Outcome of board meeting of Granules India

Held on 25 October 2016

Granules India announced that the Board of Directors of the Company at their meeting on 25 October 2016, inter alia, has -

1. Declared second interim dividend of 20 paise per share of face value of Re. 1/- each representing 20% of paid-up capital for the financial year 2016-17;

2. Approved to set up a wholly-owned subsidiary in UK and to invest up to GBP 1,00,000 in the form of equity / loan.

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