Pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015, we hereby inform you that Wockhardt Bio AG, a Subsidiary of the Company, has incorporated three new Wholly Owned Subsidiaries Wockhardt Swiss AG (Switzerland), Wockhardt Suisse USA Holding Corporation (USA) and Wockhardt Suisse USA LLC (USA). Consequent to the Incorporation, Wockhardt Swiss AG, Wockhardt Suisse USA Holding Corporation and Wockhardt Suisse USA LLC have become Step- Down Subsidiaries of the Company.