Unichem Laboratories Ltd. — Audit Report / Information 2019

Jan 23, 2019

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January 23,201 9

Department of Corporate Services

Bombay Stock Exchange Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, - 400 00 1

Mr. Hari K

Vice President - Operations National Stock Exchange of India Ltd Exchange Plaza, Bandra - Kurla Complex Bandra (East), Mumbai - 400 05 1

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Dear Sir,

Ref: BSE Scrip Code - 506690 : NSE Symbol - UNICHEMLAB Sub: Auditors Certificate - Allotment Money for ESOP

Please find enclosed Certificate in respect of allotment money received for 40175 sliares and allotted on October 30, 201 8 to of the Company pursuant to the ESOP 2008 Scheme for your record.

Thanking you,

Yours Faithfully, For UNICHEM LABORA ORIES LIMITED

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THAKORE

Head - Legal Company Secretary

Encl : As Above

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Registered Office: Unichem Bhavan, Prabhat Estate, Off S. Road, Jogeshwari (West), Mumbai 400 102, Maharashtra, India. Tel.: +91 (22) 66 888 333 Fax.: +91 (22) 2678 4391 . : www.unichemlabs.com . CIN :

Chartered Accountants

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N. A. SHAH ASSOCIATES LLP

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Certificate

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The Board of Directors

Unichem Laboratories Limited

auditor's Certificate for money received in respect of Stock Options Scheme, 2008 ('ESOS')

1. We have been requested by the management of Unichem Laboratories Limited ('the Company') having registered office at Unichem Bhavan, Prabhat Estate, Jogeshwari (West), Mumbai -400102 to certify that the Company has received the monies from the of the Company towards 40,175 equity shares issued under ESOS during the quarter ended December, 2018. We are informed that this certificate is required to be submitted to Bombay Stock Exchange (BSE) and the Stock Exchange (NSE) in connection with the of the equity shares issued under ESOS.

Management's

1. The Management of the Company is for preparation and providing the information which are required to be certified as per para 1 above.

Auditor's

1. Pursuant to the requirements as given in para 1 above, it is our to give assurance by way of this certificate in respect of receipt of the monies from the of the Company towards 40,175 equity shares issued under ESOS during the quarter

ended December, 2018.

• We have on un-audited books of account for the quarter and nine months ended December, 2018 and document of ESOS, 2008 issued by the Company. We have verified Sank statements and records to the quarter ended December, 2018.

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1. We have carried out our examination in accordance with the Guidance Note on Reports or Certificates for Purposes (Revised 2016) issued by the of Chartered Accountants of The Guidance Note requires that we with the requirements of the Code of

Ethics issued by the of Chartered Accountants of

1. We have with the requirements of the Standard on (SQC) 1, for Firms that Perform Audits and Reviews of and Other Assurance and Services Engagements.

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... B 41-45, Paragon Centre, Pandurang Budhkar Marg, 400 01 3. 91-22-40733000 Fax : 91 -22-40733090 : infoQnashah.com

Chartered Accountants

N. A. SHAH ASSOCIATES LLP

Certificate (Continued)

Conclusion

1. Based on our examination and as per information and explanation given to us, we certify that the Company has received the application monies from the employee of the Company towards 40,175 equity shares issued under ESOS during the quarter ended December, 2018. Details are given in the table below:

Name of employee Rakesh Parikh (retired from service of the company on 31''August 2018)	Mode of receipt of share application money (Refer note1) ChequejNEFT	Total Options Exercised (no. of equity shares) ~~-~~	Share application money received (@Rs.46per share) (Refer note2) (Amount in Rs.)
		21,425	985,550
DilipKunkolienkar	Cheque	18,750	862,500

Note 1: Share application money received through cheque have been deposited and cleared in the month of August and September 2018.

Note 2: Face value was Rs. 5 per equity share at the time of announcement of ESOS, 2008 as per which exercise price was Rs. 115 per equity share. Consequent to reduction of face value to Rs. 2 per equity share, exercise price is proportionately adjusted to Rs. 46 per equity share.

Restriction on use

1. The certificate is provided solely for the purpose of submission to the stock exchanges (BSE and NSE) to comply with requirement as stated in para 1 above and should not be used for any other purpose. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this certificate is shown or into whose hands it may come without our prior consent in writing.

For N. A. Shah Associates LLP

Chartered Accountants Firm Registration No. Milan Mody Partner Membership No. 103286 Place: Mumbai

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B 41-45, Paragon Centre, Pandurang Budhkar Marg, Mumbai 400 0 1 3. 91 -2240733000 Fax : 91 -22-40733090 E-mail : info@nashah.com