rediff.com
REAL-TIME QUOTE
Enter Company or MF
e.g. Tata motors, Reliance MF, 500570
WOCKHARDT LTD. - Outcome of Board Meeting
Download announcement < Back
04 May 2017
In continuation of our letters dated 21st April, 2017 and 22nd April, 2017, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. 4th May, 2017 inter-alia have: (i)Approved the Audited Financial Statements (Standalone &amp; Consolidated) for the year ended 31st March, 2017 and the Audited Financial Results (Standalone &amp; Consolidated) for the quarter and year ended 31st March, 2017. (ii) Recommended dividend @ 0.01% (Rs. 0.0005 per Preference Share of Rs. 5/- each) absorbing a sum of Rs. 2,98,557/- on 475,659,941 Non-Convertible Cumulative Redeemable Preference Shares of Rs. 5/- each and 121,454,927 Optionally Convertible Cumulative Redeemable Preference Shares of Rs. 5/- each for the FY 2016-17. The dividend, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM&apos;), will be dispatched / credited on or after fifth day from the date of declaration of such dividend. (iii) Approved issuance of Non-Convertible Debentures (NCD&apos;s) on private placement basis up to an aggregate amount not exceeding Rs. 1,200 crore. The Board of Directors of the Company has recommended approval of the shareholders at the ensuing AGM. (iv) Approved raising of funds by way of equity shares, equity linked securities, or other eligible securities or a combination of any of the aforementioned securities by way of one or more public and/or private offerings, Qualified Institutions Placement and/or any combination thereof or any other method as may be permitted under applicable law for an amount not exceeding Rs. 1,000 crore subject to the Memorandum and Articles of Association of the Company and in such manner and on such price, terms and conditions as may be permitted under applicable law. The Board of Directors of the Company has recommended approval of the shareholders through Postal Ballot. The Board has also constituted Capital Raising Committee&apos; of the Board of Directors to take a decision on type of offering and also for taking all necessary actions in connection with the offering. Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the following: (i) Audited Financial Results (Standalone and Consolidated) for the quarter / year ended 31st March, 2017; and (ii) Auditors&apos; Report on Audited Financial Results Standalone and Consolidated The meeting of the Board of Directors commenced at 2.45 p.m. and concluded at 6.00 p.m. Also, please find enclosed a copy of the Press Release proposed to be issued in respect of the said Financial Results.
View all announcements for WOCKHARDT LTD. Source: BSE India