Zydus Lifesciences Limited (" Zydus ") through its wholly owned subsidiary, and Perfect Day Inc., a Temasek portfolio company (" Perfect Day ") have signed an agreement wherein Perfect Day will sell its ~50% shareholding in Sterling Biotech Limited (" SBL "). Post this transaction, Sterling Biotech will become a 50:50 Joint Venture (" JV ") with equal representation on the Board. The JV will establish a state-of-the-art manufacturing facility to manufacture fermented animal free protein to cater to the global markets. The JV will accelerate the production of high-quality and eco-friendly protein products, reduce environmental impact, and cater to the growing consumer demand for fermentation-based and ethically sourced nutrition. This partnership marks a significant step forward in the global effort to transform the food industry and promote a healthier planet.