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.co

National Stock Exchange of India Ltd.

New York Stock Exchange Inc.

Sub: Grant of Stock Options

This is to inform you that the Nomination,

Governance & Compensation Committee of the Board of Directors of the Company in their meeting held on July 26, 2018, has granted

82,164 stock options, exercisable at par value of Rs.5/- under "Dr. Reddy's Employees Stock Option Scheme, 2002"

and 46,096 stock options, exercisable at par value of Rs.5/- under "Dr. Reddy's Employees ADR Stock Option Scheme,

2007" to the employees of the Company.

This is for your information and records.