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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 3

Key Takeaway: 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 National Stock Exchange of India Limited New York Stock Ex

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
National Stock Exchange of India Limited
New York Stock Exchange
Ref.: Scrip Code: 500124 (BSE), DRREDDY
Sub.: Outcome of 35th Annual General
Meeting & Voting results.
This is with reference to our earlier letter
dated 4 July 2019 regarding the 35th Annual General Meeting (AGM) of the Company held today i.e. 30 July 2019.
In accordance with Regulation 44 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), this is to inform you that the
Members of the Company transacted the business as stated in the Notice of 35th AGM, dated 17 May 2019.
Sl. no. Description Particulars
A Date of AGM 30 July 2019
B Total no. of Shareholders on record (cut-off) date (23 July 2019) 1,22,862
C No. of shareholders present in meeting either in person or through proxy 204
D Shareholders Present in person and proxy Equity Shares % to capital
Promoter & Promoter group 11 4,44,58,528 26.76
Public 193 2,41,96,111 14.57
Total 204 6,86,54,639 41.33
E No. of shareholders attended the meeting through video conferencing: Promoter & Promoter group: Not applicable Public: Not applicable
The agenda-wise disclosure of voting details
is enclosed as Annexure-A. The Report of Scrutinizer on remote e-voting & voting at AGM (by electronic means) is enclosed as
Further, pursuant to Regulation 30 of the
Listing Regulations, summary of the 35th AGM proceedings is enclosed as Annexure - C.
With regards,
/s/ Sandeep Poddar
Sandeep Poddar
Company Secretary
Encl: a/a
CC: National Securities Depositary Limited
DR REDDY'S LABORATORIES LIMITED - 35th AGM Voting Results Under Regulations 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Resolution 1: Adoption of financial statements (standalone and consolidated) of the Company for the year ended 31 March 2019, including the audited Balance Sheet as at 31 March 2019 and the Statement of Profit and Loss of the Company for the year ended on that date, along with the reports of the Board of Directors and Auditors thereon.
Resolution required: (Ordinary / Special) Ordinary 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 44,458,528 100.00% 44,458,528 - 100.00% 0.00%
Poll - - - - - -
Total 44,458,528 100.00% 44,458,528 - 100.00% 0.00%
Public- Institutions E-Voting 106,753,535 81,708,703 76.54% 81,705,437 3,266 100.00% 0.00%
Poll - - - - - -
Total 81,708,703 76.54% 81,705,437 3,266 100.00% 0.00%
Public- Non Institutions E-Voting 14,901,777 341,112 2.29% 340,943 169 99.95% 0.05%
Poll - - - - - -
Total 341,112 2.29% 340,943 169 99.95% 0.05%
Total 166,113,840 126,508,343 76.16% 126,504,908 3,435 100.00% 0.00%
E-Voting includes remote evoting and voting at the AGM venue.
Resolution 2: Declaration of dividend on the equity shares for the financial year 2018-19.
Resolution required: (Ordinary / Special) Ordinary Resolution
Whether promoter/promoter group are interested in the agenda/resolution ? To the extent of their shareholding
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 44,458,528 100.00% 44,458,528 - 100.00% 0.00%
Poll - - - - - -
Total 44,458,528 100.00% 44,458,528 - 100.00% 0.00%
Public- Institutions E-Voting 106,753,535 85,247,903 79.85% 85,245,666 2,237 100.00% 0.00%
Poll - - - - - -
Total 85,247,903 79.85% 85,245,666 2,237 100.00% 0.00%
Public- Non Institutions E-Voting 14,901,777 340,847 2.29% 340,714 133 99.96% 0.04%
Poll - - - - - -
Total 340,847 2.29% 340,714 133 99.96% 0.04%
Total 166,113,840 130,047,278 78.29% 130,044,908 2,370 100.00% 0.00%
E-Voting includes remote evoting and voting at the AGM venue.
Resolution 3: To reappoint Mr. G V Prasad (DIN: 00057433), who retires by rotation, and being eligible offers himself for the reappointment.
