SOLARA ACTIVE PHARMA SCIENCES LIMITED — Capital/Financing Update 2019

Mar 8, 2019

' SOLARA Active Pharma Sciences , ,

Communication Address Sciara Active Pharma Sciences Limited

"Batra Centre"

No. 28, Sardar Patel Road, Post Box 2630 Guindy, Chennai - 600 032, India Tel : +91 44 43446700, 22207500 Fax : +91 44 22350278

March 8, 2019

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

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

Scrip Code: 541540

Scrip Code: SOLARA

Dear Sirs,

Sub: Allotment of convertible warrants

• Ref: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

We wish to inform you that the Board of Directors of the company has passed a resolution by circulation with respect to allotment of 1,05,00,000 convertible warrants in compliance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 as detailed below

SNo	Name of the allottee	Number of convertible
		warrants allotted
1	Mr. Arnn Kumar Pillai	20,00,000
2	_Mis_Pronomz Ventures LLP	10.00,000
3	M/s Karuna Business Solutions LLP	35,00,000
4	TPG Growth IV SF Pte. Ltd	40.00.000
	Total warrants allotted	1,05,00,000

The warrants are convertible into equivalent number of equity shares within a period of 18 months.

We request you to take the same on record.

Thanking you,

Yours faithfully,

For Solara Active Pharma Sciences Limited

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Solara Active Pharma Sciences Limited - CIN : U24230MH2017PLC291636 REGD. OFF: 201, Devavrata, Sector 17, Vashi Navi Mumbai - 400703. India/ Tel: 91-22-2789 2924 / 2789 3199 I Fax: 91-22-2789 2942