Ipca Laboratories - Allotment Of Equity Shares Under ESOS

Ipca Laboratories Ltd has informed that the Board of Directors of the Company at its meeting held on November 26, 2007, has allotted 88,750 fully paid-up equity shares of Rs 10/- each of the Company @ Rs 200/- per equity share upon exercise of options by allottees to whom options were granted on September 23, 2006 pursuant to Ipca Laboratories Ltd - Employees Stock Option Scheme 2006.

The equity shares now allotted would rank pari-passu in all respects with the existing paid-up equity share capital of the Company.

With this allotment, the paid up equity share capital of the Company is now increased to Rs 25,08,87,500/- divided into 2,50,88,750 equity shares of Rs 10/- each.