Pharmaids Pharmaceuticals Ltd

This is furtherance to our intimation dated 17th January 2023 regarding investment in Anugraha Chemicals (the Firm) a partnership firm registered under the Karnataka Partnership (Registration of Firms) Rule 1954 by acquiring 51% stake in multiple tranches. In this regard we would like to inform that the company vide its investment through different tranches has acquired 37.16% of partnership interest out of the said proposed investment of 51% till date. The investment is as per the investment agreement dated 25th January 2023 as approved by the Board of Directors at their meeting held on 17th Janaury 2023.