Wockhardt 27th AGM notice: Rs 3,000 cr capital raise on Aug 10

Board & Shareholder Meetings View source PDF

WOCKPHARMA · price

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AI summary

Wockhardt's 27th AGM is on Aug 10, 2026 via VC. Key items: FY26 financial adoption, Ms. Zahabiya Khorakiwala re-appointment, Chairman Dr. Habil Khorakiwala pay up to Rs 10-15 cr/year from March 2027, RPTs with Wockhardt Bio AG (Rs 1,000 cr) and subsidiaries (Rs 550 cr each), Rs 3,000 cr capital raise via QIP, Zahabiya as Co-chair of Wockhardt Bio AG (USD 250K/year), and Rs 162.33 cr QIP proceeds redeployment.

Likely market impact

Significant: Rs 3,000 cr capital raise may dilute equity; chairman pay revision and material RPTs need shareholder vote on Aug 10.