Outcome of board meeting of Granules India

Held on 28 January 2016

Granules India announced that the Board of Directors of the Company at its meeting held on 28 January 2016, inter alia, has:

1. Declared third interim dividend of 15 paise per share of face value of Re. 1/- each representing 15% of paid-up capital for the financial year 2015-16.

2. Approved further investment of USD 1.8 mn by way of debt/equity in Granules Pharmaceutical Inc., a wholly owned foreign subsidiary of the Company.

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