Alembic Pharmaceuticals Limited — Others, 17-12-2024: Giving guarantees/indemnity/ becoming a surety for third party

Alembic Pharmaceuticals has issued corporate guarantees totaling USD 10 million to HSBC Bank, Chile, aimed at facilitating a working capital facility for its wholly owned subsidiary, Alembic Pharmaceuticals SpA, Chile. Over time, the guarantees were issued in increments of USD 1 million, USD 2 million, and USD 5 million. The management states no significant impact on the company’s operations is expected from this arrangement.

For investors, this marks a strategic support move for the subsidiary, suggesting a positive outlook for its operations in the Chilean market while maintaining the parent company's stability.