Full Press Release Details
National Stock Exchange of India Ltd. (Scrip Code:
BSE Limited (Scrip Code: 500124)
Sub: Postal Ballot Notice
Pursuant to Regulation 30 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Postal Ballot Notice seeking approval of members, through
remote e-voting for a Special Resolution to approve the appointment of Mr. Arun Madhavan Kumar (DIN: 09665138), as an Independent Director
of the Company, in terms of Section 149 of the Companies Act, 2013.
In accordance with the General Circulars issued
by the Ministry of Corporate Affairs ( MCA Circulars'), the Postal Ballot 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 September 16, 2022 ("cut-off date") received from the Depositories and whose e-mail address
are registered with the Company/ Depositories.
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 Wednesday, September 21, 2022 (9:00
AM 1ST) and ends on Thursday, October 20, 2022 (5:00 PM IST).
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 and records.
For Dr. Reddy's Laboratories Limited
| /s/ K. Randhir Singh | |
| K. Randhir Singh | |
| Company Secretary & Compliance Officer |
| CC: | New York Stock Exchange Inc.(Stock Code :RDY) |
| NSE IFSC Ltd. |
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. 3/2022 dated May 5, 2022,
issued by the Ministry of Corporate Affairs ("MCA Circulars"), for 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 Resolution set out hereinafter.
The proposed resolution along
with the explanatory statement under Section 102 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 act as the Scrutiniser 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 "SEBI 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, September
16, 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'.
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. The result along with the Scrutinizer's report would be displayed at the Registered
Office of the Company, and will be 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.
RESOLUTION THROUGH POSTAL BALLOT
To approve the appointment of Mr. Arun Madhavan
Kumar (DIN: 09665138), as an Independent Director of the Company, 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:
pursuant to the provisions of Sections 149 and 152 read with Schedule IV and other applicable provisions, if any, of the Companies Act,
2013 read with the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment
thereof, for the time being in force), and Regulations 17(1C), 25(2A) and any other applicable provisions of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, as amended from time to time, Mr. Arun Madhavan Kumar (DIN: 09665138), who was appointed
as an additional director of the Company, categorised as independent, by the Board of Directors with effect from August 1, 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 August 1, 2022 till July 31, 2027 and shall not be liable to retire by rotation;
RESOLVED FURTHER THAT
the Board of Directors of the Company be and are hereby 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."
| Registered Office | By order of the Board of Directors |
| 8-2-337, Road No. 3, Banjara Hills, | For Dr. Reddy's Laboratories Limited |
| Hyderabad, Telangana- 500034, India | |
| CIN: L85195TG1984PLC004507 | |
| Tel-91-40-49002900, Fax-91-40-49002999 | |
| Email: shares@drreddys.com | Sd/- |
| Website: www.drreddys.com | K Randhir Singh |
| Place : Hyderabad | Company Secretary and Compliance Officer |
| Date : July 28, 2022 | Membership No.F6621 |
PROCEDURE FOR E-VOTING':
| EVEN | Commencement of E-voting | End of E-voting | ||
| 122590 | Wednesday September 21, 2022 | Thursday October 20, 2022 | ||
| 9:00 PM (IST) | 5:00 PM (IST) |
Once the Shareholder has exercised the vote, whether
partially or otherwise, the Shareholder shall not be allowed to change it subsequently or cast the vote again.
In terms of SEBI circular dated December 9, 2020,
on e-voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through
their demat account maintained with Depositories and Depository Participants. Shareholders are advised to update their mobile number and
email id in their demat accounts in order to access e-voting facility.
