Full Press Release Details
| Corporate Relationship Department | National Stock Exchange of India Ltd. |
| BSE Limited | "Exchange Plaza" |
| Dalal Street, Fort | Bandra-Kurla Complex, Bandra (East), |
| Mumbai - 400 001 | Mumbai - 400 051 |
| Fax Nos.: 022-22723121 / 22723719 / | Fax Nos.: 022-26598120/ 26598237/ |
| 22722037 / 22722039 | 26598238 |
| Scrip Code: 500124 | Scrip Code: DRREDDY-EQ |
Sub: Postal Ballot Notice
Pursuant to Regulation 30 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a copy of the postal ballot notice seeking
approval of members, through remote e-voting for the following businesses:
In accordance with the General Circular
Nos. 14/2020 and 17/2020 dated April 8, 2020 and April 13, 2020 respectively read with other relevant circulars, including General
Circular No. 20/2021 dated December 8, 2021, issued by the Ministry of Corporate Affairs ( MCA Circulars'), the Notice
indicating, inter alia, the process and manner of remote e-voting, is being sent only through electronic mode to the members
whose names appear on the Register of Members / List of Beneficial Owners as on February 18, 2022 ("cut-off date")
received from the Depositories and whose e-mail address are registered with the Company / Depositories.
The hard copies of the Notice, Postal Ballot
Forms or pre-paid business envelope are not being sent to the members for this Postal Ballot, in accordance with the exemptions
granted by the MCA Circulars. Members are required to communicate their assent or dissent through the remote e-voting system only.
The Company has engaged the services of
NSDL for the purpose of providing e-voting facility to all its members. The remote e-voting period commences on Saturday, February
26, 2022 (9:00 AM 1ST) and ends on Sunday, March 27, 2022 (5:00 PM IST).
Members who have not yet registered /
updated their email address are requested to register / update their e-mail address on https://www.drreddys.com/investors/investor-services/shareholder-information/
or with their depository participant or send their consent at shares@drreddys.com along with their folio no. / DP id
and client id and valid e-mail address.
This Postal Ballot Notice will also be
available on the Company's website www.drreddys.com and on the website of NSDL www.evoting.nsdl.com.
This is for your information.
| /s/ Vivek Mittal | |
| Vivek Mittal | |
| Global General Counsel and Compliance Officer |
Postal Ballot Notice
[Pursuant to Section 110 of
the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014 and the Circulars issued by the Ministry
of Corporate Affairs, Government of India]
Notice is hereby given that pursuant to
the provisions of Section 110 of the Companies Act, 2013 (hereinafter referred to as "the Act"), read with Rule 22
of the Companies (Management and Administration) Rules, 2014 (hereinafter referred to as "the Rules") and other applicable
provisions of the Act, rules, circulars and notifications thereunder, as amended from time to time (including any statutory modifications
or re-enactment thereof for the time being in force), General Circular Nos. 14/2020 and 17/2020 dated April 8, 2020 and April 13,
2020 respectively read with other relevant circulars, including General Circular No. 20/2021 dated December 8, 2021, issued by
the Ministry of Corporate Affairs ("MCA Circulars"), for the approval of the members of Dr. Reddy's Laboratories
Limited (hereinafter referred to as "the Company") through postal ballot by voting through electronic means (remote
e-voting) on the Special Resolutions set out hereinafter.
The proposed resolutions along with the
explanatory statement under Section 102(1) of the Act, forming part of this Notice, stating the material facts and reasons thereof
are set out hereafter, for your consideration.
The Board has appointed Mr. G Raghu Babu,
Partner, M/s. R & A Associates, practising Company Secretary, Hyderabad (Membership No. F4448 and Certificate of Practice No.
2820) as the Scrutinizer for conducting the postal ballot through the remote e-voting process in a fair and transparent manner.
He has communicated his willingness to be appointed and will be available for the said purpose.
