Vivimed Labs Ltd. — Capital/Financing Update 2021

Sep 7, 2021

Date: 06.09.2021

BSE - Code : 532660 Mumbai - 400 ⁰⁵¹

BSE Limited National Stock Exchange of India Ltd. P.J.Towers, Dalal Street, Exchange Plaza,Plot no. C/1, G Block, Mumbai — 400001 Bandra-Kurla Complex, Bandra (E) NSE- Symbol: VIVIMEDLAB

Sub: Outcome of the Meeting of the Board of Directors of the Company — reg.

With respect to offer or invitation made earlier (Resolutions passed vide postal ballot notice dated 14.11.2019) to issue upto (a) 1,00,00,000 (One Crore only) warrants exercisable as per its terms and conditions ("Non - Promoter Warrants") and (b) 1,50,00,000 (One hundred Fifty Lakhs only) warrants exercisable as per its terms and conditions ("Promoter Warrants") on a preferential basis have been withdrawn by the company. The proposed allottees have withdrawn their consent to apply for warrants due to cash flow problems arised because of COVID-19. Hence the Board of Directors of the Company has approved the withdrawal of consent by all the Proposed allottees.

BSE -	Code : 532660	Mumbai - 400 051 NSE- Symbol: VIVIMEDLAB
Dear Sir/Madam
Sub:	Outcome of the Meeting of the Board of Directors of the Company — reg.
	The Board of Directors of the Company at its meeting held on September 06, 2021 inter alia, have approved / resolved/ taken note of the following:
1.	Withdrawal of earlier Proposed Preferential issue of warrants
withdrawn 2. To	With respect to offer or invitation made earlier (Resolutions passed vide postal ballot notice dated 14.11.2019) to issue upto (a) 1,00,00,000 (One Crore only) conditions ("Non - Promoter Warrants") and (b) 1,50,00,000 (One hundred Fifty Lakhs only) warrants exercisable as per its terms and conditions ("Promoter Warrants") on a preferential basis have been proposed The company. by the warrants due to cash flow problems arised because of COVID-19. Hence the Board of Directors of the Company has approved the withdrawal of consent by all the Proposed allottees. Proposal for Preferential Issue of Warrants: issue upto 4,25,00,000 (Four crores Twenty five lakhs only) promoters, subject to the necessary approvals and the warrants will be convertible into equivalent number of equity shares of Rs.2/- each and will be issued at a price Rs.25/- price specified in SEBI (Issue of Capital and Disclosure Requirements) (ICDR Regulations") and on	have withdrawn allottees	warrants exercisable as per its terms and apply for consent to their Warrants to Promoters / Non or not lower than the
	such further terms and conditions specified in the applicable laws/ guidelines/ regulations etc
	Group Proposed Allottees: Promoter/Promoter		No of convertible
	SI. No Name of the Proposed Allottees	Category	warrants to be allotted
	Tanmayi Varalwar	Resident Indian	25,00,000
_	Sanketh Varalwar	Non Resident Indian	50,00,000
2 3	Manas Varalwar	Resident Indian	25,00,000
4	Madhavi Varalwar	Resident Indian	25,00.000
		Total	1,25,00,000
	Non-Promoter(s)/Non-Promoter Group Proposed Allottees:
	Sl. No Name of the Proposed Allottees	Category	No of convertible
			warrants to be allotted 1,00,00,000
]	Yuga Infratech Private Limited	An Indian Private
		Limited Company	1,00,00,000
2	Procon Power Tech Private Limited	An Indian Private
		Limited Company

Promoter/Promoter Group Proposed Allottees:

Non-Promoter(s)/Non-Promoter Group Proposed Allottees:

1.	Withdrawal of earlier Proposed Preferential issue of warrants
withdrawn	With respect to offer or invitation made earlier (Resolutions passed vide postal ballot notice dated 14.11.2019) to issue upto (a) 1,00,00,000 (One Crore only) conditions ("Non - Promoter Warrants") and (b) 1,50,00,000 (One hundred Fifty Lakhs only) warrants exercisable as per its terms and conditions ("Promoter Warrants") on a preferential basis have been proposed The company. by the warrants due to cash flow problems arised because of COVID-19. Hence the Board of Directors of the Company has approved the withdrawal of consent by all the Proposed allottees.	have withdrawn allottees	warrants exercisable as per its terms and apply for consent to their
2.	Proposal for Preferential Issue of Warrants:
Warrants to Promoters / Non issue upto 4,25,00,000 (Four crores Twenty five lakhs only) To promoters, subject to the necessary approvals and the warrants will be convertible into equivalent or not lower than the number of equity shares of Rs.2/- each and will be issued at a price Rs.25/- price specified in SEBI (Issue of Capital and Disclosure Requirements) (ICDR Regulations") and on such further terms and conditions specified in the applicable laws/ guidelines/ regulations etc
	Group Proposed Allottees: Promoter/Promoter	Category	No of convertible
	SI. No Name of the Proposed Allottees		warrants to be allotted
_	Tanmayi Varalwar	Resident Indian	25,00,000
2	Sanketh Varalwar	Non Resident Indian	50,00,000
3	Manas Varalwar	Resident Indian	25,00,000
		Resident Indian	25,00.000
4	Madhavi Varalwar	Total	1,25,00,000
	Non-Promoter(s)/Non-Promoter Group Proposed Allottees:	Category	No of convertible
	Sl. No Name of the Proposed Allottees		warrants to be allotted
		An Indian Private	1,00,00,000
]	Yuga Infratech Private Limited	Limited Company
		An Indian Private	1,00,00,000
2	Procon Power Tech Private Limited	Limited Company
		An Indian Proprietary	1,00,00,000
3	Enviro Green Technologies	Concern Total	3,00,00,000

Vivimed Labs Limited.

CIN: L02411KA1988PLC009465 (j Registered Office: #78/A, Kolhar Industrial Area, Bidar, Karnataka - 585 403, India. T +91 (0} 8482-232045, F +91 (0) 8482-232436 Email: contactlavivimedlabs.com | www.vivimedlabs.com

'\, Corporate Office: Worth End, Road No. 2 Sanjara Hills, Hyderabad, » Telangana - 500 034, India. 6 GSTIN: 36AAACV6060A1ZQ T +91(0) 40-6608-6608, F +91(0) 40-6608-6699

• 1. Approved an enabling resolution for raising of funds through issue of equity shares through QIP/GDR/ADR/FCCB/Other Securities up to an amount of Rs.250 crores subject to approval of the Shareholders/ Regulatory and/or Statutory Authorities as applicable.
• 1. Meeting of Shareholders

The Board also approved that a meeting of the shareholders' of the Company shall be conducted vide postal ballot for seeking approval of aforementioned matters.

You are requested to take note of the above. Yours faithfully

For Vivimed Labs Limited Gyageroort andhar Company Secretary