Full Press Release Details
| Dr. Reddy's Laboratories Ltd. | |
| 8-2-337, Road No. 3, Banjara Hills, | |
| Hyderabad - 500 034, Telangana, | |
| India. | |
| CIN : L85195TG1984PLC004507 | |
| Tel :+91 40 4900 2900 | |
| Fax :+91 40 4900 2999 | |
| Email : mail@drreddys.com | |
| www.drreddys.com |
Stock Exchange of India Limited
Code: 500124 (BSE), DRREDDY (NSE)
of Postal Ballot and e-voting
is with reference to our letter dated December 20, 2017 enclosing a copy of postal ballot notice and form.
accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, 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 is enclosed herewith.
is for your information and records.
| /s/ Sandeep Poddar | |
| Sandeep Poddar | |
| Company Secretary |
Securities Depositary Limited (NSDL)
DR REDDY'S LABORATORIES LIMITED
| Date of Postal Ballot Notice | December 11, 2017 |
| Voting Period | December 21, 2017 to January 19, 2018 |
| Cut-off date | December 15, 2017 |
| Total number of shareholders on record date | 139004 |
Resolution 1: To consider and approve
amendments to the 'Dr. Reddy's Employees Stock Option Scheme 2002' ("2002 Plan") and 'Dr. Reddy's Employees ADR Stock
Option Scheme, 2007 ("2007 Plan")'.
| Resolution required: (Ordinary / Special) | Special Resolution |
| Whether promoter/promoter group are interested in the agenda/resolution ? | No |
| Category | Mode of Voting | No. of shares held (1) | No. of votes polled (2) | % of Votes Polled on outstanding shares (3)=[(2)/(1)]*100 | No. of Votes in favor (4) | No. of Votes against (5) | % of Votes in favour on votes polled (6)=[(4)/(2)]*100 | % of Votes against on votes polled (7)=[(5)/(2)]*100 | ||||||||||||||||||||||
| Promoter & Promoter Group | E-VOTING | 44398828 | 100.00 | 44398828 | 0 | 100.00 | 0.00 | |||||||||||||||||||||||
| POLL | 44398828 | 0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||||||||||||||||||||||
| POSTAL BALLOT | 0 | 0.00 | 0 | 0 | 0.00 | 0.00 | ||||||||||||||||||||||||
| TOTAL | 44398828 | 100.00 | 44398828 | 0 | 100.00 | 0.00 | ||||||||||||||||||||||||
| Public - Institutions | E-VOTING | 63675988 | 60.68 | 35987725 | 27688263 | 56.52 | 43.48 | |||||||||||||||||||||||
| POLL | 104937485 | 0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||||||||||||||||||||||
| POSTAL BALLOT | 14400775 | 13.72 | 4429238 | 9971537 | 30.76 | 69.24 | ||||||||||||||||||||||||
| TOTAL | 78076763 | 74.40 | 40416963 | 37659800 | 51.77 | 48.23 | ||||||||||||||||||||||||
| Public-Non Institutions | E-VOTING | 135746 | 0.82 | 122421 | 13325 | 90.18 | 9.82 | |||||||||||||||||||||||
| POLL | 16550951 | 0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||||||||||||||||||||||
| POSTAL BALLOT | 378781 | 2.29 | 368440 | 10341 | 97.27 | 2.73 | ||||||||||||||||||||||||
| TOTAL | 514527 | 3.11 | 490861 | 23666 | 95.40 | 4.60 | ||||||||||||||||||||||||
| TOTAL | 165887264 | 122990118 | 74.14 | 85306652 | 37683466 | 69.36 | 30.64 |
Resolution 2: To consider and approve grant of additional
stock options to employees of subsidiaries of the Company.
