The board of Novartis India Limited has recommended payment of dividend at INR 10 per equity share of INR 5 each for the financial year 2015-16. The dividend, if approved by the members at the annual general meeting will be held on July 29, 2016, will result in a cash outflow of INR 384.7 million including dividend tax. The payment of dividend for the year ended March 31, 2016 as recommended by the board, if approved at the meeting, will be payable on or after August 3, 2016.