Login method for Individual shareholders holding
securities in demat mode is given below:
| Type of shareholders | Login Method | |
| Individual Shareholders holding securities in demat mode with NSDL. | A. NSDL IDeAS facility If you are registered, follow the following steps: 1. Visit the e-Services website of NSDL viz. https://eservices.nsdl.com either on a personal computer or on a mobile. 2. On the e-Services home page click on the " Beneficial Owner" icon under "Login" which is available under IdeAS' section 3. A new screen will open. You will now have to enter your existing User ID and Password. After successful authentication, you will be able to see e-voting services. 4. Click on "Access to e-voting" under e-voting services and you will be able to see e-voting page. 5. Click on company name or e-voting service provider i.e. NSDL and you will be re-directed to NSDL e-voting website of NSDL for casting your vote during the remote e-voting period. If you are not registered for IDeAS e-Services follow the following steps: 1. Option to register is available at https://eservices.nsdl.com . 2. Select "Register Online for IDeAS Portal" or click at https://eservices.nsdl.com/SecureWeb/IdeasDirectReg.jsp 3. Please follow steps given in points 1-5 above B. E-voting website of NSDL 1. Open web browser by typing the following URL: https://www.evoting.nsdl.com / either on a personal computer or on a mobile. 2. Once the home page of e-voting system is launched, click on the icon "Login" which is available under Shareholder/Member' section. 3. A new screen will open. You will have to enter your User ID (i.e. your sixteen digit demat account number held with NSDL), Password/OTP and a Verification Code as shown on the screen. 4. After successful authentication, you will be redirected to NSDL site wherein you can see e-voting page. Click on company name or e-voting service provider i.e. NSDL and you will be redirected to e-voting website of NSDL for casting your vote during the remote e-voting period. | |
| Individual Shareholders holding securities in demat mode with CDSL | 1. Existing users who have opted for Easi / Easiest, can login through their user id and password. Option will be made available to reach e-voting page without any further authentication. The URL for users to login to Easi / Easiest are https://web.cdslindia.com/myeasi/home/login or www.cdslindia.com and click on New System Myeasi. 2. After successful login of Easi/Easiest the user will be also able to see the e-voting menu. The menu will have links of e-voting service provider i.e. NSDL. Click on NSDL to cast your vote. 3. If the user is not registered for Easi/Easiest, option to register is available at https://web.cdslindia.com/myeasi/Registration/EasiRegistration |
| 4. Alternatively, the user can directly access e-voting page by providing demat account number and PAN No. from a link in www.cdslindia.com home page. The system will authenticate the user by sending OTP on registered mobile & email as recorded in the demat account. After successful authentication, user will be provided links for the respective e-voting service provider i.e. NSDL where the e-voting is in progress. | |
| Individual Shareholders (holding securities in demat mode) login through their depository participants | 1. You can also login using the login credentials of your demat account through your Depository Participant registered with NSDL/CDSL for e-voting facility. 2. Upon logging in, you will be able to see e-voting option. Click on e-voting option, you will be redirected to NSDL/CDSL Depository site after successful authentication, wherein you can see e-voting feature. 3. Click on company name or e-voting service provider i.e. NSDL and you will be redirected to e-voting website of NSDL for casting your vote during the remote e-voting period. |
Important note: Members who are unable
to retrieve User ID/ Password are advised to use Forgot User ID and Forgot Password option available at abovementioned website.
Helpdesk for Individual Shareholders holding
securities in demat mode for any technical issues related to login through Depository i.e. NSDL and CDSL are as under:
| Login type | Helpdesk details | |
| Individual Shareholders holding securities in demat mode with NSDL | Members facing any technical issue in login can contact NSDL helpdesk by sending a request at evoting@nsdl.co.in or call at toll free no.: 1800 1020 990 and 1800 22 44 30 | |
| Individual Shareholders holding securities in demat mode with CDSL | Members facing any technical issue in login can contact CDSL helpdesk by sending a request at helpdesk.evoting@cdslindia.com or contact at 022-23058738 or 022-23058542-43 |
Step 1: How to Log-in to NSDL e-voting website?
| Manner of holding shares i.e. Demat | Your User ID is | |
| (NSDL or CDSL) or Physical | ||
| a. For Members who hold shares in demat account with NSDL | 8 character DP ID followed by 8 Digit Client ID For example: if your DP ID is IN300*** and Client ID is 12****** then your User ID is IN300***12****** | |
| b. For Members who hold shares in demat account with CDSL. | 16 digit Beneficiary ID For example: if your Beneficiary ID is 12************** then your User ID is 12************** | |
| c. For Members holding shares in Physical Form | EVEN number followed by folio number registered with the Company. For example: if Folio Number is A01*** and EVEN is 123456 then User ID is 123456A01*** |
for retrieving password:
to cast your vote electronically on NSDL e-voting system?
General Guidelines for members
Explanatory Statement pursuant to Section 102,
any other applicable provisions of the Companies Act, 2013 (hereinafter referred to as "the Act"), the rules made thereunder,
as applicable, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as "SEBI Listing
Regulations") and Secretarial Standards on General Meetings (SS-2)
To approve the appointment of Mr. Arun Madhavan
Kumar (DIN: 09665138), as an Independent Director of the Company, in terms of Section 149 of the Companies Act, 2013