Alembic Pharmaceuticals Limited announced that it has received order from Office of the Commissioner of Customs, under applicable provisions of the Customs Act, 1962. Name of the authority: Office of Commissioner of Customs (NS-I), Nhava Sheva, Jawaharlal Nehru Custom House, Taluka - Uran, District - Raigad, Maharashtra - 400 707. Nature and details of the action(s) taken, initiated or order(s) passed: Redemption fine of INR 300,000 and Penalty of INR 313,044.

Date of receipt of direction or order including any ad interim or interim orders, or any other communication from the authority: Order dated 5th June, 2024 received by us on 17th June, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed: Misclassification declared in the Bill of Entry. Hence, short payment of Integrated Goods and Services Tax (IGST) is objected by Customs. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: There is no material impact on the Company's financials or operations due to the said order.

The Company will file necessary appeal with the Commissioner of Customs (Appeals) in this regard.