Cipla Ltd. — Capital/Financing Update 2021

Dec 15, 2021

15 th December 2021

• (1) BSE Limited Listing Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001
• (2) National Stock Exchange of India Limited Listing Department Exchange Plaza, 5th floor, Plot no. C/1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Scrip Code: CIPLA EQ

Scrip Code: 500087

(3) SOCIETE DE LA BOURSE DE LUXEMBOURG Societe Anonyme 35A Boulevard Joseph II, L-1840 Luxembourg

Sub: Acquisition of partnership interest in Clean Max Auriga Power LLP

Dear Sir/Madam,

In compliance with the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit that in line with the commitment to enhance the share of renewable power source in its operation and to comply with regulatory requirement for being a 'captive user' under electricity laws, Cipla Limited has entered into an LLP Agreement and other definitive agreements to acquire up to 33% partnership interest in Clean Max Auriga Power LLP.

Requisite disclosure as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed as Annexure- I.

Please take the above information on record.

Thankyou

Yours faithfully, For Cipla Limited Rajendra Chopra Company Secretary RAJENDRA KUMAR CHOPRA Digitally signed by RAJENDRA KUMAR CHOPRA Date: 2021.12.15 15:19:08 +05'30'

Prepared by: Mandar Kurghode

Cipla Ltd.

Annexure - I

Sr.	Particulars	Details
No.
a)	Name of the target entity, details in briefsuch as size, turnover etc.;	Name of the target entity: Clean Max Auriga Power LLPBriefDetails: Clean Max Auriga Power LLPwas formedfor purpose of setting up captive wind and solar,renewablepowergenerationplant(Project)inKarnataka.Turnover: NIL as on 31st March 2021.
b)	Whethertheacquisitionwouldfallwithin related party transaction(s) andwhetherthepromoter/promotergroup/groupcompanieshaveanyinterest in the entity being acquired? Ifyes, nature of interest and detailsthereof and whether the same is done at"arm's length";	Acquisition doesn't fall within the purview of relatedparty transactions.Noneofthepromoter/promotergroup/groupcompanies have any interest in the entity
c)	Industry to which the entity beingacquired belongs;	Generation and supply of renewable energy.
d)	Objectsandeffectsofacquisition(including but not limited to, disclosureof reasons for acquisition of targetentity, if its business is outside the mainline of business of the listed entity);	In line with Cipla's commitment to enhance the shareof renewable power source in its operation and tocomply with regulatory requirement for being a captiveuser under electricity laws, Cipla will acquire up to 33%partnership interest in Clean Max Auriga Power LLPthroughout the term of the definitive agreements i.e.,LLPagreement,energysupplyagreement,performanceincentiveagreementandothertransaction documentsas may be required.Post-acquisition, Clean Max Auriga Power LLPwillbecome an associate of Cipla Limited.
e)	Brief details of any governmental orregulatory approvals required for theacquisition;	Not Applicable

f)	Indicative time-period for completion ofthe acquisition;	Within 15 business days from date of execution ofdefinitive agreements.
g)	Nature of consideration -whether cashconsideration or share swap and detailsof the same;	Cash consideration
h)	Cost of acquisition or the price at whichthe shares are acquired	Up to Rs. 6,00,00,000 (Indian Rupees Six crore) for 33%partnership interest in profit/loss in the LLP.
i)	Percentage of shareholding / controlacquired and / or number of sharesacquired;	Up to 33% partnership interest in profit/loss in the LLP.
j)	Briefbackgroundabouttheentityacquired in terms of products/line ofbusinessacquired,dateofincorporation, history of last 3 years'turnover, country in which the acquiredentity has presence and any othersignificant information (in brief)	Clean MaxAuriga Power LLP is a special purposevehicle engaged in the business of production, supply,and distribution of Solar and Wind or other renewableEnergy generation plant.Date of Incorporation: 18th February 2019History of last 3 years turnover: NILCountry: India

RAJENDR A KUMAR CHOPRA Digitally signed by RAJENDRA KUMAR CHOPRA Date: 2021.12.15 15:19:51 +05'30'