May 13, 2021 The BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 532531

The National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 Scrip Code: STAR

Dear Sirs, Sub: Newspaper Advertisement - Notice of Postal Ballot In continuation to our intimation letter dated May 12, 2021 and in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed copies of newspaper advertisements regarding completion of dispatch of Notice of Postal Ballot dated May 10, 2021, published in Business Standard (English – Edition) and in Lokmat (Marathi Edition). A copy of the said advertisement is also hosted on the Company’s website at www.strides.com This is for your information and records. Thanks & Regards, For Strides Pharma Science Limited

Manjula Ramamurthy Company Secretary

Encl: As above

5-starhotels...New varieties of superfoods,quinoa, as well as couscousalso feature on this menu. Aselection of these dishes andtheir recipes are also availableon the company's websites,the spokesperson said.

IIP shoots...Sheadded the continuingele-vated fresh Covid-19 infec-tions posed substantive risksto the outlook for consumersentiment and economicactivity in several Indianstates.

There is a distinct down-side bias to our forecast of a20-25per centGDPexpansionin Q1 FY22,” addedNayar.

The cumulative contrac-tion in the index of industrialproduction during April-March (2020-21) was 8.6 percent, compared to de-growthof 0.8 per cent during thesame period a year earlier,indicating that growth wastepid even before lockdownstarted last year. Comparingthe IIP for March 2021 withMarch2019 reveals amarginalcontraction of 0.5 per cent.

There are signs of de-industrialisation with outputfalling in two successiveyears,” said Madan Sabnavis,chief economist at CARERatings.

Manufacturing sector out-put, which accounts for morethan 75 per cent of the index,saw growth of 25.8 per cent inMarch from 2.1 per centgrowth inFebruaryandacon-tractionof 22.8per cent a yearago. Similarly, mining, whichaccounts for over 14 per centof the index, grew 6.1 per centas compared to a 4.3 per centcontraction inFebruary anda1.3 per cent decline last year.

Growth in electricity gen-eration stood at 22.5 per centin March, as compared to acontraction of 8.2 per cent inthe samemonth last year.

Consumerdurablesoutputwitnessed the sharpest expan-sionof 54.9per cent inMarch,from(-) 36.8per cent last year,mainly due to low base.Capital goods output, whichreflects private sector invest-ment, grew 41.9 per cent incomparison to a (-) 38.8 percent fall last year.

Food inflation eased to2.02per cent compared to4.87per cent inMarch.Rural areaswitnessed higher inflation at9.57 per cent, while cities saw9.10per cent inflation in food.

The Reserve Bank of Indiahasprojectedan inflation rateof 5.2 per cent for the first halfof the current fiscal year.

The prices of vegetablesdeclined by 14.18 per cent inApril against a 4.83 per centfall inMarch. Prices of cerealsfell 2.87 per cent from a 0.69per cent decline inMarch.

Fruit saw its inflation raterising to 9.81 per cent in Aprilfrom 7.86 per cent in the pre-viousmonth.

Meat and fish saw the raterising to 16.68per cent inAprilfrom 15.09 per cent in March.On the other hand, eggs sawthe rate declining marginallyto 10.55per cent 10.60per centinMarch.

Vardhan...There’s a decline of 11,122 cas-es from the previous activecase load. Around 348,000new cases were registered ason Wednesday morningagainst 3,55,338 single-dayrecoveries. “We have to keepup thispacewith renewedandstringent focus on contain-mentmeasures for addressingthe present surge. Stringentadherence to implementationof micro-containment zoneshas helped,” the health min-ister said.

Vardhan said the govern-ment had supported states byproviding them PPE kits,drugs suchasRemdesivir,N95masks and ventilators. “Wewill continue todo this.Wearewith you in your needs. Makesure these things get utilisedwell,” he said while praisingthe states for their dedicationand patience in their fightagainst the pandemic.

Opportunity...In FY21 till February, India’snet foreign direct investment(FDI) inflow was $41 billion,and foreign portfolio invest-ment (FPI) $36 billion.Despite $104 billion ofdurable foreign currencyinflows, the dollar weakenedby just 2 per cent against the

rupee innominal terms, from75.30 in March 2020 to 73.90in February 2021. This is evenwhen the global dollar index,which measures the green-back’s strength against othermajor currencies, droppedby8.2 per cent from 99 to 90.9.

