb67a2ff09c4242771b2a, cn=RAJVARDHAN VISHNU SATAM Date: 2020.08.12 18:33:21 +05'30'

R. V. SATAM COMPANY SECRETARY (ACS -11973)

Registered Office: 3[rd] Floor, Kalpataru Inspire, Off W. E. Highway, Santacruz (East), Mumbai - 400 055 India. Tel: (91-22) 6640 2323.

Corporate Identity Number: L24100MH1983PLC029442

www.lupin.com