Full Press Release Details
National Stock Exchange of India Ltd. (Scrip
BSE Limited (Scrip Code: 500124)
This is in reference to our letter dated
September 20, 2022 enclosing therein Notice of Postal Ballot seeking approval of Members of the Company, through remote e-voting
for the following businesses:
We would like to inform that the special
resolution mentioned in the said Postal Ballot Notice have been passed by the Members of the Company with requisite majority on
In accordance with Regulation 44(3) of
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the summarized voting result of the remote e-voting,
in the prescribed format, along with a copy of the Scrutinizer's Report are enclosed herewith as Annexure A',
for your information and records.
For Dr. Reddy's Laboratories Limited
| /s/ K Randhir Singh | |
| K Randhir Singh | |
| Company Secretary and Compliance Officer | |
| FCS 6621 |
NSE IFSC Ltd. (Stock Code: DRREDDY)
National Securities Depositary Limited (NSDL)
| DR. REDDY'S LABORATORIES LIMITED | |
| Date of Postal Ballot Notice | July 28, 2022 |
| Voting Period | September 21, 2022 to October 20, 2022 |
| Cut-off date | September 16, 2022 |
| Total number of shareholders on cut-off date | 268755 |
| Resolution 1 : Appointment of Mr. Arun Madhavan Kumar (DIN: 09665138), as an Independent Director in terms of Section 149 of the Companies Act, 2013 | |
| 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 | No. of votes polled | % of Votes polled on outstanding shares | No. of votes - in favour | No. of votes - against | % of votes in favour on votes polled | % of Votes against on votes polled | |||||||||||||||||||||||
| (1) | (2) | (3)=[(2)/(1)]*100 | (4) | (5) | (6)=[(4)/(2)]*100 | (7)=[(5)/(2)]*100 | |||||||||||||||||||||||||
| Promoter and Promoter Group | E-Voting | 44,461,128 | 100.00 | % | 44,461,128 | - | 100.00 | % | 0.00 | % | |||||||||||||||||||||
| Poll | 44,461,128 | - | - | - | - | - | - | ||||||||||||||||||||||||
| Total | 44,461,128 | 100.00 | % | 44,461,128 | - | 100.00 | % | 0.00 | % | ||||||||||||||||||||||
| Public- Institutions | E-Voting | 91,980,162 | 86.49 | % | 91,608,901 | 371,261 | 99.60 | % | 0.40 | % | |||||||||||||||||||||
| Poll | 106,347,056 | - | - | - | - | - | - | ||||||||||||||||||||||||
| Total | 91,980,162 | 86.49 | % | 91,608,901 | 371,261 | 99.60 | % | 0.40 | % | ||||||||||||||||||||||
| Public- Non Institutions | E-Voting | 170,703 | 1.09 | % | 166,020 | 4,683 | 97.26 | % | 2.74 | % | |||||||||||||||||||||
| Poll | 15,640,260 | - | - | - | - | - | - | ||||||||||||||||||||||||
| Total | 170,703 | 1.09 | % | 166,020 | 4,683 | 97.26 | % | 2.74 | % | ||||||||||||||||||||||
| Total | 166,448,444 | 136,611,993 | 82.07 | % | 136,236,049 | 375,944 | 99.72 | % | 0.28 | % |
Date: 21th October, 2022
M/s. Dr. Reddy's Laboratories Limited,
Registered Office: 8-2-337, Road No.3, Banjara Hills
Hyderabad, Telangana - 500 034, India.
Sub: Consolidated Scrutinizer's
Report on Postal Ballot by voting through remote e-voting.
Pursuant to the resolution passed by the
Board of Directors of Dr. Reddy's Laboratories Limited (Company) on July 28, 2022, I, Mr. G Raghu Babu, Partner, M/s. R & A
Associates, practising Company Secretary, Hyderabad (Membership No. F4448 and Certificate of Practice No. 2820) was appointed as
"Scrutinizer" for conducting the postal ballot through the remote 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 (rules)
and in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement), Regulations,
2015 (SEBI Listing Regulations) on the below special resolution contained in the notice of the postal ballot dated July 28, 2022
The 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
by voting through remote e-voting for the resolutions contained in the notice of the postal ballot dated July 28, 2022. My responsibility
as a Scrutinizer is to ensure that postal ballot by voting through remote e-voting is carried out in a fair and transparent manner
and to make a scrutinizer's report thereon.
I submit our report as under:
Based on combined results, we report that,
resolution no. 1 as per the postal ballot notice dated July 28, 2022, being special resolution was passed with requisite majority.
The results of the E-voting shall be announced by the
Chairman or any person authorized by him on or before Friday October 21, 2022. The results of the voting along with the Scrutinizer's
Report will be made available on the Company's website www.drreddys.com and on the website of NSDL www.evoting.nsdl.com.
I thank you for the opportunity given, to act as
a Scrutinizer for the above Postal Ballot E-Voting.
| For R & A Associates | |
| Place: Hyderabad | Partner |
| Date: October 21, 2022 | FCS No.4448, CP No. 2820 |
| UDIN: F004448D001323194 |
| Dr. Reddy's laboratories Limited - Scrutinizer's Report on Postal Ballot | ||||||||||||||||||||||||||||||||
| S. No | Description | Total No. of votes cast | Votes in favour of the resolution | Votes against the resolution | Invalid Votes | Remarks | ||||||||||||||||||||||||||
| No's | % | No's | % | No's | % | |||||||||||||||||||||||||||
| 1 | Special Resolution- Approval of 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 | 13,66,11,993 | 13,62,36,049 | 99.72 | 3,75,944 | 0.28 | - | - | Special Resolution is passed with requisite major |