Suven Pharmaceuticals Limited announced that Jasti Property and Equity Holdings Private Limited ("Seller") has executed a share purchase agreement with Berhyanda Limited ("Acquirer"), on 26 December 2022 ("Share Purchase Agreement"). The Company informed that the board of Directors of the Company at its meeting took note of resignation of the following directors, with immediate effect: J. V. RAMUDU, DIN 03055480, as Non-Executive Non-Independent and Director - Chairperson; VENKATESWARLU JASTI, DIN 00278028 as Executive, Managing Director; JERRY JEYASINGH DIN 08589727, as Non-Executive Non-Independent Director, D. G. PRASAD DIN 00160408, Non-Executive Independent Director; DEEPANWITA CHATTOPADHYAY DIN 02357160 as Non-THe company informed that the Board of Directors of the Company at its meeting took note of resignation of the Ms. Kalyani Jasti, President (US Operations), with immediate effect. Shri J. V. RAMUDU has tendered his resignation as a Non-Executive Chairperson of the Company due to change in management pursuant to takeover of the company and there are no other material reasons for resignation other than the one mentioned in the resignation letter.

Shri VENKATESWARLU JASTI has tendered his resignation as Executive - Managing Director of the Company due to change in management pursuant to takeover of the company and there are no other material reasons for resignation other than the one mentioned in the resignation letter. Shri JERRY JEYASINGH has tendered his resignation as a Non-Executive, non-Independent Director of the Company due to change in management pursuant to takeover of the company and there are no other material reasons for resignation other than the one mentioned in the resignation letter. Shri D. G. PRASAD has tendered his resignation as a Non-Executive Independent Director of the Company due to personal reasons and there are no other material reasons for resignation other than the one mentioned in the resignation letter.

Names of the listed entities in which Shri. D. G. PRASAD holds Directorships, indicating the category of Directorship and Membership of Board Committees before the resignation becoming effective: Suven Pharmaceuticals Limited - Category of directorship: Non-executive Independent Director; Membership of the Board Committees: Audit Committee ? Chairman, Nomination and Remuneration Committee ?

Chairman, Risk Management Committee - Member. Gokak Textiles Limited, Non-executive, Independent Director- Audit Committee ? Chairman; Natco Pharma Limited Non-executive Independent Director- Audit Committee ?

Member. Moschip Technologies Limited - Non-executive Director, Audit Committee ? Chairman, Stakeholders Relationship Committee ?

Member. Mr. D. G. PRASAD automatically ceased to be a Chairperson/Member of the aforesaid Committees in Suven Pharmaceuticals Limited, with immediate effect. Smt.

DEEPANWITA CHATTOPADHYAY has tendered her resignation as a Non-Executive Independent Director of the Company due to personal reasons and there are no other material reasons for resignation other than the one mentioned in the resignation letter. Names of the listed entities in which Smt. DEEPANWITA CHATTOPADHYAY holds Directorships, indicating the category of Directorship and Membership of Board Committees before the resignation becoming effective: Suven Pharmaceuticals Limited- Non-executive, Independent Director; Membership of the Board Committees Nomination and Remuneration Committee ?

Member; Stakeholders Relationship Committee ? Member; Risk Management Committee - Member. CSR Committee ?

Member. Smt. DEEPANWITA CHATTOPADHYAY automatically ceased to be a Chairperson/Member of the aforesaid Committees in Suven Pharmaceuticals Limited, with immediate effect.

Shri. VAJJA SAMBASIVA RAO has tendered his resignation as a Non-Executive Independent Director of the Company due to personal reasons and there are no other material reasons for resignation other than the one mentioned in the resignation letter. Names of the listed entities in which Shri VAJJA SAMBASIVA RAO holds Directorships, indicating the category of Directorship and Membership of Board Committees before the resignation becoming effective: Suven Pharmaceuticals Limited- Non-executive, Independent Director; Membership of the Board Committees: Audit Committee ?

Member Nomination and Remuneration Committee ? Member; CSR Committee ? Member.

Shri. VAJJA SAMBASIVA RAO automatically ceased to be a Chairperson/Member of the aforesaid Committees in Suven Pharmaceuticals Limited, with immediate effect. Ms. KALYANI JASTI has tendered her resignation as a President (US Operations) of the Company to pursue new business opportunities outside the company and there are no other material reasons for resignation other than the one mentioned in the resignation letter.