Torrent Pharmaceuticals Ltd. — Capital/Financing Update 2021

Mar 25, 2021

-torrent- E PHARmA

25[th ] March, 2021

The Dy. General Manager (Listing Dept.) BSE Limited, Corporate Relationship Dept., 1[st ] 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, 5[th ] Floor, Plot No. C/1, G. Block, Bandra - 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 the Company has subscribed to paitnership interest in ABCD Technologies LLP (to be renamed as IndoHealtb Services LLP).

The disclosure pursuant to Regulation 30 of the Listing Regulations and Clause A(l) of Part A, Schedule III of the Listing Regulations, is attached as per "Annexure I".

The above is for your information and record.

Thanking you,

Yours sincerely,

For TORRENT PHARMACEUTICALS LIMITED

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Encl: Annexure I

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

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Annexure I

Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 under Clause A(l) of Part A, Schedule III of the aforesaid regulations on subscription of partnership interest in .a.BCD Technologies LLP (to be renamed as lndoHealth Services LLP ) by the Company.

lndoHealth Services LLP ) by the Company.
a) Name of the target entity, detailsibrief such as size, turover etc.:	i)Name of the Target entity: ABCD Technologies LLP (to be renamed as lndoHealth Services LLP), herein afer refrred to as the Target entity. ii) Details of Target entity: The Target entity is a recently incorporated limited liability partnership ('LLP') and has not commenced anybusiness activities.
b) Whether the acquisition would fall within related patty transaction(s) and whether the promoter/promoter group/group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof ancl whether the same is done at "Arms-length";	No.
c) Industry to which the entity being acquired belongs;	Healthcare services.
d) Objects and effects of acquisition (including Initiative with an objective to fcilitate, enable but not limited to, disclosure of reasons for and promote effciency and Good Distribution acquisition of target entity, if its business is Practices ('GDP') including digitizing outside the main line of business of the listed healthcare infastructure in India, inter alia, in entity; support of the National Digital Health Mission of Government of India ('Business'). The proposed LLP structure would inter alia ensure transparent and effective competition to the beneft ofpatients in India.
e) Brief details of any governmental or None. regulatory approvals required fr the acquisition;
f) Indicative time period for completion of the NA acquisition;

TORRENT PHARMACEUTICALS LIMITED

CIN: L24230GJ1972PLC002126

Reg.Office : Torrent House, Off Ashram Road, Ahrnedabad - 380 009, India. Phone: +91 79 26599000, Fax : +91 79 265821 oci, www.torrentpharma.com

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i) Percentage of shareholding I control acquired and/or number of shares acquired; j) Brief background about the entity acquired in terms of products/line of 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);

Upto 20% share of profit/ loss in the Target entity.

The Target entity has been incorporated on 10 [111 ] February, 2021.

The Target entity is a newly incorporated LLP and has not commenced any business activities. The Target entity would engage in the Business through one or more subsidiary / LLP.

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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