Financial Results For 05-09-2017

• Security Code: 532424
• Company: GODREJCP

Sub: Outcome of Board Meeting- May 9, 2017 At the meeting of the Board of Directors of the Company held today, the Board has: 1. Taken on record the Audited Financial Results for the year ended March 31, 2017. The said results are enclosed herewith. 2. Declared a fourth interim dividend @ Rs. 12/- per share (1200% on the shares of the face value of Re. 1/- each) for the financial year 2016-17. As intimated earlier the Record Date for ascertaining the names of the shareholders who will be entitled to receive the said dividend is May 17, 2017.The dividend will be paid on May 31, 2017. 3. Recommended that the four interim dividends pertaining to the Financial year 2016-17 declared by the Board of Directors at its meeting held on July 29, 2016, November 7, 2016, January 30, 2017 and May 9, 2017 and aggregating to Rs. 15/-per share (1500% on the shares of the face value of Re.1 each), be declared as final dividend for the year ended March 31, 2017. 4. Recommended the following for approval of the members: a) Increase in the existing Authorised Share Capital from Rs. 42,00,00,000 (Rupees Forty-two crore) divided into 41,00,00,000 Equity Shares and 1,00,00,000 Preference Shares of Re. 1 each to Rs. 70,00,00,000 (Rupees Seventy crore) divided into 69,00,00,000 Equity Shares and 1,00,00,000 Preference Shares of Re. 1 each and consequent alteration of Memorandum and Articles of Association. b) Issue of Bonus Shares in the ratio of 1:1, i.e. one bonus equity share of Re. 1/- each for every one fully paid-up equity share held, as on the record date. The record date to ascertain members eligible to receive bonus shares will be fixed in due course. Details as required under Regulation 30 of SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015 ('the Listing Regulations') are as below: Disclosure under Para A of Part A of Schedule III of the Listing Regulations with respect to issue of Bonus Shares Sr. No. Particulars Description 1 Whether bonus is out of free reserves created out of profits or share premium account The bonus shares will be issued out of securities premium account of the Company available as at March 31, 2017 2 Bonus ratio 1:1, i.e. one bonus equity share of Re. 1/- each for every one fully paid-up equity share held, as on the record date 3 Details of share capital- pre and post bonus issue The pre issue paid-up share capital as on the date of this letter is Rs. 34,06,00,816/- consisting of 34,06,00,816 Equity shares of Re. 1/- each The post issue paid-up share capital is expected to be around Rs. 68,12,01,632/- consisting of 68,12,01,632 Equity shares of Re. 1/- each. The actual number of bonus shares to be issued will be determined based on the paid-up share capital, as on the record date. 4 Free reserves and/or share premium available for capitalization and the date as on which such balance is available As on March 31, 2017: Securities premium: Rs.1452.30 crore Free Reserves: Rs. 2907.67 crore 5 Whether the aforesaid figures are audited Yes 6 Estimated date by which such bonus shares would be credited/dispatched Within 2 months from the date of Board approval Separately, we would like to inform you that the issuance of bonus shares was not part of the agenda circulated for the Board Meeting held on May 9, 2017. At this meeting, the Board, with a view to increasing the liquidity of the equity shares, encourage participation of small investors by making equity shares of the Company affordable, and thus, expand the retail shareholder base, considered, deliberated and approved the aforesaid bonus issue. The Exchanges are also informed that the Board meeting commenced at 11.15 a.m. and the above items were approved by 11.45 a.m. 5. Convening of AGM: The Board has convened the Seventeenth Annual General Meeting of the members of the Company. The details of date and venue are given below: Date : Monday, July 31, 2017 Venue : Godrej One Pirojshanagar, Eastern Express Highway, Vikhroli (E), Mumbai 400 079 The time of the Annual General Meeting will be informed later when the notice of the meeting is filed. We shall forward to the exchange the requisite copies of the AGM notice and the Annual Report as soon as they are issued. This communication is in compliance with the Listing Regulations and other provisions as applicable.