X0202 4/A 2006-06-01 2006-06-14 0 0000887708 CARACO PHARMACEUTICAL LABORATORIES LTD CPD 0001197089 SUN PHARMACEUTICAL INDUSTRIES LTD SPARC, TANDALJA VADODARA, GUJARAT K7 390 020 INDIA 0 0 1 0 0001197088 SUN PHARMA GLOBAL INC AKARA BUILDING 24 DE CASTRO STREET,WILKHAMS CLAY 1 ROAD TOWN TARTOLA D8 VIRGIN ISLANDS, BRITISH 0 0 1 0 0001249644 SHANGHVI DILIP S C/O SUN PHARMACEUTICAL INDUSTRIES LD. MAHAL INDUSTRIES ESTATE, MAHAKALI CAVES ANDHARI (EAST), MUMBIA K7 400 093 INDIA 1 1 1 0 (Chairman of the Board) Series B. Preferred Stock 0 2006-06-01 4 J 0 544000 A 2009-06-01 Common Stock 544000 11424000 I See Footnote The Series B preferred shares are convertible into common stock after three years (or immediately upon a change in control) on a one-to-one basis. Sun Pharma Global, Inc. ("Sun Global") earns 544,000 shares of Series B Preferred Stock for each technology transfer to Caraco of a generic drug by Sun Global when such drug passes its bioequivalency studies. In the event of the dissolution of Caraco, such shares have a preference equal to the value attributed to them on the dates on which they were earned. The value attributed as of June 1, 2006 was $8.05. The shares of Series B Preferred Stock remain outstanding until such time as they are converted into Common Stock. These shares are owned directly by Sun Global, Inc., which is a wholly-owned subsidiary of Sun Pharmaceutical Industries Limited ("Sun"). Dilip S. Shanghvi is the controlling shareholder of Sun. See Exhibit Index Exhibit 99.1 Power of Attorney Exhibit 99.2 Certified copy of Board resolution of Sun Pharmaceutical Industries, Ltd. Exhibit 99.3 Certified copy of Board resolution of Sun Pharma Global, Inc. This Form 4 has been amended only to add certified copies of Board resolutions of Sun and Sun Global relating to the power of attorney. /s/ Jayesh Shah as attorney-in-fact, for Dilip S. Shanghvi, Chairman and Managing Director of Sun 2006-07-11 /s/ Jayesh Shah as attorney-in-fact, for Dilip S. Shanghvi, Director of Sun Global 2006-07-11 /s/ Jayesh Shah as attorney-in-fact, for Dilip S. Shanghvi 2006-07-11