Granules India Ltd has informed BSE that the Board of Directors of the
Company at its meeting held on July 23, 2015, inter alia, has:

1. Approved the investment of up to Rs. 20 Crores in GIL Lifesciences Pvt.
Ltd., a wholly owned Indian Subsidiary of the Company.

2. Approved the issue of 1,86,56,000 warrants on preferential basis to M/s.
Tyche Technologies Pvt. Ltd., a promoter group Company, subject to approval
of the members, at a price arrived at in accordance with the SEBI (ICDR)
Regulations, 2009.

3. Fixed the date of Extra-Ordinary General Meeting of the members of the
Company on August 24, 2015 to consider the issue of warrants on
preferential basis to Promoter Group Company

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