Hester Biosciences Ltd — Capital/Financing Update 2021

Jan 28, 2021

Hester Biosciences Limited Plant Address Email mail@hester.in Head Office Village Merda-Ardraj Toll Free 1 800 233 7937 Pushpak, 1" Floor Taluka Kadi www.hester.in Panchvati Circle District Mehsana Ahmedabad 380006 Phone +91 79 26445105 Gujarat, India Phone +91 79 26445106

Motilal Hirabhai Road Gujarat 382721, India CIN L99999GJ1987PLC022333

28.01.2021

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001

To, National Stock Exchange of India Limited Exchange Plaza, Sandra - Kurla Complex, Sandra (E), Mumbai 400 051

Scrip Code: 524669

Symbol: HESTERBIO

Respected Sir / Madam:

Subject: Addendum to Notice of Board Meeting to be held on 30.01.2021

This is in reference to our letter dated 21.01.2021 intimating the date of the Board Meeting, this is to inform that pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended time to time), the Board of Directors in their meeting schedule to be held on Saturday, 30.01.2021 at 10:30 a.m., shall may consider and approve the proposal of raising of funds by way of issue of equity shares, and/or equity linked securities and/or securities convertible into equity shares through Qualified Institutional Placement (QIP) or preferential allotment, subject to the receipt of necessary approvals, in terms of the provisions of the SEBI Regulations and the Companies Act, 2013, as amended from time to time and other applicable laws and other businesses, if any.

Further, for the above said proposal of raising of funds, if approved by the Board, shareholders approval will be obtained through Postal Ballot or such other mode, as to be decided by the Board members.

We request you to take note of the above.