Alembic Pharmaceuticals Limited has announced a change in its senior management reporting structure, effective June 2, 2026. This internal realignment will result in Mr. Atul Suri and Mr. Prag Goel no longer holding positions classified as Senior Management Personnel. The company has provided details of these changes as required by regulatory guidelines, confirming the effective date and the reason for the transition due to an internal reporting structure update.
Senior Management Reporting Update
Alembic Pharmaceuticals Limited has officially announced a significant internal change impacting its senior management structure. Effective June 2, 2026, a shift in reporting lines will reclassify certain roles. Consequently, Mr. Atul Suri and Mr. Prag Goel will cease to be designated as Senior Management Personnel of the company. This adjustment is a direct result of an internal restructuring of reporting relationships within the organization.
Details of the Change
The company has detailed the implications of this change in line with regulatory requirements. The primary reason cited for this transition is an internal change in the reporting structure. Mr. Atul Suri, formerly holding the designation of Senior Vice President – Sales & Marketing, and Mr. Prag Goel, formerly Vice President – Sales & Marketing, will now report differently within the organization. The effective date for these changes is confirmed as June 2, 2026. The company has provided a brief profile update and confirmed that there are no new appointments or changes in relationships between directors as part of this announcement.
Regulatory Compliance
Alembic Pharmaceuticals Limited has made this disclosure in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has attached the necessary details as Annexure-A to the announcement, ensuring full transparency and compliance with the stipulated regulations. Stakeholders are advised to note this change in the company’s senior management personnel classification.
Source: BSE
