Novartis India Ltd. announced that the Board of Directors of the company at its meeting held on May 26, 2016, has considered and approved the dividend recommendation of INR 10 per equity share of INR 5 each for the year ended March 31, 2016.

The Board accepted the resignation of Mr. Dinesh Charak as Director and Whole Time Director of the company from the close of business hours with effect from May 26, 2016.