Ipca Laboratories Ltd. — Capital/Financing Update 2022

Dec 19, 2022

THRU ONLINE FILING

December 19, 2022

BSE Ltd. Phiroze Jeejeebhoy Towers Dalai Street Mumbai 400 023 Scrip Code - ⁵²⁴⁴⁹⁴

National Stock Exchange India Limited, Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra - (East). Mumbai-400051. Scrip Code : IPCALAB

Dear Sirs,

Re: Acquisition of further 6.53% of the paid-up equity share capital of M/s. Trophic Wellness Pvt. Ltd. (TWPL)

We are pleased to inform you that the Company has acquired further 6.53% of the paid-up equity share capital of M/s. Trophic Wellness Private Ltd. (TWPL), a company incorporated under the Companies Act, 1956 and engaged in the business of manufacturing and marketing several SKUs of Neutraceuticals under the brand name "Nutricharge".

With the acquisition of these further 6.53% of the equity share capital of the said M/s. Trophic Wellness Pvt. Ltd., the Company now holds 58.88% of the paid-up equity share capital of said company.

The required disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed herewith.

Thanking you

Yours faithfully For Ipca Laboratories Limited Digitally signed by HARISH PANDURANG KAMATH

DN: c=IN, o=PERSONAL, 2.5.4.20=3e5648a57390d9262997da3de9051643bfb 87e352b111402af42d207e52e25c6, postalCode=400063, st=Maharashtra, serialNumber=72050fb9fadcbc5de6404685117b835 5792f5784c7617d9c4cae2a3887d6b809, cn=HARISH PANDURANG KAMATH Date: 2022.12.19 18:09:20 +05'30'

HARISH PANDURANG KAMATH

Harish P. Kamath Corporate Counsel & Company Secretary

Enel: a/a

125, Kandivli Industrial Estate, CT5 No. 328, Kandivli (West), Mumbai 400 067 (Maharashtra), India ^| T:+91 22 6210 5000 F:+91 22 6210 5005 Regd. Office: 48, Kandivli Industrial Estate, Kandivli (West), Mumbai 400 067 (Maharashtra), India ^| T: +91 22 6647 4444 E: ipca@ipca.com CIN: L24239MH1949PLC007837

DISCLOSURE UNDER REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND

DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

ACQUISITION OF FURTHER 6.53% OF THE PAID-UP SHARE CAPITAL OF M/S. TROPHIC WELLNESS PVT. LTD. (TWPL)

a.	Name of the target entity, details in brief such as size, turnover etc	Trophic Wellness Pvt. Ltd. (TWPL) (CIN U24100MH2010PTC206526) 142-AB, Kandivli Industrial Estate Kandivli (West), Mumbai - 400 067 For the financial year ended 31st March 2022: 96.75 crores Total Income : Rs. EBIDTA 24.70 crores : Rs. Profit Before Tax : Rs. 22.72 crores Profit After Tax 17.04 crores : Rs. TWPL engaged the business of is in manufacturing and marketing of several SKUs of Neutraceuticals under the brandname "Nutricharge". The company's manufacturing facility is situated at Sikkim. TWPL is debt free.
b.	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"	acquisition This does not fall within the related / transaction the promoter promoter party and group/ group companies interest have no in the shares being acquired.
c.	Industry to which the entity being acquired belongs	TWPL engaged the business of is in manufacturing and marketing of several SKUs of under Neutraceuticals the brandname "Nutricharge".
d.	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)	This further acquisition of shares will consolidate the Company's holding in this profitable subsidiary the Company to grow and wil help its neutraceuticals portfolio and business.
e.	Brief details of any governmental or regulatory approvals required for the acquisition	Prior governmental or regulatory approval not is required for this acquisition.
f.	Indicative time period for completion of the acquisition	This acquisition is made from 9.12.2022 to 16.12.2022.
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www.ipca.com

9-	Nature of consideration - whether cash consideration or share swap and details of the same	Cash Consideration of Rs. 10.58 crores for 2,64,600 equity shares of TWPL acquired 400/- per @ Rs. share.
h.	Cost of acquisition or the price at which the shares are acquired	Cash Consideration of Rs. 10.58 crores was paid for acquisition of shareholding the additional 6.53% of - TWPL 2,64,600 equity shares 400/- @ per Rs. share.
	Percentage of shareholding / control acquired and / or number of shares acquired	additional acquisition of With this 6.53% of shareholding TWPL, Company the now holds in 58.88% of TWPL's paid up equity share capital.
J	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)	Trophic Wellness (TWPL), company Pvt. Ltd. a in the year 2010 incorporated under the Companies engaged Act, 1956 and the business of in is manufacturing marketing of and several SKUs of brandname "Nutricharge". Neutraceuticals under the Company's manufacturing facility The situated is at Sikkim. registered of the Company is situated The office at Industrial Plot 142-AB, Kandivli Estate, Kandivli (West), Mumbai - 400 067. The financials of TWPL are as under: (Financial year ended 31st March) (Rs. Crores)
			2022 (Audited)	2021 (Audited)	2020 (Audited)
		Total Income	96.78	102.82	85.74
		EBIDTA	24.70	32.91	24.51
		Profit before Tax	22.72	30.70	21.96
		Provision for Tax	5.68	8.93	6.44
		Profit after tax	17.04	21.77	15.52
		EPS	42.07	53.74	38.32
		Share Capital	4.05	4.05	4.05
		Reserves & Surplus	97.37	80.36	58.58
		Net worth	101.42	84.41	62.63
		TWPL is debt free.

125, KandivlilndustrialEstate,CTSNo. 328, Kandivli (West), Mumbai 400 067 (Maharashtra), India ^| T:+91 22 6210 5000 F:+91 22 6210 5005 Regd. Office: 48, Kandivli Industrial Estate, Kandivli (West), Mumbai 400 067 (Maharashtra), India ^| T: +91 22 6647 4444 E: ipca@ipca.com CIN: L24239MH1949PLC007837