Wockhardt board recommends dividend and dividend distribution tax

Wockhardt has informed that the board of directors of the company at its meeting held on May 22, 2012 has recommended dividend at the rate of 0.01% absorbing a sum of Rs 21,75,171 and dividend distribution tax of Rs 3,52,867, on cumulative basis, on non-convertible cumulative redeemable preference shares of Rs 5 each and optionally convertible cumulative redeemable preference shares of Rs 5 each out of the net profits of the company as per the provisions of section 205 of the Companies Act, 1956. The dividend, if declared at the annual general meeting, will be paid within 30 days from the date of annual general meeting.

The above information is part of company’s filing submitted to the BSE.