Wockhardt AGM notice with capital raise and related party transaction approvals
WOCKPHARMA · price
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Wockhardt filed notice for its 27th AGM on Aug 10, 2026 via video conferencing. Items include adoption of FY26 audited results, revision of Executive Chairman Dr Habil Khorakiwala remuneration up to Rs 10 crore per year (ceiling Rs 15 crore) for three years from March 2027, material related party transactions with subsidiaries aggregating up to Rs 2,100 crore, approval to raise additional capital up to Rs 3,000 crore through QIP or other routes, and redeployment of around Rs 162.33 crore unutilised QIP proceeds from the November 2024 placement.
Shareholders to vote on a large Rs 3,000 crore fundraise, around Rs 2,100 crore subsidiary deals, and higher promoter pay. Possible equity dilution ahead.