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Hyderabad, March 1

Matrix Laboratories has informed the stock exchanges that its shareholders, at the extraordinary general meeting (EGM) held on Wednesday, have considered and unanimously approved the company's proposal to raise additional long-term resources of up to $200 million through GDRs/ADRs/ECCBs.

The shareholders also approved the proposal to increase in limit of borrowing powers and grant of employees stock option plan (ESOP-2006) to subsidiary companies.

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