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3 otes: The above results which are published in accordance with Regulation 33 of the SEBI (Listing Obligation & Disclosure Requireents), 2015 have been reviewed by the Audit Coittee and approved by the Board of Directors at their eeting held on January 29, The financial results are in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Copanies Act, 2013 read with Rule 7 of the Copanies (Indian Accounting Standards) Rules, 2015 and Copanies (Indian Accounting Standards) Aendent Rules, The Statutory Auditors of the copany have carried out a Liited Reviewof the above results. 2 The Ministry of Corporate Affairs (MCA),on 28th March, 2018, notified Ind AS 115 "Revenue fro Contracts with Custoers" as part of the Copanies (Indian Accounting Standards) Aendent Rules, 2018 and the sae is effective for accounting periods beginning on or after 1st April, The adoption of this standard did not have any aterial ipact to the financial stateents of the Copany. 3 As the Copany's business activity falls within a single operating segent viz "Pharaceutical and Healthcare", no segent inforation is disclosed. 4 During the quarter ended March 31, 2018 a aterial stepdown subsidiary naely Bliss GVSHealthcare Liited, airobi was disinvested and the analysis of revenue, epenses and profit & loss of discontinuing operations has been disclosed in consolidated results for the year ended March 31, 2018 as per para 33(b) of Ind AS 105 'on-current Assets held for Sale and Discontinuing Operations'. Accordingly, Revenue fro operations and epenses for the quarter and the nine onths ended Deceber 31,2018 is not coparable with the quarter and nine onths ended Deceber 31, Other incoe includes foreign echange loss of Rs Lakhs in standalone and consolidated financial result for the quarter ended Deceber 31, The figures for the quarter ended Deceber 31, 2018 are the balancing figures between unaudited figures in respect of the nine onths ended Deceber 31,2018 and the year to date published result for the half year ended Septeber 30, Previous year figures have been regrouped/reclassified wherever necessary. Place: Mubai Date: January 29,2019 For BLISS GVS PHARMA LIMITEJl S. Kaath Managing Director Din o : _c <; <"('_"S=_-'--_

4 KALYAIWALLA & MISTRY LLP CHARTERED ACCOUTATS The Board of Directors, Bliss GVS Phara Liited, 102, Hyde Park, Saki Vihar Road, Andheri (East), MU111bai Dear Sirs, LIMITED REVIEW REPORT 1. We have reviewed the accopanying Stateent of Unaudited Consolidated Financial Results of 'Bliss GVS Pharrna Liited' ('the Copany') for the quarter and nine onths ended Deceber 31, 2018, prepared by the Copany pursuant to the requireents of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requireents) Regulations, 2015, read with SEBI Circular O.CIRlCFD/FAC/62/2016 dated July 5, This Stateent is the responsibility of the Copany's Manageent and prepared in accordance with applicable Indian Accounting Standards (Tnd AS') specified under section 133 of the Copanies Act, 2013, read with relevant rules and has been approved by the Board of Directors at its eeting held on January 29, Our responsibility is to issue a report on these consolidated financial stateents based on our review. 3. We conducted our review in accordance with the Standard on Review Engageent (SRE) 2410, "Review of Interi Financial Inforation Perfored by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perfor the review to obtain oderate assurance as to whether the financial stateents are free of aterial isstateent. A review is liited priarily to inquiries of copany personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not perfored an audit and accordingly, we do not epress an audit opinion. 4. We did not review the financial stateents of 8 subsidiaries included in the stateent, whose financial results reflect the Group's share for the quarter and nine onths ended Deceber 31, 2018 for the under entioned ites. These financial stateents and other financial inforation have been reviewed by other auditors whose reports have been furnished to us by the anageent, and our opinion on the consolidated financial results, in so far as it relates to the aounts and disclosures included in respect of these subsidiaries and to the etent, they have been derived fro such financial stateents is based on the report of such other auditors. (In Lakhs) Particulars Quarter Ended ine Months Ended Deceber 31,2018 Deceber 31,2018 Total Revenue 12, , Profit After Ta 1, , LLP I: AAH 3437 REGISTERED OFFICE: ESPLAADE HOUSE, 29, HAZARIMAL SOMAI MARG, FORT. MUMBAI TEL.: (91) (22) , FAX: (91) (22)