Resolution required: (Ordinary / Special) Ordinary Resolution
Whether promoter/promoter group are interested in the agenda/resolution ? Yes
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 44,458,528 100.00% 44,458,528 - 100.00% 0.00%
Poll - - - - - -
Total 44,458,528 100.00% 44,458,528 - 100.00% 0.00%
Public- Institutions E-Voting 106,753,535 85,241,245 79.85% 84,956,568 284,677 99.67% 0.33%
Poll - - - - - -
Total 85,241,245 79.85% 84,956,568 284,677 99.67% 0.33%
Public- Non Institutions E-Voting 14,901,777 340,894 2.29% 340,238 656 99.81% 0.19%
Poll - - - - - -
Total 340,894 2.29% 340,238 656 99.81% 0.19%
Total 166,113,840 130,040,667 78.28% 129,755,334 285,333 99.78% 0.22%
E-Voting includes remote evoting and voting at the AGM venue.
Resolution 4: Reappointment of Mr. Sridar Iyengar (DIN: 00278512) as an independent director for a second term of four years in terms of section 149 of the Companies Act, 2013 and Listing Regulations.
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 44,458,528 100.00% 44,458,528 - 100.00% 0.00%
Poll - - - -
Total 44,458,528 100.00% 44,458,528 - 100.00% 0.00%
Public- Institutions E-Voting 106,753,535 84,357,254 79.02% 83,971,330 385,924 99.54% 0.46%
Poll - - - - -
Total 84,357,254 79.02% 83,971,330 385,924 99.54% 0.46%
Public- Non Institutions E-Voting 14,901,777 339,940 2.28% 338,557 1,383 99.59% 0.41%
Poll - - - - - -
Total 339,940 2.28% 338,557 1,383 99.59% 0.41%
Total 166,113,840 129,155,722 77.75% 128,768,415 387,307 99.70% 0.30%
E-Voting includes remote evoting and voting at the AGM venue.
Resolution 5: Reappointment of Ms. Kalpana Morparia (DIN: 00046081) as an independent director for a second term of five years in terms of section 149 of the Companies Act, 2013 and Listing Regulations.
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 44,458,528 100.00% 44,458,528 - 100.00% 0.00%
Poll - - - - - -
Total 44,458,528 100.00% 44,458,528 - 100.00% 0.00%
Public- Institutions E-Voting 106,753,535 75,435,156 70.66% 70,636,696 4,798,460 93.64% 6.36%
Poll - - - - - -
Total 75,435,156 70.66% 70,636,696 4,798,460 93.64% 6.36%
Public- Non Institutions E-Voting 14,901,777 340,911 2.29% 327,778 13,133 96.15% 3.85%
Poll - - - - - -
Total 340,911 2.29% 327,778 13,133 96.15% 3.85%
Total 166,113,840 120,234,595 72.38% 115,423,002 4,811,593 96.00% 4.00%
E-Voting includes remote evoting and voting at the AGM venue.
Resolution 6: Appointment of Mr. Leo Puri (DIN: 01764813) as an independent director in terms of section 149 of the Companies Act, 2013 for a term of five years.
Resolution required: (Ordinary / Special) Ordinary 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 44,458,528 100.00% 44,458,528 - 100.00% 0.00%
Poll - - - - - -
Total 44,458,528 100.00% 44,458,528 - 100.00% 0.00%
Public- Institutions E-Voting 106,753,535 84,357,943 79.02% 84,178,732 179,211 99.79% 0.21%
Poll - - - - - -
Total 84,357,943 79.02% 84,178,732 179,211 99.79% 0.21%
Public- Non Institutions E-Voting 14,901,777 340,922 2.29% 338,083 2,839 99.17% 0.83%
Poll - - - - - -
Total 340,922 2.29% 338,083 2,839 99.17% 0.83%
Total 166,113,840 129,157,393 77.75% 128,975,343 182,050 99.86% 0.14%
E-Voting includes remote evoting and voting at the AGM venue.
Resolution 7: Appointment of Ms. Shikha Sharma (DIN: 00043265) as an independent director in terms of section 149 of the Companies Act, 2013 for a term of five years.
Resolution required: (Ordinary / Special) Ordinary 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 44,458,528 100.00% 44,458,528 - 100.00% 0.00%
Poll - - - - - -
Total 44,458,528 100.00% 44,458,528 - 100.00% 0.00%
Public- Institutions E-Voting 106,753,535 84397657 79.06% 75170779 9226878 89.07% 10.93%
Poll - - - - - -
Total 84397657 79.06% 75170779 9226878 89.07% 10.93%
Public- Non Institutions E-Voting 14,901,777 340857 2.29% 336230 4,627 98.64% 1.36%
Poll - - - - - -
Total 340857 2.29% 336230 4,627 98.64% 1.36%
Total 166,113,840 129,197,042 77.78% 119,965,537 9,231,505 92.85% 7.15%
E-voting includes remote e-voting and voting at AGM venues
Resolution 8: Appointment of Mr. Allan Oberman (DIN: 08393837) as an independent director in terms of section 149 of the Companies Act, 2013 for a term of five years.
