Board of Wockhardt declares interim dividend

At meeting held on 11 November 2016

Wockhardt announced that the Board of Directors of the Company at its meeting held on 11 November 2016, inter alia, have transacted the following :

1. Declared an Interim Dividend of Rs. 10 per Equity Share of face value of Rs. 5/- each i.e. @ 200 % for the Financial Year 2016-17. The payment of said Interim dividend shall commence from 25 November 2016.

2. Inducted Vinesh Kumar Jairath, as Additional Director (Non- Executive, Independent) w.e.f. 10 November 2016.

3. Approved issuance of postal ballot notice to the shareholders pertaining to revision in remuneration of Whole Time Directors.

 

4. Approved issuance of Unsecured Masala Bonds, subject to requisite approval, if any, for an amount not exceeding US$ 200 million.

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