5 KAlYAIWAllA & MISTRY llp 5. Based on our review conducted as above, nothing has coe to our notice that causes us to believe that the accopanying stateent of unaudited Consolidated Financial Results prepared in accordance with accounting standards and other recognised accounting practices and policies has not disclosed the inforation required to be disclosed in ters of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requireents) Regulations, 2015, read with SEBI Circular o. CIRlCFD/FAC/62/20 16 dated July 5, 2016, including the anner in which it is to be disclosed, or that it contains any aterial isstateent. 6. In our opinion and to the best of our inforation and according to the eplanations given to us the Stateent include financial results of the following subsidiaries included in the consolidation: Incorporated in India: 1. Krernoint Phara Liited 1.1. Eipii Eports Private Liited 1.2. Eco Rich Cosetics Private Liited Incorporated outside India: 2. Bliss GVS International Pte. Ltd Greenlife Bliss Healthcare Liited 3. Bliss GVS Clinic Healthcare Pte. Ltd. 4. Asterisk Lifesciences Liited (UK) 4.1. Asterisk Lifesciences (GH) Liited For KALV AIWALLA AD MISTRY LLP CHARTERED ACCOUTATS Fir Registration o W/WI00166 CfJ.»: Sai Venkata Rarnana Daarla PARTER Mebership o Mubai, January 29, 2019.

6 KALYAIWALLA & MISTRYLLP CHARTERED ACCOUTATS The Board of Directors, Bliss GVS Phara Liited, 102, Hyde Park, Saki Vihar Road, Andheri (East), Mubai Dear Sirs, LIMITED REVIEW REPORT 1. We have reviewed the accopanying Stateent of Unaudited Standalone Financial Results of 'Bliss GVS Phara Liited' ('the Copany') for the quarter and nine onths ended Deceber 31, 2018, prepared by the Copany pursuant to the requireents of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requireents) Regulations, 2015, read with SEBI Circular o. CIRlCFD/F AC/62/20 16 dated July 5, This Stateent is the responsibility of the Copany's Manageent and prepared in accordance with applicable Indian Accounting Standards ('Ind AS') specified under section 133 of the Copanies Act, 2013, read with relevant rules has been approved by the Board of Directors at its eeting held on January 29, Our responsibility is to issue a report on these standalone financial stateents based on our review. 3. We conducted our review in accordance with the Standard on Review Engageent (SRE) 2410, "Review of Interi Financial Inforation Perfored by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perfor the review to obtain oderate assurance as to whether the financial stateents are free of aterial isstateent. A review is liited priarily to inquiries of copany personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not perfored an audit and accordingly, we do not epress an audit opinion. 4. Based on our review conducted as above, nothing has coe to our attention that causes us to believe that the accopanying stateent of unaudited Standalone Financial Results prepared in accordance with applicable accounting standards and other recognised accounting practices and policies has not disclosed the inforation required to be disclosed in ters of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requireents) Regulations, 2015, read with SEBI Circular o. CIRlCFD/F AC/62/20 16 dated July 5, 2016, including the anner in which it is to be disclosed, or that it contains any aterial isstateent. LLP I : AAH REGISTERED OFFICE: ESPLAADE HOUSE, 29, HAZARIMAL SOMAI MARG, FORT, MUMBAI TEL.: (91) (22) , FAX: (91) (22)

7 KALYAIWALLA & MISTRY LLP 5. We draw attention to our reliance on anageent representation, in respect of the realisability of the Copany's investent in, loans given and interest accrued to two of its subsidiaries aggregating Rs. 4, Lakhs. Our opinion is not odified in respect of this atter. For KAL YAIW ALLA & MISTRY LLP CHARTERED ACCOUT ATS Fir Registration o W/WI00166 Cj3 u/ Sai Venkata Raana Darnarla PARTER Mebership o Mubai, January 29,2019.

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