Ipca Laboratories: Board Meeting Outcome for To Enter Into Agreements By Bayshore Pharmaceuticals LLC USA With Unichem Laboratories Limited And Unichem Pharmaceuticals (USA) Inc So As To Integrate And Consolidate All The Ipca Group'S USA Generic Formulations Business Under One Entity

Entering into agreements by Bayshore Pharmaceuticals LLC USA (Bayshore) (wholly-owned step down subsidiary)with Unichem Laboratories Limited (Unichem India) (subsidiary company) and Unichem Pharmaceuticals (USA) Inc (Unichem USA) (wholly owned subsidiary of Unichem India) so as to integrate and consolidate all the Ipca Groups USA generic formulations business under one entity.