Laurus Labs Limited — Regulatory Filings 2021

Nov 19, 2021

November 19, 2021

To	To
The Corporate Relations Department BSE Limited Phiroz Jeejeebhoy Towers, 25'" Floor, Dalal Street Mumbai- 400001	The Listing Department National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (East) Mumbai- 400 051
Code: 540222	Code: LAURUSLABS

Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sirs,

Laurus Labs has signed an investment agreement today with Immunoadoptive Cell Therapy Private Limited (lmmunoACT), an advanced cell and gene therapy company to acquire 26.62% stake (fully diluted basis), subject to completion of conditions precedent, for a cash consideration of approximately Rs. 46.00 Crores. Additionally, senior management of Laurus Labs would also invest in ImmunoACT for a 5.64% stake for approximately Rs. 9.75 crore at same price and terms

ImmunoACT was founded in 2018 under the aegis of liT Bombay incubator, Society for Innovation and Entrepreneurship (SINE) by Dr. Rahul Purwar. ImmunoACT has strong global partnerships including Dr. Carl June, pioneer of CART therapy as member of scientific advisory board. ImmunoACT has portfolio of CAR-T therapy assets under various development stages for the treatment of multiple auto immune diseases and oncology indications. The current promoters of ImmunoACT will continue to lead the management and operations oflmmunoACT.

Laurus labs investment in ImmunoACT is part of the larger strategy to strengthen biologics business of Laurus Labs and this provides us access and entry into an emerging field of research. CAR-T therapy is very promising treatment option which has had great success in the western part of the world. In India, CAR-T therapy is not available and this collaboration will help us in bringing this novel technology to the Indian patients at a very affordable pricing.

The disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Part A of Schedule III of the aforesaid regulations read with SEBI Circular No.CIR/CFD/CMD/4/2015 dated September 9, 2015, is also attached as per 'Annexure'.

This is for your information and record.

Yours faithfully, For Laurus Labs Limited

G. ~ Venkateswar Reddy Company Secretary

Encl: as above

Registered Office : Plot No:21.Jowaharlol Nehru Pharma City, Porawodo, Visakhapatnam · 531021, Andhra Pradesh, India. CIN : L2t.239AP2005PLC047518 T +91 891 660 1222, 306 1222. F +91 891 660 1270, 306 1270, E info@lauruslabs.com W laurusiabs.com

Annexure

Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

a) Name of the target entity, details in brief Immunoadoptive Cell Therapy Private such as size, turnover etc.;	Limited
	Turnover for FY 2019-20: Rs. Nil Turnover for FY 2020-21: Rs. Nil Turnover Hl FY 2021-22: Rs. Nil
b) Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest m the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arms length";	No, not a Related Party Transaction. Promoter/Promoter Group/ Group companies have no interest in the Company being acquired. However, some of the Promoters and senior management of Laurus Labs would also invest approximately Rs.9.75 Crore to acquire 5.64% stake with the same price and conditions.
c) Industry to which the entity being acquired belongs;	Treatment for Immuno deceases and particularly for Cancer treatment.
of Objects and effects acquisition d) (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 investment provides Laurus an access and entry into an emerging field of research. CAR-T therapy is very promising treatment option which has had great success in the western part of the world. In India, CAR-T therapy is not available and this collaboration will help us in bringing this novel technology to the Indian patients at a very affordable pncmg.
e) Brief details of any governmental or regulatory approvals required for the acquisition;	No governmental or regulatory approvals required
f) Indicative time period for completion of the acquisition;	of One month, subject to completion Conditions Precedent
g) Nature of consideration - whether cash consideration or share swap and details of the same;	Cash consideration only
h) Cost of acquisition or the price at which the shares are acquired;	Rs.46.00 Crore (approximately)
of shareholding I Percentage control i) acquired and I or number of shares acquired;	26.62% shareholding being acquired -.~

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);

ImmunoACT was founded in 2018 under the aegis of IIT Bombay incubator, Society for Innovation and Entrepreneurship (SINE) by Dr. Rahul Purwar. ImmunoACT has strong global partnerships including Dr. Carl June, pioneer of CART therapy as member of scientific advisory board. ImmunoACT has portfolio of CAR-T therapy assets under various development stages for the treatment of multiple auto immune diseases and oncology indications. The current promoters of ImmunoACT will continue to lead the operations and of management ImmunoACT. Date of Incorporation: 08.10.2018 Turnover: FY 2020-21: Rs. Nil FY 2019-20: Rs. Nil FY 2018-19: Rs. Nil

ABS $200000$