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Sanofi India board approves special dividend of Rs 240 per share

The Board of pharma enterprise Sanofi India on Tuesday accredited a closing dividend of Rs a hundred twenty five for every share and a particular dividend of Rs 240 for every share for the calendar year ended December, 2020.

The closing dividend and the particular dividend will be paid out on or immediately after May well 4, 2021, the enterprise mentioned in a stock trade filing.

The enterprise claimed a internet financial gain of Rs 123 crore for the quarter ended December, 31 2020, an improve of 26.8 for every cent compared with Rs 97 crore financial gain clocked in the same period a calendar year ago. The financial gain for the total-calendar year is at Rs 477 crore, up fifteen.two for every cent from Rs 414 crore in the last calendar year.

Earnings from functions through the most up-to-date December quarter declined to Rs 720 crore from Rs 826 crore in the same quarter last calendar year. The total calendar year revenues declined 5.5 for every cent to Rs two,901 crore compared with Rs three,070 crore through the last calendar year.

The enterprise, nonetheless, mentioned that money success for the quarter ended December 31, 2020 are not similar with that of corresponding quarter in 2019 due to completion of slump sale transaction on May well 29, 2020, which resulted in transfer of Ankleshwar manufacturing facility and couple products and solutions to Zentiva Private Constrained.

“Gross sales general performance for the calendar year ended December 31, 2020 has been negatively impacted due to Covid-19 pandemic. The impression assessment of Covid-19 pandemic is a continuing approach specified the uncertainties associated with its character and duration,” Sanofi India mentioned in a filing.

“The board proposed the payment of a closing dividend of Rs a hundred twenty five for every fairness share of Rs 10 each individual for the calendar year ended 31 December 2020 and a particular dividend of Rs. 240 for every fairness share of Rs 10 each individual for the calendar year ended 31 st December 2020, immediately after considering the closure of the slump sale transaction relating to Ankleshwar Manufacturing facility and reviewing the funds necessities for the Firm’s functions,” the enterprise mentioned in a filing.

“Closure of register of users and share transfer guides from April 21 to April 27 (both equally times inclusive) for figuring out the eligibility of shareholders for payment of the closing dividend and the particular dividend,” it mentioned.

The enterprise will maintain Annual Typical Conference (AGM) on April 27, 2021 through movie conferencing and even more particulars of the AGM will be delivered in the due course.

The enterprise also declared the re-appointment of Aditya Narayan as an unbiased director and chairman.

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