Outcome of board meeting of Shilpa Medicare

Held on 26 December 2016

Shilpa Medicare announced that the Board of Directors, at their meeting held on 26 December 2016, allotted 30,25,000, (Thirty Lakh Twenty Five Thousand) equity share of Re. 1/- each at a premium of Rs.569/- per share in the name of TA FII Investors, IFS Court, Bank Street, Twenty Eight, Cybercity Ebene 72201, Mauritius pursuant to the resolution passed by the shareholders at their Extra-Ordinary General Meeting held on 26 December, 2016 and in-principal approvals received from BSE (Dt:8 December 2016) National Stock Exchange of India (Dt.23 December 2016).

The Company has further intimate that Naresh Patwari has been co-opted as an Additional (non-executive and non-independent) Director of the Company, being the nominee of TA FII Investors Limited with effect from this date, subject to regularization by shareholders at the ensuing annual general meeting of the Company in accordance with the requirements of the Companies Act, 2013.

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