| Resolution required: (Ordinary / Special) | Special Resolution |
| Whether promoter/promoter group are interested in the agenda/resolution ? | No |
| Category | Mode of Voting | No. of shares held (1) | No. of votes polled (2) | % of Votes Polled on outstanding shares (3)=[(2)/(1)]*100 | No. of Votes in favor (4) | No. of Votes against (5) | % of Votes in favour on votes polled (6)=[(4)/(2)]*100 | % of Votes against on votes polled (7)=[(5)/(2)]*100 | ||||||||||||||||||||||
| Promoter & Promoter Group | E-VOTING | 44398828 | 100.00 | 44398828 | 0 | 100.00 | 0.00 | |||||||||||||||||||||||
| POLL | 44398828 | 0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||||||||||||||||||||||
| POSTAL BALLOT | 0 | 0.00 | 0 | 0 | 0.00 | 0.00 | ||||||||||||||||||||||||
| TOTAL | 44398828 | 100.00 | 44398828 | 0 | 100.00 | 0.00 | ||||||||||||||||||||||||
| Public - Institutions | E-VOTING | 63675988 | 60.68 | 35987725 | 27688263 | 56.52 | 43.48 | |||||||||||||||||||||||
| POLL | 104937485 | 0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||||||||||||||||||||||
| POSTAL BALLOT | 14398664 | 13.72 | 4422711 | 9975953 | 30.72 | 69.28 | ||||||||||||||||||||||||
| TOTAL | 78074652 | 74.40 | 40410436 | 37664216 | 51.76 | 48.24 | ||||||||||||||||||||||||
| Public-Non Institutions | E-VOTING | 136669 | 0.83 | 117511 | 19158 | 85.98 | 14.02 | |||||||||||||||||||||||
| POLL | 16550951 | 0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||||||||||||||||||||||
| POSTAL BALLOT | 376310 | 2.27 | 359835 | 16475 | 95.62 | 4.38 | ||||||||||||||||||||||||
| TOTAL | 512979 | 3.10 | 477346 | 35633 | 93.05 | 6.95 | ||||||||||||||||||||||||
| TOTAL | 165887264 | 122986459 | 74.14 | 85286610 | 37699849 | 69.35 | 30.65 |
Resolution 3: To consider and approve
appointment of Mr. Akhil Ravi, a related party, to office or place of profit in terms of Section 188(1)(f) read with Rule 15(3)(b)
of the Companies (Meetings of board and its powers) Rules, 2014, as amended and other applicable provisions, if any, of the Companies
Act, 2013 and the Rules made thereunder.
| Resolution required: (Ordinary / Special) | Ordinary Resolution |
| Whether promoter/promoter group are interested in the agenda/resolution ? | Mr. G V Prasad, Ms. G Anuradha and Dr. Reddy's Holdings Limited (Mr. G V Prasad and Ms. G Anuradha being directors and shareholders) are interested in this resolution. |
| Category | Mode of Voting | No. of shares held (1) | No. of votes polled (2) | % of Votes Polled on outstanding shares (3)=[(2)/(1)]*100 | No. of Votes in favor (4) | No. of Votes against (5) | % of Votes in favour on votes polled (6)=[(4)/(2)]*100 | % of Votes against on votes polled (7)=[(5)/(2)]*100 | ||||||||||||||||||||||
| Promoter & Promoter Group | E-VOTING | 2134692 | 4.81 | 2134692 | 0 | 100.00 | 0.00 | |||||||||||||||||||||||
| POLL | 44398828 | 0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||||||||||||||||||||||
| POSTAL BALLOT | 0 | 0.00 | 0 | 0 | 0.00 | 0.00 | ||||||||||||||||||||||||
| TOTAL | 2134692 | 4.81 | 2134692 | 0 | 100.00 | 0.00 | ||||||||||||||||||||||||
| Public - Institutions | E-VOTING | 51541973 | 49.12 | 51541973 | 0 | 100.00 | 0.00 | |||||||||||||||||||||||
| POLL | 104937485 | 0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||||||||||||||||||||||
| POSTAL BALLOT | 14398083 | 13.72 | 14271434 | 126649 | 99.12 | 0.88 | ||||||||||||||||||||||||
| TOTAL | 65940056 | 62.84 | 65813407 | 126649 | 99.81 | 0.19 | ||||||||||||||||||||||||
| Public-Non Institutions | E-VOTING | 136360 | 0.82 | 119796 | 16564 | 87.85 | 12.15 | |||||||||||||||||||||||
| POLL | 16550951 | 0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||||||||||||||||||||||
| POSTAL BALLOT | 376310 | 2.27 | 375577 | 733 | 99.81 | 0.20 | ||||||||||||||||||||||||
| TOTAL | 512670 | 3.10 | 495373 | 17297 | 96.63 | 3.37 | ||||||||||||||||||||||||
| TOTAL | 165887264 | 68587418 | 41.35 | 68443472 | 143946 | 99.79 | 0.21 |
Dr. Reddy's Laboratories Limited
(CIN: L85195TG1984PLC004507)
Banjara Hills, Hyderabad-500034
Sub: Scrutinizer's Report on Postal Ballot including e-voting
Pursuant to the resolution passed by the Board
of Directors of Dr. Reddy's Laboratories Limited (Company), I was appointed as "Scrutinizer" to receive, process and
scrutinize the postal ballot including e-voting 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 on the below resolutions contained in the postal
ballot notice dated December 11, 2017:
The Management of the Company is responsible
to ensure the compliance with the requirements of the Act and the Rules and SEBI Listing Regulations relating to postal ballot
voting process including e-voting for the resolutions contained in the postal ballot notice dated December 11, 2017. My responsibility
as a Scrutinizer is to ensure that postal ballot voting process including e-voting is carried out in a fair and transparent manner
and to make a scrutinizer's report thereon.
