Outcome of Board Meeting

The Board of Directors at its meeting held today, considered and approved Audited Financial Results for the Half year ended 30th September, 2015, for the purpose of submission of Miscellaneous Application for deregistration of the Company from BIFR as per SICA 1985.

Gujarat Themis Biosyn Limited has recorded income from operations of INR 16.51 crores & Net Profit of INR. 2.31 crores as per the approved Audited Accounts for the half year ended 30th September, 2015. The unaudited Financial Results as per the Listing Agreement were submitted to the Stock Exchange on 5th November, 2015.

The Company’s Net Worth has turned positive much before as envisaged in the Scheme approved by the Hon’ble Board for Industrial and Financial Reconstruction (BIRF).