IPCA LABORATORIES LTD. - Certificate Under Regulation 40(9) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015

Pursuant to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a certified copy of the compliance certificate for the period ended September 30, 2017 under Regulation 40(9) issued by M/s. Parikh Parekh & Associates, practicing Company Secretaries.