The Board of Directors of Prabhat Dairy Limited at its meeting held on May 23, 2017, has recommended a final dividend at the rate of INR 0.40 per equity share of INR 10 each for the year ended March 31, 2017.

The board has appointed Mr. Haresh Shah as an Addition Independent Director of the company and also appointed him as the Chairman of the Audit Committee. The board has approved the resignation of Mr. Raphael Plihon with effect from May 23, 2017.