Therefore, the rupee hasthe scope to depreciate, espe-cially as there is a huge carrytrade in the offshore market.

“With significant openpositions in theUSD-INRcar-ry trade, a vibrant non-deliv-erable forward market withbig players and a high for-wardpremium ... if due to anyevent, the positions areunwound, it can put signifi-cant depreciatingpressure onthe rupee, thus impactinginflation adversely,” wroteSoumya Kanti Ghosh, chiefeconomic advisor to the SBIgroup, in a report.

Importers don’t want toget caught even as some ofthis is getting materialisednow.

“Importers are rushing tocover their positions for thenext two months,” saidAbhishek Goenka,managingdirector of IFA Global.

“The Cairn issue is back(leading to some volatility inthe markets). Premiums areturning elevated and theReserve Bank of India isactive in the forwards mar-kets through sell-buy swapsto cool the rates. The rupeewouldbe ideally back to 74.50a dollar level in the nearterm,” said Goenka.

The rupee was trading at73.44 on Wednesday, downfrom its previous close of73.34, indicating a depreciat-ing bias.

Public sector banks couldlikely be absorbing inflows,i.e. buying spot and pushingthe purchases forward. Theone-year forward yield hasrisen to 5.30 per cent,approaching within strikingdistance of recent highs ofaround 5.40 per cent,” saidGoenka.

The rise in forwards couldindicate higher hedging.

FMCG...If e-commerce sales areexcluded, the sector growthstood at 9.3 per cent in theMarch quarter, 7.1 per cent inthe December quarter, and0.8 per cent in the Septemberquarter.

“As far as the January-March 2021 period is con-cerned, then the FMCG mar-ket has seen growth for thethird straight quarter.However, the spreadofCovid-19, especially into rural areas,is a key monitorable. If thevirus spreads drastically intorural areas, it will have animpact on theFMCGmarket,”Diptanshu Ray, NielsenIQSouth Asia lead, said.

This concernhas alsobeenflagged by HindustanUnilever (HUL), the country'slargest consumer goods com-pany. In an interview toBusiness Standard last week,HUL Chairman and MDSanjiv Mehta said the spreadof Covid into rural areaswould impact economic

activity.While the impact on

demand typically shows upwith a lag in FMCG, the fore-cast of a challengingperiodasthe virus spreads across thecountry hardly bodeswell forthe industry.

The trendof strictermeas-ures in small towns and ruralareas in states suchasPunjab,Haryana, Kerala, MadhyaPradesh, Uttar Pradesh,Karnataka, Jharkhand, andChhattisgarhhas increased inMay, even as big cities in keystates remain vulnerable.Maharashtra’s daily coron-avirus caseload, meanwhile,has fallen, though the deathrate remains high, implyinglockdown curbs are likely tocontinue in the state till theend of the month, sectorexperts said.

Rural contributes nearly39 per cent to the overallFMCGsales,while urban con-tributes 61 per cent. Therevival seen in the last threequarters in FMCG, saidSameer Shukla, customer suc-cess leader, NielsenIQ SouthAsia, has been led by rural,which grew 10.6 per cent inthe September quarter, 14.2per cent and 14.6 per cent inthe December and Marchquarters, respectively.

"Also, the shift fromunbranded to branded hasbeen growing in rural areas,thanks to the reverse migra-tion thathappened in the firstwave of the pandemic. Themonsoon was good last yearand the forecast for rains thisyear, too, remains positive. Ifthe spread can be containedin rural areas, it would go along way to aid growth,"Shukla said.

In fact, channel checks bytheagency showed that retail-ers in rural areas had beenstocking more products instores as rural consumptionshowed an uptick in the lastfew months. The number ofcategories stockedupby ruralretailers now stands at 27.3versus 26.8 earlier, Ray said.

"Retailers are willing todeal with a larger set of cate-gories, and they are doing sowithout putting any extraburden in terms of stockingspace or capital require-ments," he said.

E-commerce growth, onthe other hand, has taperedoff from the peak visible dur-ing the lockdown and unlockphases last year. From levelsof about 30.3 per cent in theSeptember quarter, e-com-merce growth halved in theMarch quarter, touching 15.7per cent, according toNielsen.

