Outcome of Board Meeting

1. The Income from operations of Gujarat Themis Biosyn Limited (A BIRF Company) is as per the plan envisaged by the Management of the Company utilizing capacity to the fullest extent.

2. The Income from operations during the year ended 31st March, 2015 stood at Rs.3144.02 lakhs as compared to Rs. 3023.03 lakhs during the year ended 31st March, 2014.

3. Net Profit improved to Rs. 459.41 lakhs during the period under consideration compared to Rs. 452.60 lakhs during the last year.

4. EPS (Basic) at Rs. 3.16 for the current year compared to Rs. 3.12 during the last year.

5. Barring unforeseen circumstances, the Company expects to wipe off the negative net worth in 2015-16 much before the period for which the revival scheme is approved by BIFR.