Resolution required: (Ordinary / Special) Ordinary 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 44,458,528 100% 44,458,528 - 0.00% 0.00%
Poll - - - - - -
Total 44,458,528 1 44,458,528 - 0.00% 0.00%
Public- Institutions E-Voting 106,753,535 84,394,493 79.06% 81,843,394 2,551,099 96.98% 3.02%
Poll - - - - - -
Total 84,394,493 79.06% 81,843,394 2,551,099 96.98% 3.02%
Public- Non Institutions E-Voting 14,901,777 339,903 2.28% 336,665 3,238 0.95% 0.95%
Poll - - - - - -
Total 339,903 2.28% 336,665 3,238 0.95% 0.95%
Total 166,113,840 129,192,924 77.77% 126,638,587 2,554,337 98.02% 1.98%
E-Voting includes remote evoting and voting at the AGM venue.
Resolution 9: To ratify the remuneration payable to cost auditors, M/s. Sagar & Associates, cost accountants for the financial year ending 31 March 2020.
Resolution required: (Ordinary / Special) Ordinary 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 44,458,528 100.00% 44,458,528 - 100.00% 0.00%
Poll - - - - - -
Total 44,458,528 100.00% 44,458,528 - 100.00% 0.00%
Public- Institutions E-Voting 106,753,535 85,242,314 79.85% 85,233,824 8,490 99.99% 0.01%
Poll - - - - - -
Total 85,242,314 79.85% 85,233,824 8,490 99.99% 0.01%
Public- Non Institutions E-Voting 14,901,777 340,937 2.29% 337,030 3,907 98.85% 1.15%
Poll - - - - - -
Total 340,937 2.29% 337,030 3,907 98.85% 1.15%
Total 166,113,840 130,041,779 78.28% 130,029,382 12,397 99.99% 0.01%
E-voting includes remote e-voting and voting at AGM venues
CONSOLIDATED SCRUTINIZER'S REPORT
[Pursuant to Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014
(as amended)]
Dr. Reddy's Laboratories Limited
8-2-337, Road No.3, Banjara Hills
35th Annual General Meeting
of the Members of Dr. Reddy's Laboratories Limited held on Tuesday, 30th July 2019 at 9.30 AM IST at the Ballroom,
Hotel Park Hyatt, Road No. 2, Banjara Hills, Hyderabad - 500034, Telangana, India.
I, G Raghu Babu, Company Secretary in whole-time
practice, Partner, R & A Associates, Company Secretaries, Hyderabad was appointed as Scrutinizer by the Board of Directors
of the Dr. Reddy's Laboratories Limited (Company) for the purpose of scrutinizing the remote e-voting and voting process
for the 35th Annual General Meeting (AGM) of the Company in fair and transparent manner pursuant to Section 108 of the
Companies Act, 2013 (the Act) read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended) (the
Rules) and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 (Listing Regulations),
on the resolutions contained in the Notice of the 35th AGM of the members of the Company, held on Tuesday, 30 July,
2019 at 9.30 AM IST and also for ascertaining the requisite majority for the resolutions proposed therein.
The management of the Company is responsible
to ensure the compliance with the requirements of the Act and the Rules and Listing Regulations relating to remote e-voting and
voting process for the resolutions contained in the Notice of the 35th AGM of the members of the company. Our responsibility
as a Scrutinizer is to ensure that remote e-voting and voting process is carried out in a fair and transparent manner and to make
a consolidated scrutinizer's report on remote e-voting and voting at the AGM venue. The Company has engaged the services
of National Securities Depository Limited (NSDL) for voting by electronic means (both for remote e-voting and voting at the AGM
In accordance with the Notice of the 35th
AGM sent to the members and the Advertisement' published pursuant to Rule 20 of the Companies (Management and Administration)
Rules, 2014 (as amended), the remote e-voting period was open from 9.00 AM IST on Friday, July 26, 2019 and was closed at 5.00
PM IST on Monday, July 29, 2019.
