Torrent Pharmaceuticals Ltd. — Capital/Financing Update 2021

Apr 1, 2021

l st April, 2021

The Dy. General Manager (Listing Dept.) BSE Limited, Corporate Relationship Dept., 1st Floor, New Trading Ring, P. J. Towers, Dalal Street, Fort, Mumbai - 400 001 (BSE Scrip Code: 500420)

The Manager - Listing Dept., National Stock Exchange of India Ltd., Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Sandra - Kurla Complex, Bandra (E), Mumbai - 400 051 (NSE Scrip Code: TORNTPHARM)

Dear Sir,

Sub.: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

We would like to inform you that DigiHealth Technologies LLP, the wholly owned entity of our Indian investee entity i.e. ABCD Technologies LLP (to be renamed as IndoHealth Services LLP), has agreed to · acquire 100% ownership interest in Pharmarack Technologies Private Limited in tranches. The details as required under Listing Regulations read with Circular No. CIR/CFO/CMD/4/2015 dated 9th September, 2015 are given in Annexure I to this letter.

We request you to kindly take this in your record and disseminate.

Thanking you,

Yours sincerely,

For TORRENT PHARMACEUTICALS LIMITED

MARESH AGRAWAL ~ VP (LEGAL)& COMPANY SECRETARY

Encl: Annexure I

TORRENT PHARMACEUTICALS LIMITED GIN : L24230GJ1972PLC002126

Reg.Office: Torrent House, Off Ashram Road, Ahmedabad - 380 009, lnd\a. Phone: +91 79 26599000, Fax: +91 79 26582100, www.torrentpharma.com

ANNEX.URE-I

Details as per the Securities and Exchange Board_ of India circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015

Sr. No.	Particulars	Detail
a.	Name of the target entity, details in brief such as size, turnover etc.	Name of the Target Entity: (i)
		Pharmarack Technologies Private Limited ("Pharmarack").
		Details of the Target Entity: (ii)
		Phannarack operates a digital platform aimed at integrating and solving problems across the pharmaceutical supply chain. Its platform offers/ proposes to offer products across supply chain including order automation, fulfilment services & optimization, digital payments, working capital optimization, analytics and market insights.
b.	Whether the acquisition would fall within related patty transaction(s)and whether 1 group I the promoter/promoter group/ companies have any interest in the entity , being acquired? If yes, nature of interest and details thereof and whether the same is one at "arms-length"	Not a related party transaction
C.	Industry to which the entity being acquired belongs	Healthcare Industry
d.	of Objects and effects acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line' of business of the listed entity)	A step by ABCD Technologies LLP (to be renamed as IndoHealth Services LLP) towards the initiative with an objective to facilitate, enable and promote efficiency and . Good Distribution Practices ('GDP') including digitizing healthcare infrastructure in India, inter alia, in support of the National Digital Health Mission of Government of India ('Business'). The acquisition is and will be done by its wholly owned entity DigiHealth Technologies LLP. ----------------~ I

TORRENT PHARMACEUTICALS LIMITED CIN: L24230GJ1 972PLC0021 26

Reg.Office : Torrent House, Off Ashram Road, Ahmedabad - 380 009, India. Phone: +91 79 26599000, Fax : +91 79 26582100, www.torrentpharma.com

e.	Brief details of any governmental or regulatory approvals required for the	Not Applicable
f.	acquisition Indicative time period for completion of	I I'he upfront acquisition of 91.8% of
	the acqui~ition	shareholding in Pharmarack is expected to be completed within a period of 30 (thi1iy) days by purchase of shares from multiple
		existing shareholders in various lots.
		The remaining 8.2% of the shareholding in Pharmarack is likely to be acquired in
		multiple tranches over the next 5 (five) years.
g.	Nature of consideration - whether cash consideration or share swap and details of the same	Cash Consideration payable by DigiHealth Technologies LLP.
h.	Cost of acquisition or the price at which the shares are acquired	of Cost to DigiHealth acquisition Technologies LLP for upfront acquisition of 91.8% is INR 111 crores.
	I	. Cost of acquisition of remaining shareholding shall be linked to future performance of Pharmarack.
I.	Percentage of shareholding 7 control acquired and/ or number of shares acquired	Please refer to the response provided in point (f) above .
J.	Brief background about the entity terms of products/line of acquired 111 business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief)	(i) About the entity: Pharmarack operates a digital platform aimed at integrating and solving problems across the pharmaceutical supply offers/ chain. Its platform proposes to offer products across supply chain including order automation, fulfilment services & optimization, digital payments, working capital optimization, analytics and market insights. (ii) Date of Incorporation: September 21,
		2015
		(iii) Turnover history of last 3 years:

TORRENT PHARMACEUTICALS LIMITED CIN : L24230GJ1972PLC002126

Reg.Office: Torrent House, Off Ashram Road, Ahmedabad - 380 009, India. Phone: +91 79 26599000, Fax : +917926582100, www.torrentpharma.com

2019-2020: lNR 4,04,52,773/- 2018-2019: INR 2,14,87,907/-
2017-2018: INR 64,90,444/-
(iv) Country: India

TORRENT PHARMACEUTICALS LIMITED CIN : L24230GJ1972PLC002126

Reg.Office : Torrent House, Off Ashram Road, Ahmedabad - 380 009, India. Phone: +91 79 26599000, Fax : +91 79 26582100, www.torrentpharma.com