Sanofi India board approves special dividend of Rs 240 per share
The Board of pharma company Sanofi India on Tuesday accepted a ultimate dividend of Rs one hundred twenty five for each share and a unique dividend of Rs 240 for each share for the 12 months finished December, 2020.
The ultimate dividend and the unique dividend will be compensated on or just after Might four, 2021, the company explained in a stock exchange filing.
The company reported a internet financial gain of Rs 123 crore for the quarter finished December, 31 2020, an maximize of 26.eight for each cent in comparison with Rs 97 crore financial gain clocked in the identical period of time a 12 months in the past. The financial gain for the full-12 months is at Rs 477 crore, up 15.2 for each cent from Rs 414 crore in the last 12 months.
Revenue from functions throughout the hottest December quarter declined to Rs 720 crore from Rs 826 crore in the identical quarter last 12 months. The full 12 months revenues declined five.five for each cent to Rs 2,901 crore in comparison with Rs 3,070 crore throughout the last 12 months.
The company, nevertheless, explained that economical benefits for the quarter finished December 31, 2020 are not comparable with that of corresponding quarter in 2019 thanks to completion of slump sale transaction on Might 29, 2020, which resulted in transfer of Ankleshwar producing facility and few items to Zentiva Personal Restricted.
“Sales functionality for the 12 months finished December 31, 2020 has been negatively impacted thanks to Covid-19 pandemic. The impact assessment of Covid-19 pandemic is a continuing approach presented the uncertainties associated with its nature and period,” Sanofi India explained in a filing.
“The board advised the payment of a ultimate dividend of Rs one hundred twenty five for each equity share of Rs ten just about every for the 12 months finished 31 December 2020 and a unique dividend of Rs. 240 for each equity share of Rs ten just about every for the 12 months finished 31 st December 2020, just after looking at the closure of the slump sale transaction relating to Ankleshwar Manufacturing facility and examining the money demands for the Company’s functions,” the company explained in a filing.
“Closure of sign up of members and share transfer guides from April 21 to April 27 (both equally days inclusive) for analyzing the eligibility of shareholders for payment of the ultimate dividend and the unique dividend,” it explained.
The company will hold Annual Normal Conference (AGM) on April 27, 2021 by way of movie conferencing and further more facts of the AGM will be presented in the thanks training course.
The company also declared the re-appointment of Aditya Narayan as an independent director and chairman.
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