The Company has engaged the services of
National Securities Depository Limited (NSDL) for the purpose of providing e-voting facility to all its members, pursuant to Section
108 of the Act read with Rule 20 of the Rules, as amended, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (hereinafter referred to as "Listing Regulations") and aforementioned MCA Circulars. In accordance
with the MCA Circulars, the Notice indicating, inter alia, the process and manner of remote e-voting, is being sent only
through electronic mode to the members whose names appear on the Register of Members / List of Beneficial Owners as on Friday,
February 18, 2022 ("cut-off date") received from the Depositories and whose e-mail address are registered with the
Company / Depositories. Accordingly, the Company is pleased to provide remote e-voting facility to all its members to cast their
votes electronically. The detailed instructions for e-voting are given in the Notes under the section Procedure for e-voting'.
The hard copies of Postal Ballot Notice
along with Postal Ballot Forms and pre-paid business envelope will not be sent to the members for this Postal Ballot, in accordance
with the exemptions granted by the MCA Circulars. Members are required to communicate their assent or dissent through the remote
e-voting system only.
The Scrutinizer will submit his report
to the Chairman of the Company or any person authorized by him, after the completion of the scrutiny of the votes cast electronically.
The result of the postal ballot through e-voting process shall be announced at the Registered Office of the Company, on or before
March 29, 2022. The result along with the Scrutinizer's report would be displayed at the Registered Office of the Company,
intimated to NSDL and Stock Exchanges where the Company's securities are listed and displayed on the Company's website
www.drreddys.com along with the Scrutinizer's report.
Item No 1: To approve the Appointment of Dr. K P Krishnan
(DIN: 01099097) as an Independent Director in terms of Section 149 of the Companies Act, 2013
To consider and, if thought fit, to give assent/dissent to the
following resolution, as a Special Resolution:
"RESOLVED THAT pursuant to
the provisions of Section 149, and 152 read with Schedule IV and other applicable provisions, if any, of the Companies Act, 2013
read with Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment
thereof, for the time being in force), and Regulation 17(1C), 25(2A) and any other applicable provisions of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, Dr.
K P Krishnan (DIN: 01099097) who was appointed as an additional director of the company, categorised as independent, by the Board
of Directors with effect from January 7, 2022, in terms of Section 161 of the Companies Act, 2013 and in respect of whom the company
has received notice in writing under Section 160 of the Companies Act, 2013, from a member proposing him as a director, be and
is hereby appointed as an independent director for a term of five consecutive years effective from January 7, 2022 till January
6, 2027 and shall not liable to retire by rotation.
RESOLVED FURTHER THAT the Board
of Directors or the Company Secretary of the Company be and are hereby severally authorized to do and perform all such acts, deeds,
matters and things, as may be considered necessary, desirable or expedient to give effect to this resolution."
Item No 2: To approve the Appointment of Ms. Penny Wan (DIN:
09479493) as an Independent Director in terms of Section 149 of the Companies Act, 2013
To consider and, if thought fit, to give assent/dissent to the
following resolution, as a Special resolution:
"RESOLVED THAT pursuant to
the provisions of Section 149, and 152 read with Schedule IV and other applicable provisions, if any, of the Companies Act, 2013
read with Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment
thereof, for the time being in force), and Regulation 17(1C), 25(2A) and any other applicable provisions of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, Ms.
Penny Wan (DIN: 09479493) who was appointed as an additional director of the Company, categorised as independent, by the Board
of Directors with effect from January 28, 2022, in terms of Section 161 of the Companies Act, 2013 and in respect of whom the Company
has received notice in writing under Section 160 of the Companies Act, 2013, from a member proposing her as a director, be and
is hereby appointed as an independent director for a term of five consecutive years effective from January 28, 2022 till January
27, 2027 and shall not liable to retire by rotation.
RESOLVED FURTHER THAT the Board
of Directors or the Company Secretary of the Company be and are hereby severally authorized to do and perform all such acts, deeds,
matters and things, as may be considered necessary, desirable or expedient to give effect to this resolution."
| Place: Hyderabad | By the Order of the Board |
| Date: January 28, 2022 | Sd/- |
| K Satish Reddy | |
| Chairman |
PROCEDURE FOR E-VOTING':