SOLARA ACTIVE PHARMA SCIENCES LIMITED — Capital/Financing Update 2019

May 16, 2019

Communication Address: Solara Active Pharma Sciences Limited Batra Centre No. 28. Sardar Pate! Road, Post Box 2630 Guindy, Chennai - 600 032. India Tel : +91 44 43446700, 22207500 Fax: +91 44 22350278

i SOLARA ..II Active t , Phanna Sciences

May 16, 2019

The National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex Bandra (E), Mumbai - '400 051

The BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400 001

Scrip Code: SOLARA

Scrip Code: 541540

Dear Sir/ Madam,

Sub: Grant of Options under Solara Employee Stock Option Plan 2018

We wish to inform you that the Nomination & Remuneration Committee of the Board of Directors of the Company has granted 40,000 stock options under Solara Employee Stock Option Plan 2018 to an eligible employee at an exercise price ofRs.332/- per option.

The options will vest over a period of 3 years and may be exercised within a period of 120 days from the date of vesting.

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Thanking you,

Yours faithfully,

For Solara Active Pharma Sciences Limited h� (.� Company Secretary

Solara Active Pharma Sciences Limited - CIN: L24230MH2017PLC291636 REGD. OFF: 201, Devavrata, Sector 17, Vashi Navi Mumbai-400703. India/ Tel: 91-22-2789 2924 / 2789 3199 / Fax: 91-22-2789 2942