Full Press Release Details
Stock Exchange of India Ltd. (Scrip Code: DRREDDY-EQ)
Limited (Scrip Code: 500124)
York Stock Exchange Inc. (Stock Code: RDY)
IFSC Ltd (Stock Code: DRREDDY)
is in reference to Regulation 30(11) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing
Regulations") regarding a news article published in electronic media, https://www.cnbctv18.com/, amongst others on December
11, 2023, with the heading "Dr Reddy's shares fall most in seven months after an analyst expects a warning letter for its Bachupally
said news article talks about "the US drug regulator had inspected the Bachupally unit between
October 19, 2023 and October 27, 2023, post which it had issued the Form 483 with the 10 observations".
this connection, we wish to inform that the Company vide its letter dated October 28, 2023, has already intimated the stock exchanges
regarding completion of cGMP inspection by the United States Food & Drug Administration (USFDA) at the Company's formulations
manufacturing facility (FTO-3) in Bachupally, Hyderabad. It was also intimated that the Company was issued a Form 483 with ten observations,
which the Company would address within the stipulated timeline.
continuation of our said letter dated October 28, 2023, please note that we have responded appropriately to the USFDA and await further
communication. In this regard, please note that the Company does not comment on market speculations and there is currently no such information
which requires disclosure under Regulation 30 of the SEBI Listing Regulations.
compliance with Regulation 30 of the SEBI Listing Regulations, the Company makes prompt disclosures, as and when any event or information
is considered material or warrants such disclosure under the said Regulations.
is for your information and record.
Dr. Reddy's Laboratories Limited
Secretary, Compliance Officer and Head-CSR