Alembic Limited (ISIN: INE426A01027) has announced important dates for its shareholders regarding dividend payment and the upcoming Annual General Meeting (AGM) for the financial year 2020-21.

Book Closure Period

The company has declared that its Register of Members and Share Transfer Books will remain closed from July 31, 2021 to August 6, 2021, both dates inclusive. This closure period is crucial for determining the eligibility of shareholders for two key corporate actions:

1. Dividend Payment
2. Participation in the Annual General Meeting

Significance for Shareholders

This announcement is particularly important for Alembic Limited's shareholders as it determines:

• Dividend Eligibility: Shareholders on record as of the book closure dates will be eligible to receive the dividend for FY 2020-21.
• AGM Participation: The book closure will establish the list of members eligible to participate in the company's Annual General Meeting.

Key Dates to Remember

Shareholders and potential investors should take note of these dates, as they are critical for receiving dividends and exercising voting rights at the AGM.

Alembic Limited's decision to close its books for these corporate actions is a standard practice in corporate governance, ensuring a clear record of eligible shareholders for both dividend distribution and AGM participation.

Investors are advised to ensure that their shareholding details are up to date with their respective depository participants or with the company's registrar and transfer agent before the book closure period begins.

Alembic Limited , a prominent pharmaceutical and real estate company, has initiated a significant leadership transition by seeking shareholder approval for the appointment of Udit Amin as its new Managing Director. The company has issued a postal ballot notice for this purpose, highlighting a strategic move in its top management.

Key Details of the Proposed Appointment

• Appointment Term: Udit Amin is proposed to be appointed as Managing Director for a five-year term, commencing from October 1, 2025.
• Shareholder Approval Process: The company is conducting an e-voting process for shareholders, running from August 21 to September 19, 2025.
• Special Resolution: The appointment requires approval through a special resolution, indicating its significance for the company.
• Central Government Approval: As Udit Amin is a Non-Resident Indian (NRI), the appointment also necessitates approval from the Central Government.

Proposed Remuneration Package

• Maximum CTC: The proposed remuneration package includes a basic salary, perquisites, and allowances up to a maximum CTC of Rs. 10.00 crore per annum.
• Board Discretion: The exact remuneration within this limit will be determined by the Board of Directors.
• Effective Date: The remuneration will take effect from October 1, 2025, subject to Central Government approval.

Udit Amin's Background and Experience

• Education: Graduated from the University of Michigan, USA, with a focus on Economics and International Trade.
• Industry Experience: Over 22 years of experience across real estate, specialty chemicals, and pharmaceutical industries.
• Previous Roles at Alembic: Served as Executive Director & President of Real Estate Division until March 2016, and as Managing Director until January 2017.
• Current Position: Serving as a Non-Executive Non-Independent Director since February 2017.

Rationale for the Appointment

The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, has cited several reasons for proposing Udit Amin's appointment:

1. Diverse Expertise: His extensive experience across various functional domains has been crucial to the company's growth.
2. Strategic Vision: Amin has demonstrated a forward-thinking approach to innovation and expansion.
3. Real Estate Sector Growth: Under his leadership, the company's real estate business has seen significant expansion.
4. API Division Improvements: The operations of the API division have achieved greater stability and efficiency during his tenure.
5. Value Creation: His continued leadership is expected to drive sustained success and long-term value for the company.

Current Management Transition

• Outgoing Executive: Mrs. Malika Amin, the current Managing Director & CEO, has expressed her intention to step down from her executive position effective January 1, 2026.
• Continued Involvement: Mrs. Amin will transition to a Non-Executive Non-Independent Director role, foregoing managerial remuneration.

This proposed appointment of Udit Amin as Managing Director marks a significant shift in Alembic Limited's leadership structure. Shareholders will play a crucial role in this decision through the upcoming e-voting process, potentially shaping the company's future direction and strategy.