Members holding shares as on Tuesday, July
23, 2019, "cut off date", were entitled to vote on the resolution stated in the Notice of the 35th AGM of
The voting at the AGM venue was allowed
with our assistance by using an electronic voting system, on the resolutions on which the voting is to be held. The said voting
system was provided to all those members who were present at the AGM venue but have not cast their votes by availing the remote
e-voting facility. As per the information provided by NSDL, the name of the members who had already voted through remote e-voting
facility was blocked for voting at the AGM.
After the conclusion of the voting at the
AGM venue, the votes cast thereat were downloaded from website of NSDL. Thereafter, the votes on remote e-voting were unblocked
on Tuesday, July 30, 2019 at 11.45 AM IST, in the presence of two witnesses who were not employees of the Company and the e-voting
results/list of members who have voted for and against were downloaded from the e-voting website of NSDL.
The combined results of the remote e-voting
and voting at the AGM venue are given as Annexure-I' to this report. Based on combined results, we report that, all
the resolutions as per the Notice of the 35th AGM of the Company stands passed with requisite majority.
The electronic data and all other relevant
records relating to the remote e-voting and voting at the AGM venue are under my safe custody until the Chairman approves and sign
the Minutes of the 35th AGM and thereafter will be handed over to the Company Secretary of the Company for safe preservation.
Place: Hyderabad Date: July 30, 2019 For R & A Associates (G. Raghu Babu) Partner FCS No.4448, CP No. 2820
Witness -1: Witness -2:
Signature: /s/ Siddarth Patil Signature: /s/ Sowmya Kulkarni
Name: Siddarth Patil Name: Sowmya Kulkarni
Annexure-I
Combined Results (remote e-voting and e-voting at AGM venue)
Item number of Notice and type of Total no. of votes Votes in favour of the resolution Votes against the resolution Invalid Votes
Resolution Description Mode of Voting cast No's %age No's %age No's %age
1 - Ordinary Resolution To receive, consider and adopt the financial statements (standalone and consolidated) of the company for the year ended 31 March 2019, including the audited balance sheet as at 31 March 2019 and the statement of profit and loss of the company for the year ended on that date along with the reports of the board of directors and auditors thereon remote e-voting 126,090,748 126087356 100.00% 3392 0.00% - -
e- voting at the AGM venue 417,595 417552 99.99% 43 0.01% - -
Total 126,508,343 126,504,908 100.00% 3,435 0.00% - -
2 - Ordinary Resolution To declare dividend on the equity shares for the financial year 2018-19. remote e-voting 129,629,698 129627365 100.00% 2333 0.00% - -
e- voting at the AGM venue 417,580 417543 99.99% 37 0.01% - -
Total 130,047,278 130,044,908 100.00% 2,370 0.00% - -
3 - Ordinary Resolution To reappoint Mr. G V Prasad (DIN: 00057433), who retires by rotation, and being eligible offers himself for the reappointment. remote e-voting 129,623,147 129337864 99.78% 285283 0.22% - -
e- voting at the AGM venue 417,520 417470 99.99% 50 0.01% - -
Total 130,040,667 129,755,334 99.78% 285,333 0.22% - -
4 - Special Resolution Reappointment of Mr. Sridar Iyengar (DIN: 00278512) as an independent director for a second term of four years in terms of section 149 of the Companies Act, 2013 and Listing Regulations. remote e-voting 128,738,202 128350932 99.70% 387270 0.30% - -
e- voting at the AGM venue 417,520 417483 99.99% 37 0.01% - -
Total 129,155,722 128,768,415 99.70% 387,307 0.30% - -
5 - Special Resolution Reappointment of Ms. Kalpana Morparia (DIN: 00046081) as an independent director for a second term of five years in terms of section 149 of the Companies Act, 2013 and Listing Regulations. remote e-voting 119,817,075 115005643 95.98% 4811432 4.02% - -
e- voting at the AGM venue 417,520 417359 99.96% 161 0.04% - -
Total 120,234,595 115,423,002 96.00% 4,811,593 4.00% - -
6 - Ordinary Resolution Appointment of Mr. Leo Puri (DIN: 01764813) as an independent director in terms of section 149 of the Companies Act, 2013 for a term of five years. remote e-voting 128,739,818 128557815 99.86% 182003 0.14% - -
e- voting at the AGM venue 417,575 417528 99.99% 47 0.01% - -
Total 129,157,393 128,975,343 99.86% 182,050 0.14% - -
