Outcome of Board Meeting

• Security Code: 539347
• Company: PHL

Ref.: Scrip Code: 539347 Sub: Outcome of Board Meeting held on 13 March 2017 Dear Sir, This is to inform you that: 1. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: a. The Board of Directors of the Company at its meeting held on 13 March 2017, has declared an Interim Dividend of ` 7.5 /- (75 %) per equity share of ` 10/- each for the Financial Year 2016-17 and shall be paid through National Electronic Clearing Services (NECS) or vide its dividend warrant, as the case may be. b. The date of payment of the Interim Dividend will be 27 March 2017. 2. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: The Board of Directors of the Company at its meeting held on 13 March 2017, has fixed 23 March 2017 as the record date for the purpose of ascertaining the names of members entitled to Interim Dividend for the Financial Year 2016-17, as declared by the Board of Directors.