SOLARA ACTIVE PHARMA SCIENCES LIMITED — Board/Management Information 2024

Feb 14, 2024

Communication Address: Solara Active Pharma Sciences Limited 2nd Floor, Admin Block 27, Vandaloor Kelambakkam Road, Keelakottaiyur Village, Melakottaiyur (Post) Chennai – 600 127, India Tel: +91 44 43446700 Fax: +91 44 47406190 E-mail: investors@solara.co.in www.solara.co.in

February 14, 2024

The BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra-Kurla Complex Dalal Street, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 541540 Scrip Code: SOLARA

Dear Sir/Madam,

Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) – Change in Management

Pursuant to Regulation 30 read with Para A of Part A, Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”), we wish to inform you that the Board of Directors of the Company has taken on record/approved the following changes in Management at its meeting held on February 14, 2024.

Name of the Director	Resignation / Appointment
Mr. P.V. Raghavendra Rao	Resigned as Chief Financial Officer of the Company from the close of business hours on February 15, 2024, due to personal reasons.The Company willannouncehis successor indue course
Mr. M Mohan (DIN: 03610282)	Appointed as Additional Executive Director of the Company with effect from February 14, 2024. The appointment is subject to the approval of shareholders of the Company, which shall be sought separately.

Consequently, Mr. P. V. Raghavendra Rao shall also cease to be the Key Managerial Personnel of the Company from the close of business hours on February 15, 2024. Copy of resignation letter is attached as Annexure I.

Mr. M Mohan is not debarred from holding office of director by virtue of any order by the Securities and Exchange Board of India (“ SEBI ”) or any other such authority.

Please note that the relevant details regarding the change in directors required to be disclosed under the SEBI circular CIR/CFD/CMD/4/2015 dated September 9, 2015, are enclosed herewith in the Annexure II to this letter.

Appointment of Mr. M Mohan as Key Managerial Personnel of the Company

Consequent to the appointment of Mr. M Mohan in the Executive position, he is also appointed as one of the Key Managerial Personnel of the Company effective February 14, 2024.

In terms of Regulation 30(5) of the Listing Regulations, Mr. M Mohan is also authorized to determine materiality of an event or information for the purpose of making disclosures relating to the Company to the Stock Exchanges.

Solara Active Pharma Sciences Limited - CIN: L24230MH2017PLC291636 REGD. OFF: 201, Devavrata, Sector 17, Vashi Navi Mumbai - 400703. India/ Tel: 91-22-2789 2924 / 2789 3199 / Fax: 91-22-2789 2942

Communication Address:

Solara Active Pharma Sciences Limited 2nd Floor, Admin Block

27, Vandaloor Kelambakkam Road, Chennai – 600 127, India Tel: +91 44 43446700 Fax: +91 44 47406190 E-mail: investors@solara.co.in www.solara.co.in

Keelakottaiyur Village, Melakottaiyur (Post)

Accordingly, the contact details of Mr. M Mohan is provided below:

#	Particulars	Remarks
1	Name	Mr.M Mohan
2	Designation	Executive Director
3	EffectiveDate of Appointment	February14,2024
4	E-mail Id	m.mohan@solara.co.in
5	Contact No.	+91 44 43446700

We request you to take the same on record.

Thanking you, Yours faithfully,

For Solara Active Pharma Sciences Limited

SUDDAPALLI MURALIKRISHNA Digitally signed by SUDDAPALLI MURALIKRISHNA Date: 2024.02.14 18:27:52 +05'30' S. Murali Krishna Company Secretary

Encl.: As above.

Solara Active Pharma Sciences Limited - CIN: L24230MH2017PLC291636

REGD. OFF: 201, Devavrata, Sector 17, Vashi Navi Mumbai - 400703. India/ Tel: 91-22-2789 2924 / 2789 3199 / Fax: 91-22-2789 2942

Annexure I

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Communication Address: Solara Active Pharma Sciences Limited 2nd Floor, Admin Block 27, Vandaloor Kelambakkam Road, Keelakottaiyur Village, Melakottaiyur (Post)

27, Vandaloor Kelambakkam Road, Chennai – 600 127, India Tel: +91 44 43446700 Fax: +91 44 47406190 E-mail: investors@solara.co.in www.solara.co.in

ANNEXURE II

Name of Director	P V Raghavendra Rao
Reason for change, viz, resignation	Mr. P V Raghavendra Rao has tendered his resignation from the position of CFO of the company from the close of business hours on February 15, 2024, due to personal reasons.
Date of cessation	The resignation is effective from the close of business hours on February 15, 2024
Brief profile	Not Applicable
Disclosure of relationship between directors	Not Applicable

**Name of Director **	Mr.M.Mohan(DIN: 03610282)
Reason for change, viz, appointment	The Board of Directors of the Company, pursuant to the recommendation by the Nomination and Remuneration Committee, approved the appointment of Mr. M. Mohan as Executive Director of the Company with effect from February 14, 2024, subject to the approval of the shareholders of the Company.
Date of appointment	The appointmentis effectivefrom February14,2024
Term of Appointment	Appointed for a period of 3 (three) years from the date of appointment
Brief profile	Mr. Mohan is a Chemical Engineering Graduate from Annamalai University. In 20+ years of professional career he has held various leadership roles in Operations, heading the API & Formulations for Shasun and Solara. He has also provided entrepreneur consulting to pharmaceutical companies in designing & implementing large projects on setting up manufacturing plants. Mr. Mohan has rejoined Solara in 2019 as Cluster Head for Pondy & Vizag sites and has led operations through transformative growth. Mr. Mohan is currently working as Chief Operations Officer (COO) heading the manufacturing operations of the company. He is also a Director on the Board of Monitra Enviro Private Limited.
Disclosure of relationship between directors	Mr. M Mohan is not related to any Director of the Company.

Solara Active Pharma Sciences Limited - CIN: L24230MH2017PLC291636 REGD. OFF: 201, Devavrata, Sector 17, Vashi Navi Mumbai - 400703. India/ Tel: 91-22-2789 2924 / 2789 3199 / Fax: 91-22-2789 2942