SOLARA ACTIVE PHARMA SCIENCES LIMITED — Board/Management Information 2020

Aug 3, 2020

�' SOLARA ,,., Active Pharma Sciences

Communication Address: Solara Active Pharma Sciences Limited Batra Centre No. 28. Sardar Patel Road. Post Box 2630 Guindy. Chennai - 600 032. India Tel : +91 44 43446700. 22207500 Fax: +9144 22350278 E-mail : investors@solara.com www.solara.co.in

August 3, 2020

The BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400 001

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

Scrip Code: 541540

Scrip Code: SOLARA

Dear Sirs,

Sub: Outcome of Board Meeting

Please refer our letter dated July 27, 2020 under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, in continuation we wish to inform that at the meeting of Board of Directors held today (August 3, 2020) the Directors has inter-alia amongst other subject approved the following:

• Unaudited financial results (standalone and consolidated) of the Company for the quarter ended June 30, 2020 pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. A copy of the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2020 along with the Limited Review Report by the Auditors and press release is attached.

• Resignation of Mr. Jitesh Devendra (DIN 06469234) as Managing Director and Directorship of the Company, with effect from August 3, 2020.

• Appointment of Mr. Bharath R Sesha (DIN: 01983066) as Managing Director and CEO of the Company with effect from August 3, 2020. Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015 is attached.

The Board Meeting commenced at 11.45 AM and concluded at 12.30 PM. We request you to take the same on record.

Thanking you, Yours faithfully, For Solara Active Pharma Sciences Limited

, , Digitally signed by 5 s Mu r a II kn sh n a Muralikrishna

Date: 2020.08.03 12:3 7:07 +05'30'

S. Murali Krishna Company Secretary

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 I Fax: 91-22-2789 2942

�' SOLARA ,,., Active Pharma Sciences

Communication Address: Solara Active Pharma Sciences Limited Batra Centre No. 28. Sardar Patel Road. Post Box 2630 Guindy. Chennai - 600 032. India Tel : +91 44 43446700. 22207500 Fax: +9144 22350278 E-mail : investors@solara.com www.solara.co.in

Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

No.	Particulars	Particulars				Remarks
1.	Reason	for		change	viz.,	Mr. Bharath R. Sesha is appointed as Managing
	appointment or			otherwise		Director of te Company
2.	Date of	Appointment				December 9, 2019
3.	Date	of	appointment		as	August 3, 2020
	Managing Director
4.	Brief Profile					Bharath is an Engineerig graduate wit a
						management degree from the Institute for
						Technology and Management, Chennai. He also has
						a master's degree in International Management
						from Tunderbird School of Global Management,
						United States.
						Bharath joins Solara from Nalco Water, India where
						he was the Managing Director responsible for te
						growt strategy.
						He has over two decades of experience and a decade
						leading diverse businesses including
						pharmaceuticals and has held CXO level positions
						in companies like Philips, DSM Sinochem
						Pharmaceuticals, Royal DSM NV.
						Throughout his professional stints, Bharat has
						focused on managing the business growth and
						profitability of tese companies across te pharmaceutical, healtcare, consumer lifestyle, and
						material sciences industries. He has operated in
						countries like USA, Hongkong, China, Middle East,
						Egypt, Africa and Europe.
5.	Disclosure		of	relationship		Mr. Bharath R. Sesha is not related to any promoter,
	between directors					director or key managerial personnel of te
						company.

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