Strides Shasun : Outcome of Postal Ballot - Approval of ESOP 2016

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8Strides Shasun

Strides Shasun I,in1ited

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April 22, 2016

The Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers,

Dalal Street, Mumbai -400 001

Scrip Code: 532531 Dear Sirs,

Sub: Outcome of Postal Ballot

The National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex,

Bandra (E), Mumbai - 400 051. Scrip Code: STAR

Ref: Regulation 44 (3) of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015

This has reference to our letter dated March 21, 2016 enclosing the Postal ballot Notice dated February 8, 2016 along with the Explanatory Statement seeking the consent of Members of the Company by way of special resolution with respect to the following items of business:

Item 1 Approval of "Strides Shasun Employee Stock Option Plan 2016" and grant of employee stock options to Employees of the Company under the Plan; and

Item 2 Approval to grant stock options to the Employees of the Company's subsidiaries under the "Strides Shasun Employee Stock Option Plan 2016".

In connection with the above and pursuant to Regulation 44 (3) of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, we would like to inform you that Resolutions 1 and 2 mentioned in the aforesaid notice have been passed by the members of the Company with requisite majority.

The approval is deemed to have been received on April 21, 2016. Please find enclosed the voting results along with Scrutinizer's Report.

This is for your information and records. Thanks & Regards

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For Strides ShasunLimited

Badree Komandur

Group CFO & Company Secretary

Enclosures:

I. Postal Ballot results in Regulation 44 (3) format

2. Combined Scrutinizer's Report on Postal Ballot & E-voting

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8Strides Shasun

I RESULTS OF POSTAL BALLLOT PU RSUANT TO REGULATION 44(3) OF THE SEBI LODR REGU LATION, 2015 I

Company Name STRIDES SHASUN LIMITED (formerlySTRIDES ARCOLAB LIMITED}

Date of the AGM/EGM NA

I I

Total number of shareholders on record date - March 11, 2016 72,802 No. of shareholders pree_11t ir,_ h-e:e:!l'l_g __i; __'._i _eerson or

Promoters and Promoter Group: NA

Pu blic:

No. of Shareholders attended the meeting through Video

I Promoters and Promoter Group: INA

Pu blic:

Item No.1

Resolutionrequired: (Ordinary/ Special) SPECIAL RESOLUTION - Approval of "Strides Shasun Employee Stock Option Plan 2016" and grant of employee stock options to Employees of the

Company under the Plan

Whether promoter/ promoter group are

NO

interested in the agenda/resolution?===

Promoter and Promoter Group

E-Voting

Poll I

!Postal Ballot

(if applicable}

27,826,184 26,309,631 94.55 26,309,631 100.00

NA NA NA NA NAI NA

Public- Institutions

E-Voting 41,818,246 20,083,257 48.03 12,210,068 7,873,189 60.80 39.20

Poll NA NA NA NA NA NA

Postal Ballot 138,000 0.33 138,000

(if applicable}

. 100.00

Public- Non Institutions

E-Voting 19,626,548 879,903 4.48 879,469 434 99.95 0.05

Poll NA NA NA NA NA NA Postal Ballot 71,752 0.37 68,707 3,045 95.76 4.24

(if applicable}

Item No. 2

Resolution required: (Ordinary/ Special} SPECIAL RESOLUTION - Approval to grant stock options to the Employees of the Company's subsidiaries under the "Strides Shasun Employee Stock O_e_tion Plan 2016.

Whether promoter/ promoter group are

NO

interested in the agenda/resolution?

E-Voting I I 26,309,631 I 94.551 26,309,631 I - I 100.00

Promoter and Promoter Group

Poll

Postal Ba!lot I

(if applicable)

27,826,1841

NA I NAI NA I NAI NA I NA

E-Voting 20,083,257 48.03 12,210,068 7,873,189 60.80 I 39.20

Public- Institutions

Poll

Pasta! Ballot

41,818,2461 NA I NA I NA I NAI NA I NA

Public- Non Institutions

(if applicable) 138,000 0.33 138,000 - 100.00

880,403	4.49	879,908	495	99.94 I	0.06
NA	NA	NA	NA	NA!	NA

E-Voting Poll

19,626,548

Postal Ballot

(ifapplicable) I 70,443 I o.36 I 62,52s I 7,918 I 88.76 I 11.24

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For Strides Shasun Limited

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Badree Komandur

Group CFO & Company Secretary

BG & Associates

SCRUTINIZER'S REPORT ON

POSTAL BALLOT ANO E-VOTING

{Pursuant to Sec.110 and 108 of the Comr-anies Act 2013 read with Con1panies (Management and Administration) Rttl ill H

To,

The Chairman

STRIDES SHASUN LIMITED

(Formerly known as Strides Arcolab Lirnited)

CIN: L24230MH1990PLC057062

201, DevavrataSoc 17,

Vashi, New Mumbai -400703 Maharashtra

Sub: Scrutinizer's Report on Postal Ballot and e-voting conducted vide Notice Dated FebruaryS, 2016 under Section llOand 108 of the Companies Act, 2013 read with Rules20 and 22 of the Companies (Management and Administration) Rules, 2014 of Strides Shasun Limited.

Dear Sir,

1. I, Binoy Chacko, Partner of BG & Associates, have been appointed as Scrutinizer by the Board of Directors of M/s. Strides Shasun Limited in their meeting held on February 8, 2016for conducting the postal ballot and e-voting process in a fair and transparent maru1er in terms of Section 110 and 108 of the Companies Act, 2013 read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014 for seeking the approval of the members of the Company for the following resolutions under the relevant Sections of the Companies Act, 2013:

Resolution 1:Special Resolution

Approval of "Strides Shasun Employee Stock Option Plan 2016" and Grant of Employee Stock Options to the Employees of the Company under the Plan.

RESOLVED that pursuant to the provisions of Section 62 and all other applicable provisions, if any, of the Companies Act, 2013 (the "Act") and the Companies (Share Capital and Debentures) Rules, 2014 (including any statutory modifications or re-enactment thereof), and the provisions of the Securities and Exchange Board of hldia (Share Based Employee Benefits) Regulations, 2014 including any modifications thereof or supplements thereto (the "Regulations") and such other approval as may be required including approval of the Foreign hlvestment Promotion Board ("FIPB"), if applicable and in accordance with the provisions of the Securities and Exchange Board of hldia (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") entered into with the Stock Exchanges where the shares of the Company are listed and subject to such approvals, consents, permissions and sanctions as may be necessary and

BG & Associates

Company Secretaries

463, 13th Cross, 10th Main

1/Jflson Garden, Bangalore w 560 027

Tel./Fax : +91 80 4120 7989 / 4120 6932

Email :lnfo@bgassoclates.i n

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