Full Press Release Details
National Stock Exchange of India Limited
This is in reference to our letter dated February
21, 2019 enclosing the notice of Postal Ballot seeking approval of Members of the Company for continuation of directorship of Dr.
Bruce L A Carter (DIN: 02331774) aged 75 years and further re-appoint him as a non-executive independent director for the second
term of 3 (three) consecutive years.
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 continuation of directorship of Dr. Bruce L A Carter (DIN: 02331774) and further re-appoint him as a non-executive independent
director for the second term of 3 (three) consecutive years has been approved by the Members of the Company with requisite majority.
The approval is considered to have been received on the last date for receipt of duly completed Postal Ballot Forms and e-voting
i.e. Saturday, March 23, 2019.
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, for your information and records.
| /s/ Sandeep Poddar | |
| Sandeep Poddar | |
| Company Secretary |
National Securities Depositary Limited (NSDL)
DR. REDDY'S LABORATORIES LIMITED
| Date of Postal Ballot Notice | February 1, 2019 |
| Voting Period | February 22, 2019 to March 23, 2019 |
| Cut-off date | February 15, 2019 |
| Total number of shareholders on cut-off date | 1,21,141 |
Resolution 1: To approve continuation of directorship
of Dr. Bruce L A Carter (DIN: 02331774) and further re-appoint him as a non-executive independent director for the second term
of 3 (three) consecutive years.
| 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 | 44,458,528 | 100.00 | 44,458,528 | - | 100.00 | - | |||||||||||||||||||||||
| Poll | 44,458,528 | - | - | - | - | - | - | |||||||||||||||||||||||
| Postal Ballot | - | - | - | - | - | - | ||||||||||||||||||||||||
| Total | 44,458,528 | 44,458,528 | 100.00 | 44,458,528 | - | 100.00 | - | |||||||||||||||||||||||
| Public - Institutions | E-voting | 81,230,802 | 76.31 | 77,946,765 | 3,284,037 | 95.96 | 4.04 | |||||||||||||||||||||||
| Poll | 106,452,338 | - | - | - | - | - | - | |||||||||||||||||||||||
| Postal Ballot | 314,007 | 0.30 | 314,007 | - | 100.00 | - | ||||||||||||||||||||||||
| Total | 106,452,338 | 81,544,809 | 76.60 | 78,260,772 | 3,284,037 | 95.97 | 4.03 | |||||||||||||||||||||||
| Public-Non Institutions | E-voting | 171,853 | 1.13 | 169,559 | 2,294 | 98.66 | 1.34 | |||||||||||||||||||||||
| Poll | 15,149,995 | - | - | - | - | - | - | |||||||||||||||||||||||
| Postal Ballot | 365,072 | 2.41 | 364,663 | 409 | 99.89 | 0.11 | ||||||||||||||||||||||||
| Total | 15,149,995 | 536,925 | 3.54 | 534,222 | 2,703 | 99.50 | 0.50 | |||||||||||||||||||||||
| TOTAL | 166,060,861 | 126,540,262 | 76.20 | 123,253,522 | 3,286,740 | 97.40 | 2.60 |
Reddy's Laboratories Limited
L85195TG1984PLC004507)
Road No.3, Banjara Hills,
Report on Postal Ballot including e-voting
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 resolution
contained in the postal ballot notice dated February 1, 2019:
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 resolution contained in the postal ballot notice
dated February 1, 2019. 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.
submit my report as under:
on combined results, I report that, resolution no. 1 as per the postal ballot notice dated February 1, 2019, being special resolution
was passed with requisite majority as the number of votes casted in favour of the resolution is more than three (3) times
the number of votes casted against.
| For R & A Associ a tes | ||
| /s/ G. Raghu Babu | ||
| (G. Raghu Babu) | ||
| Place: Hyderabad | Partner | |
| Date: March 24, 2019 | FCS No. F4448, CP No. 2820 | |
| Witness -1: | Witness -2: |
| Signature: | /s/ Tantapureddy Suresh | Signature: | /s/ Suraj Garg | |
| Name: | Tantapureddy Suresh | Name: | Suraj Garg |
Reddy's Laboratories Limited - Scrutinizer's Report on Postal Ballot including e-voting
| Votes in favour of the | ||||||||||||||||||||||||||||||||||||||
| No. of ballots | Total no. of votes | 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 approve continuation of directorship of Dr. Bruce L A Carter (DIN: 02331774) and further re-appoint him as a non-executive independent director for the second term of 3 (three) consecutive years | E-Voting | 1236 | 12,58,61,183 | 12,25,74,852 | 97.39 | % | 32,86,331 | 2.61 | % | 0 | 0.00 | % | Special Resolution was passed with requisite majority as the number of votes casted in favour of the resolution is more than three (3) times the number of votes against. | ||||||||||||||||||||||||
| Physical Ballot | 242 | 6,79,136 | 6,78,670 | 99.93 | % | 409 | 0.06 | % | 57 | 0.01 | % | |||||||||||||||||||||||||||
| Total | 1478 | 12,65,40,319 | 12,32,53,522 | 97.40 | % | 32,86,740 | 2.60 | % | 57 | 0.00 | % |