Unichem Laboratories Limited announced at its board meeting held on May 29, 2018, the board recommended dividend of INR 5 (250%) per equity share of INR 2 each, for the year ended March 31, 2018, subject to approval of shareholders at the upcoming AGM to be held on July 28, 2018.

The board approved the resignation of Mr. Ramdas Gandhi, independent Director of the company with effect from the close of working hours on May 29, 2018, due to his advanced age.