WOCKHARDT LTD. - Outcome of Board Meeting

Wockhardt Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 06, 2016, inter alia, has transacted the following :<BR><BR>1. The Board recommended dividend @ 0.01% (Rs. 0.0005 per Preference Share of Rs. 5/-each) absorbing a sum of Rs. 298,557/- 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. The divided, if declared by the Shareholder at the ensuing Annual General Meeting ('AGM') will be paid within 30 days from the date of the AGM.<BR><BR>2. Issuance of Non-Convertible Debentures (NCD's) on private placement basis upto an aggregate amount not exceeding Rs. 1200 crore has been approved. Further, the issuance of NCD's is subject to approval of the Shareholders at the ensuing AGM.