I submit my report as under:
Based on combined results, we report
that, resolution no.1 & resolution no.2 as per the postal ballot Notice dated December 11, 2017, being special resolutions
were not passed with requisite majority as the number of votes casted in favour of the resolution is less than three (3)
times the number of votes against and resolution no.3 as per the postal ballot notice dated December 11, 2017, being ordinary resolution
was passed with requisite majority as the number of votes casted in favour of the resolution is more than the number of
| For R & A Associates | |||||
| /s/ G. Raghu Babu | |||||
| Place: Hyderabad | (G. Raghu Babu) | ||||
| Date: January 20, 2018 | Partner | ||||
| FCS No. F4448, CP No. 2820 | |||||
| Witness -1: | Witness -2: | ||||
| Signature: | /s/ P. Surya Prakash | Signature: | /s/ T. Suresh | ||
| Name: | P. Surya Prakash | Name: | T. Suresh |
Dr. Reddy's Laboratories
Limited - Scrutinizer's Report on Postal Ballot including e-voting
| No. of ballots | Total no. of votes | Votes in favour of the resolution | Votes against the resolution | Invalid Votes | ||||||||||||||||||||||||||||||||||
| S No | Description | Mode of Voting | received | cast | No's | % | No's | % | No's | % | Remarks | |||||||||||||||||||||||||||
| 1 | Special Resolution: To consider and approve amendments to the 'Dr. Reddy's Employees Stock Option Scheme 2002' ("2002 Plan") and 'Dr. Reddy's Employees ADR Stock Option Scheme, 2007 ("2007 Plan")'. | E-Voting | 1386 | 108,210,562 | 80,508,974 | 74.40 | 27,701,588 | 25.60 | 0 | 0.00 | Spepcial Resolution was not passed with requisite majority as the number of votes casted in favour of the resolution is less than three (3) times the number of votes against. | |||||||||||||||||||||||||||
| Physical Ballot | 325 | 14,785,999 | 4797678 | 32.45 | 9,981,878 | 67.51 | 6,443 | 0.04 | ||||||||||||||||||||||||||||||
| Total | 1711 | 122,996,561 | 85,306,652 | 69.36 | 37,683,466 | 30.64 | 6,443 | 0.01 | ||||||||||||||||||||||||||||||
| 2 | Special Resolution: To consider and approve grant of additional stock options to employees of subsidiaries of the Company. | E-Voting | 1384 | 108,211,485 | 80,504,064 | 74.40 | 27,707,421 | 25.60 | 0 | 0.00 | Special Resolution was not passed with requisite majority as the number of votes casted in favour of the resolution is less than three (3) times the number of votes against. | |||||||||||||||||||||||||||
| Physical Ballot | 317 | 14,781,417 | 4,782,546 | 32.36 | 9,992,428 | 67.60 | 6,443 | 0.04 | ||||||||||||||||||||||||||||||
| Total | 1701 | 122,992,902 | 85,286,610 | 69.34 | 37,699,849 | 30.65 | 6,443 | 0.01 | ||||||||||||||||||||||||||||||
| 3 | Ordinary Resolution: To consider and approve appointment of Mr. Akhil Ravi, a related party, to office or place of profit in terms of Section 188(1)(f) read with Rule 15(3)(b) of the Companies (Meetings of board and its powers) Rules, 2014, as amended and other applicable provisions, if any, of the Companies Act, 2013 and the Rules made thereunder. | E-Voting | 1340 | 53,813,025 | 53,796,461 | 99.97 | 16,564 | 0.03 | 0 | 0.00 | Resolution passed with requisite majority as the number of votes casted in favour of the resolution is more than the number of votes against. | |||||||||||||||||||||||||||
| Physical Ballot | 317 | 14,780,836 | 14,647,011 | 99.09 | 127,382 | 0.86 | 6,443 | 0.04 | ||||||||||||||||||||||||||||||
| Total | 1657 | 68,593,861 | 68,443,472 | 99.78 | 143,946 | 0.21 | 6,443 | 0.01 |