Also, foods as a categorycontinues to grow ahead ofnon-foods, inpart due topric-ing action in theMarch quar-ter. The 13 per cent growthseen in theMarch quarter forfoods, said Nielsen, was ledby the 4 per cent volumegrowth and 8 per cent price-led growth during the period.In non-foods, which includesthe home and personal caresegments, volume growthstood at 5 per cent and price-led growth declined by 2 percent during the January-March period.

ECONOMY&PUBLICAFFAIRS 13>

MUMBAI | THURSDAY, 13 MAY 2021

> FROM PAGE 1

BS SUDOKU #3356

SOLUTION TO # 3355

VVeerryy hhaarrdd««««««««««Solution tomorrow

HHOOWW TTOO PPLLAAYYFill in thegridso thateveryrow,every columnandevery3x3boxcontains thedigits 1 to9

Oppn leaders write to PM,seek free mass vaccinationPRESSTRUSTOF INDIANewDelhi, 12May

Leaders of 12 oppositionparties Wednesdaywrote to Prime Minister

NarendraModi, seeking a freemass vaccination campaignagainstCovid-19,andasuspen-sionoftheCentralVistaprojectanddivert themoneytoaidthefight against coronavirus.

Claiming that the Covid-19pandemic has turned into an"apocalyptic human tragedy"in the country, the oppositionleaders, including Congresspresident Sonia Gandhi andsome chief ministers, alsodemanded the Centre providefood grains to the needy, andgive~6,000permonthtoall thejobless people.

In their joint letter inwhichtheymakenine suggestions tothe government, the leadershave also demanded a repealof the three Central farm lawswhich, they claimed, will helpprotect lakhs of 'annadatas'(food-growers) frombecomingthe victimsof pandemic.

A large number of farmersare sitting in protest at threeborders of Delhi, seeking thefarm laws passed by

Parliament in September lastyear be scrapped.

Apart fromCongress presi-dent Gandhi, the signatoriesinclude formerprimeministerand JDS leader H D DeveGowda, NCP supremo SharadPawar, chiefministersUddhavThackeray (Shiv Sena),Mamata Banerjee (TMC), MKStalin (DMK), and HemantSoren (JMM).

Former chief ministersFarooq Abdullah (NC) andAkhilesh Yadav (SP) have also

signed the letter, alongsideTejashwi Yadav (RJD), D Raja(CPI) and Sitaram Yechury(CPI-M). The leadershave saidthe Covid-19 pandemic hasassumed unprecedenteddimensions of a human catas-trophe in the country. Theynoted that they have in thepast also suggested to the gov-ernment the measures theybelieved were "absolutelyimperative" for the Centre toimplement to arrest the situa-tion. "Unfortunately,yourgov-

ernment has either ignored orrefused all these suggestions.Thisonlycompoundedthesit-uation to reachsuchanapoca-lyptic human tragedy," theysaid.Withoutgoing intoall the"actsofcommissionandomis-sion" by the Central govern-ment that have brought thecountry to sucha "tragicpass",the opposition leadersdemanded that thenewmeas-ures suggested by them mustbe undertaken on a war foot-ing.

"Procure vaccines centrallyfrom all available sources -global and domestic.Immediately begin a free, uni-versal mass vaccination cam-paign across the country.Invokecompulsorylicensingtoexpand domestic vaccine pro-duction.Spendbudgetaryallo-cation of Rs 35,000 crores forthe vaccines," the leaders saidin their letter. "Stop CentralVista construction. Use theallocatedmoney forprocuringoxygen and vaccines, instead.Release all money held in theunaccounted private trustfund, PM Cares to buy morevaccines, Oxygen andmedicalequipmentrequired," theyalsotold theprimeminister.

