Gufic BioSciences Ltd. — M&A Activity 2018

Sep 29, 2018

- GUFIC BIOSCIENCES LIMITED

Corp. Office: l st, to 4th Floor, SM House, 11 Sahakar Road, Vile Parle (East), Mumbai - 400 057. Tel.: (91-22) 6726 1000 Fax: (91-22) 6726 l 068 Email: info@guficbio.com CIN L65990MH1984PLC0335 l 9

100/SE/LG/2018/G BSL

September 29, 2018

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

Dear Sirs,

Sub: Amalgamation of Gufic Lifesciences Private Limited (Transferor Company) with Gufic Biosciences limited (Transferee Company or "the Company") with their respective Shareholders and Creditors.

With reference to captioned subject, the Company had informed you vide its letter dated September 20, 2018 that the Board of Directors of the Company at its Meeting held on September 20, 2018, inter alia has approved the Scheme of Amalgamation of Gufic Lifesciences Private Limited with the Company and their respective shareholders and creditors, subject to the approval of the shareholders and regulatory authorities.

This is to further inform you that there was a typographical error in 2[nd ] paragraph of clause (v) on page no. 3 of Annexure 'A', whereby the Company had erroneously and inadvertently mentioned the number of shares to be exchanged against the outstanding unsecured loan of the Transferor Company as "58,87,662 equity shares of Face Value of Re. 1/-" each instead of "59,03,835 equity shares of Face Value of Re. 1/- each".

Hence, the said clause (v) of Annexure 'A' of the captioned subject matter submitted to the Stock Exchange on September 20, 2018 by the Company shall be substituted

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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

0, GUFIC BIOSCIENCES LIMITED

CIN L65990MH l 984PLC0335 l 9 Tel.: (91-22) 6726 l 000 Fax: (91-22) 6726 l 068 Email: info@guficbio.com Corp. Office : l st, to -4th Floor, SM House, l l Sahakar Road, Vile Parle (East), Mumbai 400_ 057.

FROM:

([v] ) In case of cash consideration, amount - otherwise share exchange ratio

"In consideration of the amalgamation, Gufic Biosciences Limited shall issue and allot to every Equity Shareholder of Gufic Lifesciences Private Limited, 24 (Twenty Four) Equity shares of Face Value of Re. 1/- each for every 1 (One) Equity shares of Face Value of Rs. 10/- each held by member in Gufic Lifesciences Private Limited.

Also, 58,87,662 equity shares of Face Value of Re. 1/- each to be issued to Gufic Private Limited, the holding Company of Gufic Lifesciences Private Limited against the outstanding unsecured loan of Rs. 75.22 crores availed by Gufic Lifesciences Private Limited."

TO:

(i) In case of cash consideration, amount - otherwise share exchange ratio

"In consideration of the amalgamation, Gufic Biosciences Limited shall issue and allot to every Equity Shareholder of Gufic Lifesciences Private Limited, 24 (Twenty Four) Equity shares of Face Value of Re. 1/- each for every 1 (One) Equity shares of Face Value of Rs. 10/­ each held by member in Gufic Lifesciences Private Limited.

Also, 59,03,835 equity shares of Face Value of Re. 1/- each to be issued to Gufic Private Limited, the holding Company of Gufic Lifesciences Private Limited against the outstanding unsecured loan of Rs. 75.23 crores availed by Gufic Lifesciences Private Limited."

Kindly take the same on record.

The inconvenience caused by our error is highly regretted.

Thanking You,

Yours Faithfully,

For Gufic Biosciences Limited ��� Ami Shah Company Secretary Membership No. A39579

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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