Issued and allotted 85,33,699 equity shares of Re 1 each to minority shareholders of Phoenix Lamps on 14 September 2017 as per the share exchange ratio of 4:5.

Paid final dividend of 55% (Re 0.50 per share) for FY 2015-16 and interim dividend of 55% (Re 0.50 per share) for FY 2016-17 to the shareholders of Phoenix Lamps as per the scheme of amalgamation.