Constitutional violation to notcall GST Council meet, says MitraWestBengalFinanceMinisterAmitMitraonWednesdayflaggedtheissueof“alarming”GSTcompensationshortfallduetothesecondCovidwaveandurgedhisUnioncounterpartNirmalaSitharamantoconveneaGSTCouncilmeetingattheearliest,sayingitwasaconstitutionalviolationtonotholdthemeetingforoversixmonths.Mitrasaidthegoodsandservicestax(GST)compensationshortfallwasexpectedtobemuchhigherthanthe~1.56trillionestimatedlastyear, indicatingtheneedtoreworktheshortfallestimationandborrowingrequirement. InalettertoSitharamanonWednesday,Mitracalledit“undoubtedlydeeplydistressing”. BS REPORTER

FORM GINVITATION FOR EXPRESSION OF INTEREST

(Under Regulation 36A (1) of the Insolvency and Bankruptcy (Insolvency ResolutionProcess for Corporate Persons) Regulations, 2016

RELEVANT PARTICULARS1. Name of the corporate debtor BKM Industries Limited2. Date of incorporation of corporate debtor 25/03/20113. Authority under which corporate debtor is Ministry of Corporate Affairs, ROC- Kolkata

incorporated / registered4. Corporate identity number / limited liability L27100WB2011PLC161235

identification number of corporate debtor5. Address of the registered office and principal Registered office address a per the MCA Records:

office (if any) of corporate debtor Bikaner Building, 3rd Floor, 8/1 Lal Bazar Street, KolkataWest Bengal- 700001, India.

6. Insolvency commencement date of the corporate 30th December 2020 as per the order of the said date ofdebtor Hon'bleNationalCompanyLawTribunal Benchat Kolkata.

(The order was uploaded on the website of NCLT on 31stDecember 2020).

7. Date of invitation of expression of interest 13th May, 2021 -Reissue8. Eligibility for resolution applicants under section Details can be sought by mailing at kdutta.ip@gmail.com

25(2)(h) of the Code is available at:9. Norms of ineligibility applicable under section Available at the website of the IBBI:

29A are available at: https://ibbi.gov.in/legal-framework/act or can be obtainedby mailing at kdutta.ip@gmail.com

10. Last date for receipt of expression of interest 28th May, 202111. Date of issue of provisional list of prospective 2nd June, 2021

resolution applicants12. Last date for submission of objections to 7th June, 2021

provisional list13. Date of issue of final list of prospective resolution 12th June, 2021

applicants14. Date of issue of information memorandum, 7th June, 2021

evaluationmatrix and request for resolution plansto prospective resolution applicants

15. Manner of obtaining request for resolution plan, TheResolutionProfessional (RP)will share the documentsevaluation matrix, information memorandum throughElectronicMail / VirtualDataRoomafter verificationand further information of KYC, eligibility under Section 29A of IBC, 2016 and

eligibility criteria, as approved by CoC.16. Last date for submission of resolution plans 7th July, 202117. Manner of submitting resolution plans to resolution Soft copy: By emailing at kdutta.ip@gmail.com or in a

professional pen drive in a password protected file.Hard copy: By speed post/ hand delivery at the addressgiven in serial no. 21

18. Estimated date for submission of resolution plan 6th August, 2021to the Adjudicating Authority for approval

19. Name and registration number of the resolution Mr. Kanchan Duttaprofessional IBBI/IPA-001/IP-P00202/2017-18/10391

20. Name, Address and e-email of the resolution Mr. Kanchan Duttaprofessional, as registered with the Board Chatterjee International Centre, 14th Floor, Flat No-13A

33A, J.L Nehru Road, Kolkata-700 071kanchan@kgrs.in

21. Address and email to be used for correspondence Mr. Kanchan Duttawith the resolution professional Chatterjee International Centre, 17th Floor, Flat No-13A

33A, J.L Nehru Road, Kolkata-700 071kdutta.ip@gmail.com

22. Further Details are available at or with Details can be obtained bymailing at kdutta.ip@gmail.com23. Date of publication of Form G 13th May, 2021NOTE:As the CIRP period is ending 28th June 2021,if any EOI/Resolution Plan is received the period of CorporateInsolvency Resolution Process (CIRP) of the Corporate Debtor may be extended with approval of members ofCommittee of Creditor as per the provisions of the Insolvency and Bankruptcy Code, 2016.

Sd/-Kanchan Dutta

Resolution Professional of BKM Industries LimitedIBBI Reg. No: IBBI/IPA-001/IP-P00202/2017-18/10391

Chatterjee International Centre, 17th Floor, Flat No-13A, 33A, J.L Nehru Road, Kolkata-700 071(M): 9007064061, (T): + 91 33 4005 6199

Email Id: kdutta.ip@gmail.com, kanchan@kgrs.inDate:13.05.2021Place: Kolkata