LYKA LABS LTD. - Outcome of Board Meeting (EGM on Sept 29, 2015)

Lyka Labs Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 27, 2015, the Board of Directors have given their consent to LyKa Exports Limited, its subsidiary to sell its Animal Healthcare Division to M/s. Alivira Animal Health Limited, a subsidiary of Sequent Scientific Limited, subject to approval by the shareholders of respective Companies i.e. Lyka Labs Ltd and Lyka Exports Limited.<BR><BR>The Company has convened an Extra Ordinary General Meeting of members of the Company on September 29, 2015 to seek their approval to the proposed sale of Animal Healthcare Division by Lyka Exports Limited.