Lupin Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28 2020 inter alia has recommended dividend @ 300% i.e. Rs. 6/- per equity share of the face value of Rs. 2/- each for the year ended March 31 2020 subject to approval of Members at the ensuing Annual General Meeting. The total outflow will be Rs. 2718.4 mn.