Outcome of board meeting of Alembic Pharmaceuticals

Held on 27 April 2016

Alembic Pharmaceuticals announced that the Board of Directors of the Company at its meeting held on 27 April 2016, inter alia, has :

1. Recommended a dividend of Rs. 4.00 (200%) per Equity Share of face value of Rs. 2 each, subject to approval of Shareholders at the ensuing Annual General Meeting.

2. Appointed Chirayu Amin as Executive Chairman and Chief Executive Officer w.e.f. 27 April 2016.

3. Appointed Pranav Amin as Managing Director w.e.f. 27 April 2016.

4. Appointed Shaunak Amin as Managing Director w.e.f. 27 April 2016.

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