7 - Ordinary Resolution Appointment of Ms. Shikha Sharma (DIN: 00043265) as an independent director in terms of section 149 of the Companies Act, 2013 for a term of five years. remote e-voting 128,779,462 119547994 92.83% 9231468 7.17% - -
e- voting at the AGM venue 417,580 417543 99.99% 37 0.01% - -
Total 129,197,042 119,965,537 92.85% 9,231,505 7.15% - -
8- Ordinary Resolution Appointment of Mr. Allan Oberman (DIN: 08393837) as an independent director in terms of section 149 of the Companies Act, 2013 for a term of five years. remote e-voting 128,775,394 126221094 98.02% 2554300 1.98% - -
e- voting at the AGM venue 417,530 417493 99.99% 37 0.01% - -
Total 129,192,924 126,638,587 98.02% 2,554,337 1.98% - -
9- Ordinary Resolution To ratify the remuneration payable to cost auditors, M/s. Sagar & Associates, cost accountants for the financial year ending 31 March 2020. remote e-voting 129,624,249 129612013 99.99% 12236 0.01% - -
e- voting at the AGM venue 417,530 417369 99.96% 161 0.04% - -
Total 130,041,779 130,029,382 99.99% 12,397 0.01% - -
SUMMARY OF PROCEEDINGS OF THE 35TH ANNUAL
The 35th Annual General Meeting (AGM) of
the members of Dr. Reddy's Laboratories Limited ( the Company') was held on Tuesday, 30 July 2019 at 9.30 AM
at The Ballroom, Hotel Park Hyatt, Banjara Hills, Road No.2, Hyderabad - 500034, India. The following Directors were present:
1. Mr. K Satish Reddy Chairman and Member
2. Mr. G V Prasad Co-Chairman and Managing Director and Member
3. Mr. Allan Oberman Independent Director
4. Mr. Bharat N Doshi Independent Director and Member
5. Dr. Bruce L A Carter Independent Director and ADR holder
6. Ms. Kalpana Morparia Independent Director and Member
7. Mr. Leo Puri Independent Director
8. Dr. Omkar Goswami Independent Director and Member
9. Mr. Prasad R Menon Independent Director
10. Ms. Shikha Sharma Independent Director
11. Mr. Sridar Iyengar Independent Director
Mr. Erez Israeli Chief Executive Officer
Mr. Saumen Chakraborty Chief Financial Officer
Mr. Sandeep Poddar Company Secretary
Mr. G Raghu Babu Scrutinizer, Ms. R & A Associates,
Practising Company Secretaries
Representatives of M/s. S R Batliboi &
Associates LLP, Statutory Auditors and Dr. K R Chandratre, Secretarial Auditor, were also present to address shareholder queries,
In person 184 representing 2,134,580 shares
By proxy 20 representing 66,520,059 shares
In terms of Regulation 44(6) of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company provided the facility of one-way live webcast
of proceedings of AGM, through National Securities Depository Limited (NSDL).
Pursuant to Article 70 of Articles of Association
of the Company, Mr. K Satish Reddy, the Chairman of the Board took the chair and conducted the proceedings of the Meeting. The
requisite quorum being present, the meeting was called to order. The Company Secretary read the Notice of the 35th AGM and the
Auditor's Report. The members noted that there were no qualifications, observations or comments or other remarks in the Statutory
Auditor's Report and Secretarial Auditor's Report. The Chairman delivered his speech followed with the address by the
Co-Chairman and Managing Director.
The Chairman welcomed Ms. Shikha Sharma,
Mr. Leo Puri and Mr. Allan Oberman as members of the Board and thanked Dr. Omkar Goswami and Mr. Anupam Puri for the contribution
during their tenure.
The shareholders were informed that the
copies of audited financial statements (both standalone and consolidated) for the year ended 31 March 2019, Board's and Auditor's
report had been posted/emailed as the case may be, to all the Members and that the original documents (as referred to in the Annual
Report) along with the statutory registers are available for inspection at the 35th AGM venue.
Members were invited to come forward and
seek clarifications/information on the operational and financial performance of the Company. In addition to certain queries on
financial statements, the shareholders sought clarifications on the following key financial/operational matters:
The shareholders were further informed
that the Company had provided to the shareholders facility to cast their vote electronically, on all resolutions set forth in the
Notice of the 35th AGM through remote e-voting provided by NSDL. The remote e-voting facility was open from Friday, 26 July 2019
(9.00 AM IST) to Monday, 29 July 2019 (5.00 PM IST). Members who were present at the AGM and had not cast their votes through remote
Last updated: Jul 26, 2019