SMS Pharmaceuticals Ltd — Capital/Financing Update 2022

Oct 18, 2022

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To
The Manager,	The Manager,
Corporate Filings Department,	Listing Compliance Department,
BSELimited,	National Stock ExchangeofIndia Ltd.
Phiroze Jeejeebhoy Towers,	ExchangePlaza,Plot no.C/l,G Block,
Dalal Street,	Bandra-Kurla Complex, Bandra(E),
Mumbai- 400 001.	Mumbai - 400 051.
Security Code: 532815	Symbol: SMSPHARMA

S.No	Particulars	Details
1	nameofthe target entity, details inbrief suchassize,turnoveretc.;	M/ s. Provenio Astral InternationalLLP(Formerly KnownasStudiom SquareLLP)LLPIN:AAM-1951.TheCapitalContributionoftheLLPisRs.2,00,00,000/- and Revenueason 31stMarch,2022isNil.

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	2	Whethertheacquisition would fall		No
		withinrelated party transaction(s) and
		whetherthepromoter/promoter
		group/group companies have any
		interest intheentitybeing acquired? If
		yes,natureofinterest and details
		thereofandwhetherthesameisdone
		at"arms length";
	3	industrytowhich	theentitybeing	Other Business activities
		acquiredbelongs
	4	objects and effectsofacquisition		M/s.Provenio Astral InternationalLLP
		(includingbut	notlimitedto,	(FormerlyKnownasStudiom	SquareLLP)
		disclosureofreasonsforacquisitionof		is engaged in the business	ofBuying,
		target entity,ifits	businessisoutside	Selling, Importing,Exporting,	Promoting,
		the mainlineofbusinessofthe listed		Marketing,Dealing in all typesofgoods
		entity);		on Wholesaleaswellason	Retail basis
				and other businessactivities.
				Provenio Astral is proposed	todevelop
				pharmaceutical parksinvarious countries
				especially in Southeast Asian Countries.
				Thisstrategicpartnership may help t he
				companytoexpand its business in
				overseas and alsoIftheCompany wishto
				establish any facility in overseas in future.
				This partnership will benefit	toprocure
				esta blishedconnectivity facilitywith
				lesser price than the market,fromthe
				above said proposed projects.
	5	briefdetailsofany governmentalor		Not Applicable
		regulatory approvals requiredforthe
		acquisition;
	6	indicativetimeperiodforcompletion		The companyhasacquired	4.9%of
		oftheacquisition;		capital contribution in M/s. Provenio
				AstralInternationalLLP,	hasbeen
				completed on 18thOctober, 2022.
	7	natureofconsideration -whethercash		CashConsideration Payment through
		considerationor	share swap and	Bank Cheque.
		detailsofthesame

Thirumale Digitally signed by Thirumalesh Tumma sh Tumma Date: 2022.10.18 18:03:59 +05'30'