Cipla Ltd. — Regulatory Filings 2021

May 3, 2021

3[rd] May, 2021

(1) BSE Ltd (2) National Stock Exchange of India Ltd Listing Department Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, 5[th] floor, Dalal Street, Plot no. C/1, G Block, Mumbai - 400 001 Bandra Kurla Complex, Bandra (East), Mumbai - 400 051

Scrip Code: 500087 Scrip Code: CIPLA EQ

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

- Sub: Incorporation of a wholly owned subsidiary by GoApptiv Private Limited

Dear Sir/ Madam,

This is to notify that GoApptiv Private Limited (“GoApptiv”), an associate company of Cipla Limited has incorporated a wholly-owned subsidiary company namely Iconphygital Private Limited (‘Iconphygital’) w.e.f. 3[rd] May, 2021.

The requisite details under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Circular No. CIR/CFO/CMD/4/2015 dated 9[th] September 2015 are given in Annexure 1 to this letter.

We request you to kindly take the above disclosure on record.

Thanking you,

Yours faithfully, For Cipla Limited

Digitally signed by RAJENDRA CHOPRA DN: c=IN, o=Personal, 2.5.4.20=4987ad48c3965cfde78c8ea69e RAJENDR 6f40ac91535876f12ba1fa5ba45cc5cc8d b6cb, postalCode=122001, st=HARYANA, serialNumber=0be85c0408d0e3afd663 A CHOPRA 669f5314248a72fdcdf34d01d48d472d7 cf9262696f6, cn=RAJENDRA CHOPRA Date: 2021.05.03 22:19:05 +05'30'

Rajendra Chopra Company Secretary

Prepared by: Gaurav Sainani

Annexure 1

Sr.No	Particulars	Disclosure
1	Name of the target entity, details in brief such as size, turnover etc.:	ICONPHYGITAL PRIVATE LIMITED (‘ICONPHYGITAL’) has been incorporated with effect from 3rdMay, 2021, as a wholly- owned subsidiary of GoApptiv Private Limited (‘GoApptiv’). GoApptiv is an associate company of Cipla Limited. Turnover: Not applicable, since ICONPHYGITAL is a newly incorporated company.
2	Whether the acquisition would fall within related party transaction(s) and whether the promoter/promoter group/group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arms- length”;	Incorporation of ICONPHYGITAL doesn’t fall within the purview of related party transactions. None of the promoter / promoter group / promoter companies have any interest in the newly incorporated entity / ICONPHYGITAL.
3	Industry to which the entity being acquired belongs;	Manpower staffing services.
4	Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity);	ICONPHYGITAL has been incorporated with an objective to consolidate people engaged across various projects of GoApptiv as independent consultants or through third party service providers in a single entity. The move is expected to create right compliance framework, cultural ethos for managers, increase people loyalty and retention. ICONPHYGITAL will enter into contract with GoApptiv for manpower solutions in the same way as existing third-party service providers. The man-power staffing service by the ICONPHYGITAL will also unlock value for GoApptiv.
5	Brief details of any governmental or regulatory approvals required for the acquisition;	Not Applicable

	6	Indicative time period for completion of the acquisition;	Not Applicable
	7	Nature of consideration - whether cash consideration or share swap and details of the same;	Cash
	8	Cost of acquisition or the price at which the shares are acquired;	GoApptiv has subscribed 10,000 equity shares for Rs. 10/- each at face value/par of Rs 10.
	9	Percentage of shareholding/ control acquired and/or number of shares acquired;	GoApptiv holds 100% stake in ICONPHYGITAL. Since Cipla holds, 21.85% stake of GoApptiv on a fully diluted basis, Cipla will indirectly hold 21.85 % stake in ICONPHYGITAL on a fully diluted basis.
	10	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief);	ICONPHYGITAL will be involved in the business of providing man-power staffing services. Date of Incorporation: 3rdMay, 2021 History of turnover: Not Applicable. Country: India Paid-up share capital of the Companyis Rs. 1,00,000