SPARC Receives ₹150 Cr Preferential Warrant Allotment Funds

Date: May 25, 2026

Financial Results (Fundraising)

Sun Pharma Advanced Research Company Limited has received consideration of ₹149,99,64,500 (Indian Rupees One hundred forty nine crore ninety-nine lakhs sixty four thousands and five hundred only) from Shanghvi Finance Private Limited on May 19, 2026. This amount represents the full consideration for the preferential allotment of 3,85,10,000 Convertible Warrants made on May 19, 2026. Each warrant is convertible into one equity share of face value of Re. 1 each at an issue price of Rs. 155.80 per warrant.

Transaction Details

| Particulars | Details |

| Name of Allottee | Shanghvi Finance Private Limited |

| Number of warrants allotted | 3,85,10,000 |

| Amount received | ₹149,99,64,500 |

| Bank details | ICICI Bank, Mumbai-Nariman Point |

| Bank account number | 000405006328 |

| UTR Numbers | ICICR42026051900505658, ICICR42026051900505656, ICICR42026051900505659, ICICR42026051900505657 |

| Date of receipt | May 19, 2026 |