Gufic BioSciences Ltd. — Board/Management Information 2018

Oct 26, 2018

==> picture [91 x 35] intentionally omitted <==

----- Start of picture text ----- IBIOSCIENCES LIMITED----- End of picture text -----

st, fo SM House, 11 Sahakar Road, Vile Parle (East), Mumbai - 400 057. Tel.: [91-22) 6726 1 Fax: (91-22) 1068 Email: info@guficbio.com CIN L65990MH1984PLC033519

163/LG/SE/OCT /2018/GBSL

Date: October 26, 2018

To, To, Listing Department, Listing Department, National Stock Exchange of India Limited BSE Limited, Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejabhoy Towers, Dalal Street, Bandra (E), Mumbai - 400 051 Mumbai - 400 001 Security Code : GUFICBIO Security Code: 509079

Dear Sirs,

Sub: Outcome of the Board Meeting held on Friday, October 26, 2018

Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ("SEBI Listing regulations"), we would like to inform you that the Board of Directors of the Company at its Meeting held today i.e. Friday, October 26, 2018, inter alia has considered and approved the following matters

1. Re-alignment of the Key Managerial Personnel (KMP) in the organization wherein Mrs. Hemal M. Desai would vacate the office from the position of Chief Financial Officer (CFO) w.e.f. the closing of business hours on October 26, 2018. However, Mrs. Desai shall continue to hold the position of Whole Time Director of the Company. As a part of the above mentioned re-alignment, it was also decided that Mr. Devakinandan B. Roonghta shall succeed the position of CFO w.e.f. opening of business hours on October 29, 2018. The brief profile of Mr. D. B. Roonghta is enclosed herewith as Annexure I.

2. Alteration of the Memorandum of Association {MOA) of the Company in order to bring the existing MOA framed under the erstwhile Companies Act, 1956 in compliance with the provisions of the Companies Act, 2013 and in the format specified thereunder.

3. Postal ballot notice for:

   • a. Alteration of the Memorandum of Association of the Company;

==> picture [55 x 11] intentionally omitted <==

----- Start of picture text ----- Page 1 of 3----- End of picture text -----

Regd. Off.: 37, First Floor, Kamala Bhovan II, S. Nityananad Road. Andheri (East). Mumbai - 400 069 www.gufic.com Factory: National Highway No. 8, Near Grid, Kabilpore, Navsari 396 424 • Tel. No.: (02637)329424/239946

Corp. Office: l st, to 4th Floor, House, 11 Sahokar Road, Vile Parle (East}, Mumbai - 400 057. · (91-22) 1000 Fax: (91 6726 1068 Email: info@guficbio.com CIN L65990MH1984PLC033519

b. Approval of related party transactions with Gufic Lifesciences Private Limited, a related party defined under the Companies Act, 2013 and SEBI Listing Regulations.

The Meeting commenced at 04:30 p.m. and concluded at 7.45 p.m.

Kindly take the same on record.

Thanking You,

Yours Faithfully, For Gufic Biosciences Limited ��

Ami N.Shah Company Secretary & Compliance Officer Membership No. A39579

Encl: as above

Page 2 of 3

Regd. Off.: 37, First Floor, Karnak, Bhavcm II, S. Nityananad Rood. Andheri (East). Mumbai - 400 069 www.gufic.com Factory: National Highway No. 8, Near Grid, Kabilpore, Navsari - 396 424 •Tel.No.: (02637)329424/239946

==> picture [160 x 64] intentionally omitted <==

==> picture [98 x 67] intentionally omitted <==

----- Start of picture text ----- FICBIOSCIENCES LIMITED----- End of picture text -----

Corp. Office· 1st, to 4th Floor, SM House, 11 Sahakar Road, Vile Parle (East), Mumbai - 400 057. Tel.: (91-22) 6726 1000 Fax: (91-22) 6726 1068 Email: info@guficbio.com CIN L65990MH1984PLC033519

Annexure-1

Reason For ChangeDate of AppointmentBrief Profile		AppointmentOctober 29, 2018Mr. Devakinandan B. Roonghta aged 54 years is a qualifiedChartered Accountant with more than 28 years of experience inthe field of Corporate Finance and he is expert in leading thedesign of optimum capital structure and financial strategy forthe company keeping in mind capital expansion for existingbusiness, investment in new business/ projects and short-termcash optimization.Before joining the Company, he was designated as ExecutivePresident in Century Enka Limited, a reputed Company.

Page 3 of 3

Regd. Off.: 37, First Floor, Kamala Bhovan II, S. Nitycmanad Road. Andheri (East). Mumbai - 400 069 www.gufic.com Factory: National Highway No. 8, Near Grid, Kabilpore, Novsari - 396 424 •Tel.No.: (02637)329424/239946