Hikal Ltd.

1:2

& Bonus issue Inter alia, has transacted the following: 1. The Board of Directors of the Company subject to approval of members of the Company in the ensuing Extra Ordinary General Meeting, recommended issue of Bonus Shares to the members of the Company by capitalisation of its reserves in the ratio of 1:2 i.e. one bonus equity share of Rs. 2/- each fully paid-up for every two existing equity share of Rs. 2/- each fully paid-up held by the members as on a record date to be fixed hereafter for the purpose. 2. Recommended Final Dividend for the Financial Year 2017-18 on Equity Share Capital @ 25% [Re.0.50 per equity share (nominal value Rs. 2/- each)] on expanded capital base (on account of Bonus issue) at their meeting held on May 09, 2018, aggregating to dividend of 60% (Rs. 1.20 per equity share) {including Interim Dividend of Re. 0.70 per share (Seventy Paise Only) (35%) paid to the shareholders on March 01 2018}, subject to the approval of shareholders in the ensuing Annual General Meeting (AGM). Final Dividend, if approved by the shareholders at the ensuing AGM to be held on August 08, 2018, will be paid to the shareholders within 30 days of AGM date.