STRIDES PHARMA SCIENCE LIMITED — Share Issue/Capital Change 2023

Oct 20, 2023

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October 20, 2023

BSE Limited

Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip code: 532531

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

Scrip code: STAR

Dear Sirs,

Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/ HO/ CFD/ CFD-PoD-1/ P/ CIR/ 2023/ 123 dated July 13, 2023

This is to inform you that Management Committee of the Board of Directors of the Company in their meeting held today have allotted 3,50,000 equity shares of face value of Rs. 10/- each to M/s. Karuna Business Solutions LLP (Warrant Holder) upon conversion of equivalent number of warrants to equity shares. These shares shall rank in pari passu with the existing equity shares of the Company in all respects.

Consequent to above, paid-up share capital of the Company has increased from Rs. 90,33,28,540 consisting of 9,03,32,854 equity shares of Rs. 10/- each to Rs. 90,68,28,540 consisting of 9,06,82,854 equity shares of Rs. 10/- each.

Disclosure under Regulation 30 of SEBI Listing Regulations read with SEBI circular dated September 9, 2015, bearing reference no. CIR/CFD/CMD/4/2015 ("SEBI Circular’), read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 are provided in ‘ Annexure 1’.

Request you to take the above on record.

Thanks & Regards,

For Strides Pharma Science Limited,

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MANJULA Digitally signed by MANJULA RAMAMUR RAMAMURTHY Date: 2023.10.20 THY 18:10:56 +05'30' Manjula Ramamurthy Company Secretary ICSI Membership No.: A30515

Encl: As above

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Annexure 1

Disclosure under Regulation 30 read with Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) and SEBI Circular bearing reference SEBI/ HO/ CFD/ CFD‐PoD‐1/ P/ CIR/ 2023/ 123 dated July 13, 2023

		#	Particulars	Particulars	Details	Details	Details	Details	Details
		1.	Type of securities proposed tobe issued		Equity Shares pursuant to conversion of Warrants
		2.	Type of issuance		Preferential allotment
		3.	Total number of securitiesproposed to be issued or thetotal amount for which thesecurities will be issued(approximately)		Allotment of 3,50,000 Equity Shares of face value of Rs.10/‐ each upon conversion of equal number of Warrants atan issue price of Rs. 442/‐ each (inclusive of a premium ofRs. 432/- per share).
		4.	Additional information i	n case	of Preferent	ial Issue
		i.	Names of the Investors		Karuna Bu	siness Solutions LLP
		ii.	Post allotment of securitie	s
			Ot f th b	ti	Alltt	f 350000 Eit S	f f l	f R
		a.	ucome o e suscrissue price/ allotted price	pon,	omen10/‐ each u	o ,, quypon conversion of eq	ares o ace vaue oual number of Warra	s.nts atm of
			(in case of convertibles)		an issue prRs. 432/- p	ice of Rs. 442/‐ each (er share).	inclusive of a premiu
		b	Number of investors		One
		c.	In case of convertibles –intimation on conversion ofsecurities or on lapse of thetenure of the instruments		Allotment of 3,50,000 equity shares of face value of Rs. 10/‐per share of the Company upon exercise of 3,50,000warrants.

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