SOLARA ACTIVE PHARMA SCIENCES LIMITED — Major Shareholding Notification 2021

May 18, 2021

Communication Address: Solara 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 E-mail : investors@solara.com www.solara.co.in

May 18, 2021

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

Scrip Code: 541540

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

Scrip Code: SOLARA

Dear Sir/ Madam,

Sub: Press release – Promoter pledge reduces by 50%

We wish to inform you that Promoter Group of the Company have released substantial pledge of over 50%.

Currently the overall promoter group pledge stands at 8.25% of the promoter holding and 3.64% of the paid up capital of the company (as compared to 16.42% of the promoter holding and 7.24% of the paid up capital as at May 7, 2021, resulting in reduction of pledge by 50%).

The latest pledge release issued by the Promoters is attached as an Annexure for ready reference.

Thanking you, Yours Truly, For Solara Active Pharma Sciences Limited

S. Murali Krishna Company Secretary Disclosure by the Promoter(s) to the stock exchanges and to the Target Company for encumbrance of shares/ invocation of encumbrance/ release of encumbrance, in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Details of the creation of encumbrance	Release of Pledge on EQUITY SHARES - SOLARA ACTIVE PHARMA SCIENCES LIMITED
Name of the promoter or PAC on whose shares encumbrance has been created/ released/ invoked	PRONOMZ VENTURES LLP
Date of reporting	May 18, 2021
Names of the stock exchanges where the shares of the target company are listed	NATIONAL STOCK EXCHANGE OF INDIA LIMITEDBSE LIMITED
Name of the Target Company (TC)	SOLARA ACTIVE PHARMA SCIENCES LIMITED

Name of the promoter (s) orPACs with him*	Promoter holding in thetarget company(1)		Promoter holding alreadyencumbered (2)			Details of events pertaining to encumbrance (3)						Post event holding ofencumbered shares {creation[(2)+(3)] /release [(2)-(3)] / invocation[(1)-(3)]]
	Number	% oftotalsharecapital	Number	% oftotalsharecapital	Type ofevent(creation /release /invocation)	Date ofcreation/release/invocation ofencumbrance	Type ofencumbrance(pledge/ lien/non disposalundertaking/others)	Reasons forencumbrance**	Number	% ofsharecapital	Name ofthe entity inwhosefavor sharesencumbered***	Number	% oftotalsharecapital
PRONOMZ VENTURES LLP			19,77,400	5.50%	PledgeRelease	May 13, 2021	Pledge Release	Excess SecurityReleased	1,75,400 0.49%		Aditya Birla Money Limited	18,02,000	5.02%
	21,21,243	5.90%	18,02,000	5.02%	PledgeRelease	May 17, 2021	Pledge Release	Loan Repayment	9,10,000 2.53%		STCI Finance Limited	8,92,000	2.48%

For PRONOMZ VENTURES LLP

J S Ramaprasad Designated Partner

Place: Bengaluru Date: May 18, 2021

Disclosure by the Promoter(s) to the stock exchanges and to the Target Company for encumbrance of shares/ invocation of encumbrance/ release of encumbrance, in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Name of the Target Company (TC) SOLARA ACTIVE PHARMA SCIENCES LIMITED Names of the stock exchanges where the shares of the target company are listed NATIONAL STOCK EXCHANGE OF INDIA LIMITED BSE LIMITED Date of reporting May 17, 2021 Name of the promoter or PAC on whose shares encumbrance has been created/ released/ invoked CHAYADEEP VENTURES LLP Details of the creation of encumbrance Release of Pledge on EQUITY SHARES - SOLARA ACTIVE PHARMA SCIENCES LIMITED

Name of the promoter (s) orPACs with him*	Promoter holding in thePromoter holding alreadytarget companyencumbered (2)(1)				Details of events pertaining to encumbrance (3)							Post event holding ofencumbered shares {creation[(2)+(3)] /release [(2)-(3)] / invocation[(1)-(3)]]
	Number	% oftotalsharecapital	Number	% oftotalsharecapital	Type ofevent(creation /release /invocation)	Date ofcreation/release/invocation ofencumbrance	Type ofencumbrance(pledge/lien/non disposalundertakingReleased/others)	Reasons forencumbrance**	Number	% ofsharecapital	Name ofthe entity inwhosefavor sharesencumbered***	Number	% oftotalsharecapital
CHAYADEEP VENTURES LLP	10,05,000	2.80%	2,07,600	0.58%	Release	May 14, 2021	Release	Excess Securityreleased	2,07,600	0.58%	IIFL SECURITIES LIMITED	-	0.00%

For CHAYADEEP VENTURES LLP

J S Ramaprasad Designated Partner

Place: Bengaluru Date: May 17, 2021