We wish to inform you that, the Company Vivimed Labs Limited has credit arrangements with State Bank of India (SBI) / Indian Bank / Bank of bahrain and Kuwait. of which SBI dues have not serviced on time because of constraints owing to non-performance of business due to COVID and the account slipped into NPA. This was intimated to Stock Exchanges vide letter dated 28.06.2021. Since then the Company has submitted proposal for restructuring/ settlement. As it is mandatory to conduct forensic audit, SBI has initiated the same prior to considering restructuring / settlement proposal. We wish to categorically state that Vivimed Labs Ltd, a global company with strong internal controls and an effective audit system, is compliant with all applicable laws and regulations, across jurisdictions. The Company shall inform the exchanges of any further developments in the matter. This is for intimation to stock exchanges / general shareholders.