GlaxoSmithKline Pharmaceuticals Limited has informed the Exchange about Copy of Newspaper Publication
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Awaiting price reaction for this filing.
GlaxoSmithKline Pharmaceuticals has submitted copies of newspaper advertisements published in Economic Times, Business Standard, and Maharashtra Times regarding its 100th Annual General Meeting. The AGM is scheduled for Friday, 27th June 2025 at 11:00 a.m. and will be held entirely through video conferencing with no physical attendance. The Board has recommended a dividend of Rs 42 per share (420% on face value of Rs 10) for FY25, with 30th May 2025 set as the record date and payment from 30th June 2025. Shareholders will be able to vote electronically through NSDL's platform. The Notice of the AGM and Annual Report are being sent only by email to shareholders with registered addresses.
This is a routine procedural filing confirming AGM logistics — no immediate stock-moving news. However, the recommended Rs 42 per share dividend (totalling roughly Rs 575 crore based on share capital) signals strong cash returns to shareholders despite a decline in standalone FY25 net profit (Rs 162.68 cr vs Rs 238.81 cr last year). Investors should watch for the AGM voting outcomes and Q4 results details in the upcoming Notice.