Full Press Release Details
National Stock Exchange of India Limited
This is in reference to our letter dated March 1, 2016 wherein we have enclosed the postal ballot notice along with the statement annexed thereto. The
postal ballot was conducted for seeking approval of Members of the Company for buyback of equity shares by the Company.
In accordance with Regulation
44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Special Resolution for buyback of equity shares by the Company, has been approved by the Members of the Company with
requisite majority. The approval is deemed to have been received on the last date for receipt of duly completed postal ballot forms and e-voting i.e April 1, 2016.
The summarized voting result of the postal ballot process (through e-voting and postal ballot), in the prescribed format, along with a copy of the
Scrutinizer s Report are enclosed herewith.
| /s/ Sandeep Poddar |
| Sandeep Poddar Company Secretary |
National Securities Depositary
DETAILS OF VOTING RESULTS
AS PER REGULATION 44(3) OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
| Date of AGM/EGM /Declaration of Voting Result of Postal Ballot | April 2, 2016 | |
| Record Date/ Cut Off date | February 19, 2016 | |
| Total Number of Shareholders as on Record Date/ Cut off date | 108,967 | |
| Number of Shareholders who casted their votes 1. Promoters and Promoter Group 2. Public | 11 1,641 | |
| Resolution required | Ordinary /Special | |
| Summary of Resolution | Approval for Buyback of its equity shares by Dr. Reddy s Laboratories Limited | |
| Whether Promoter/Promoter group are interested in the agenda/resolution? | No |
| No. of shares held | No. of votes polled | % of Votes Polled on outstanding shares | No. of Votes-in favour | No. of Votes - against | % of Votes in favour on votes polled | % of Votes against on votes polled | ||||||||||||||||||||||||
| Category | Mode of Voting | (1) | (2) | (3)=[(2)/(1)]*100 | (4) | (5) | (6)=[(4)/(2)]*100 | (7)=[(5)/(2)]*100 | ||||||||||||||||||||||
| Promoter and Promoter Group | E-Voting | 43,649,762 | 43,649,762 | 100.00 | 43,649,762 | 0 | 100.00 | 0.00 | ||||||||||||||||||||||
| Poll | NA | NA | NA | NA | NA | NA | NA | |||||||||||||||||||||||
| Postal Ballot | 43,649,762 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
| Total | 43,649,762 | 43,649,762 | 100.00 | 43,649,762 | 0 | 100.00 | 0.00 | |||||||||||||||||||||||
| Public Institutional holders | E-Voting | 111,676,705 | 59,610,757 | 53.38 | 59,587,232 | 23,525 | 99.96 | 0.04 | ||||||||||||||||||||||
| Poll | NA | NA | NA | NA | NA | NA | NA | |||||||||||||||||||||||
| Postal Ballot | 111,676,705 | 15,985,502 | 14.31 | 15,963,029 | 22,473 | 99.86 | 0.14 | |||||||||||||||||||||||
| Total | 111,676,705 | 75,596,259 | 67.69 | 75,550,261 | 45,998 | 99.94 | 0.06 | |||||||||||||||||||||||
| Public-Others | E-Voting | 15,281,186 | 118,822 | 0.78 | 115,333 | 3,489 | 97.06 | 2.94 | ||||||||||||||||||||||
| Poll | NA | NA | NA | NA | NA | NA | NA | |||||||||||||||||||||||
| Postal Ballot | 15,281,186 | 82,693 | 0.54 | 71,329 | 11,364 | 86.26 | 13.74 | |||||||||||||||||||||||
| Total | 15,281,186 | 201,515 | 1.32 | 186,662 | 14,853 | 92.63 | 7.37 | |||||||||||||||||||||||
| Total | 170,607,653 | 119,447,536 | 70.01 | 119,386,685 | 60,851 | 99.95 | 0.05 |
The number of votes polled in favor of the Special Resolution are 119,386,685 (99.95 % of the total valid votes). Thus, the
Special Resolution has been approved by shareholders with requisite majority.
Laboratories Limited
Hills, Hyderabad-500034
Sub: Postal ballot Scrutinizer s Report
Pursuant to the resolution passed by the Board of Directors of Dr. Reddy s Laboratories Limited (Company) on February 17, 2016, I was appointed
as Scrutinizer to receive, process and scrutinize the postal ballot process in a fair and transparent manner pursuant to Section 110 of the Companies Act, 2013 (Act) read with the Companies (Management and Administration) Rules,
2014 and in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015 in respect of special resolution for Buyback of equity shares of the Company through Postal Ballot.
I HEREBY SUBMIT MY REPORT AS UNDER:
| Date of Declaration of result | April 2, 2016 | |
| Total no. of shareholders on record date February 19, 2016 | 108,967 (One lakh eight thousand nine hundred and sixty seven) |
SEBI Polling Reports:
Special resolution for Buyback of equity shares of the Company
| No. of shares held | No. of votes polled | % of Votes Polled on outstanding shares | No. of Votes - in favour | No. of Votes- against | % of Votes in favour on votes polled | % of Votes against on votes polled | ||||||||||||||||||||||
| Promoter / Public | (1) | (2) | (3)=[(2)/(1)]*100 | (4) | (5) | (6)=[(4)/(2)]*100 | (7)=[(5)/(2)]*100 | |||||||||||||||||||||
| Promoter and Promoter Group | 43,649,762 | 43,649,762 | 100.00 | 43,649,762 | 0 | 100.00 | 0.00 | |||||||||||||||||||||
| Public Institutional holders | 111,676,705 | 75,596,259 | 67.69 | 75,550,261 | 45,998 | 99.94 | 0.06 | |||||||||||||||||||||
| Public-Others | 15,281,186 | 201,515 | 1.32 | 186,662 | 14,853 | 92.63 | 7.37 | |||||||||||||||||||||
| Total | 170,607,653 | 119,447,536 | 70.01 | 119,386,685 | 60,851 | 99.95 | 0.05 |
I submit my report as under:
Special Resolution for Buyback of equity shares of the Company
| Assent/Dissent | Number of ballots received | Number of votes cast by them | % of total number of valid votes cast | Remarks | |||||||||
| (i)Voted in favour of the Resolution | Passed with requisite Majority. | ||||||||||||
| Physical Voting | 266 | 16,034,358 | 13.42 | ||||||||||
| E-voting | 1,290 | 103,352,327 | 86.53 | ||||||||||
| Total (A) | 1,556 | 119,386,685 | 99.95 | ||||||||||
| (ii) Voted against the Resolution | |||||||||||||
| Physical Voting | 27 | 33,837 | 0.03 | ||||||||||
| E-voting | 69 | 27,014 | 0.02 | ||||||||||
| Total (B) | 96 | 60,851 | 0.05 | ||||||||||
| Grand Total (A)+(B) | 1,652 | 119,447,536 | |||||||||||
| (iii) Invalid vote | 24 | 12,835 |
As the number of votes casted in favor of the resolution i.e. 99.95% is more than 3 (three) times the number of votes casted against i.e.
0.05%, I report that, Special resolution for approval of Buyback of equity shares by the Company under Section 110 of Companies Act, 2013 read with Companies (Management and Administration) Rules, 2014 as set out in the Notice of Postal Ballot
has been passed by the Members of Dr. Reddy s Laboratories Limited with requisite majority.
| For R & A Associates | ||||
| /s/ G. Raghu Babu (G. Raghu Babu) Partner FCS No. 4448, CP No. 2820 | ||||
| Place: Hyderabad | ||||
| Date: April 2, 2016 |