Outcome of board meeting of Ind-Swift Laboratories

Held on 08 August 2015

Ind-Swift Laboratories announced that the Board of Directors of the Company at its meeting held on 08 August 2015, inter alia, has approved the following:

1. Issue of shares as per SEBI (ICDR) Guidelines to Promoter's Group on preferential basis against the promoters contribution infused by the promoters under the CDR package of the Company.

2. Grant of 16,00,000 Options to Employees under 'Employee Incentive Scheme, 2014'. Each option entitled to one equity share of Rs. 10/- each.

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