Full Press Release Details
National Stock Exchange of India Ltd. (Scrip Code:
BSE Limited (Scrip Code: 500124)
New York Stock Exchange Inc. (Stock Code: RDY)
NSE IFSC Ltd (Stock Code: DRREDDY)
This is in furtherance to our letter dated January
15, 2024 enclosing therein Notice of Postal Ballot for seeking approval of Members of the Company, regarding the appointment of Mr. Sanjiv
Soshil Mehta (DIN: 06699923) as an Independent Director of the Company, effective from December 29, 2023 in terms of Section 149 of the
Companies Act, 2013, by way of special resolution through voting by electronic means (remote e-voting).
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.
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, for your information and records. The same is also being made
available on the Company's website, www.drreddys.com.
This is for your information and records.
For Dr. Reddy's Laboratories Limited
| K Randhir Singh | |
| Company Secretary, Compliance Officer and Head-CSR |
CC: National Securities Depositary Limited (NSDL)
201-206. SHIV SMRITI, 2ND FLOOR, 49/A, DR. ANNIE BESANT
ROAD, ABOVE CORPORATION BANK, WORLI, MUMBAI - 400 018
TEL : +91-22-6611 9696, - E-mail: dipti@mehta-mehta.com
- Visit us; www.mehta-mehta.com
AUTHORISED AGENTS FOR TRADEMARK, COPYRIGHT AND
Scrutinizer's Report
[Pursuant to Section 108 and 110 of the Companies
Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014]
Dr. Reddy's Laboratories Limited
8-2-337, Road No. 3, Banjara Hills,
Hyderabad, Telangana- 500034
Sub: Scrutinizer's Report on voting through
E-voting for Postal Ballot in terms of Section 108 and 110 of the Companies Act, 2013 read with Rule 20 and 22 of the Companies (Management
and Administration) Rules, 2014
I, Atul Mehta, Partner, M/s, Mehta & Mehta,
Practicing Company Secretaries have been appointed as a Scrutinizer by the Board of Directors of Dr. Reddy's Laboratories Limited
("Company") for the purpose of scrutinizing the Postal Ballot remote e-voting process carried out by the Company as per
Section 108, 110 and other applicable provisions, if any, of the Companies Act, 2013 and Rules 20 and 22 of the Companies (Management
and Administration) Rules, 2014 read with the General Circular No. 14/2020 dated April 8, 2020, the General Circular No. 17/2020 dated
April 13, 2020, and the General Circular No. 22/2020 dated June 15, 2020, the General Circular No. 33/2020 dated September 28, 2020, the
General Circular No. 3 9/2020 dated December 31, 2020, the General Circular No. 10/2021 dated June 23, 2021 and the General Circular No.
20/2021 dated December 8, 2021, General Circular No. 03/2022 dated May 05, 2022, General Circular No. 11/2022 dated December 28, 2022
and General Circular No. 09/2023 dated September 25, 2023, issued by the Ministry of Corporate Affairs, Government of India (the "MCA
Circulars"), Regulation 44 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,
2015, Secretarial Standards on General Meetings ("SS-2") issued by the Institute of Company Secretaries of India on the resolution
as mentioned in the Notice of Postal Ballot dated Friday, January 12, 2024,in a fair and transparent manner and do hereby submit the report
Votes in favour of the resolution:
| Number of members who voted | Number of votes cast by them | % of total number of valid votes cast | ||||||
| 2,575 | 13,22,96,356 | 99.76 | % |
Votes against the resolution:
| Number of members who voted | Number of votes cast by them | % of total number of valid votes cast | ||||||
| 86 | 3,16,136 | 0.24 | % |
Invalid/Abstained votes:
| Total number of members whose votes were declared invalid/abstained | Total number of votes cast by them | |||
| 0 | 0 |
The Special resolution has been passed, since the votes casted
in favour of the resolution are more than three times the votes against the resolution.
| /s/ Atul Mehta | |
| Atul Mehta | |
| Scrutinizer | |
| FCS No: 5782 | |
| CP No: 2486 | |
| UDIN: F005782E003432183 | |
| PR No.: 3686/2023 | |
| Place: Mumbai | |
| Date: February 14, 2024 |
| (Person authorized by Chairman) | |
| K Randhir Singh |
Company Secretary, Compliance Officer, and Head- CSR
Laboratories Limited
Membership No: F6621
Date: February 14, 2024
| General information about company | |
| Scrip code | 500124 |
| NSE Symbol | DRREDDY |
| MSEI Symbol | NOTLISTED |
| ISIN | INE089A01023 |
| Name of the company | Dr. Reddy's Laboratories Limited |
| Type of meeting | Postal Ballot |
| Date of the meeting / last day of receipt of postal ballot forms (in case of Postal Ballot) | 14-02-2024 |
| Start time of the meeting | |
| End time of the meeting |
| Scrutinizer Details | |
| Name of the Scrutinizer | Atul Mehta |
| Firms Name | Mehta & Mehta |
| Qualification | CS |
| Membership Number | F5782 |
| Date of Board Meeting in which appointed | 29-12-2023 |
| Date of Issuance of Report to the company | 14-02-2024 |
| Voting results | |
| Record date | 12-01-2024 |
| Total number of shareholders on record date | 272623 |
| No. of shareholders present in the meeting either in person or through proxy | |
| a) Promoters and Promoter group | |
| b) Public | |
| No. of shareholders attended the meeting through video conferencing | |
| a) Promoters and Promoter group | |
| b) Public | |
| No. of resolution passed in the meeting | 1 |
| Resolution (1) | |
| Resolution required: (Ordinary / Special) | Special |
| Whether promoter/promoter group are interested in the agenda/resolution? | No |
| Description of resolution considered | Approval of the appointment of Mr. Sanjiv Soshil Mehta (DIN: 06699923) as an Independent Director of the Company, in terms of Section 149 of the Companies Act, 2013 |
| 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 | ||||||||||||||||||||||||
| E-Voting | 44461128 | 100.0000 | 44461128 | 0 | 100.0000 | 0.0000 | ||||||||||||||||||||||||
| Promoter and Promoter Group | Poll | 44461128 | 0 | 0.0000 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
| Total | 44461128 | 44461128 | 100.0000 | 44461128 | 0 | 100.0000 | 0.0000 | |||||||||||||||||||||||
| E-Voting | 88026686 | 83.0742 | 87714807 | 311879 | 99.6457 | 0.3543 | ||||||||||||||||||||||||
| Public- Institutions | Poll | 105961488 | 0 | 0.0000 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
| Total | 105961488 | 88026686 | 83.0742 | 87714807 | 311879 | 99.6457 | 0.3543 | |||||||||||||||||||||||
| E-Voting | 124678 | 0.7608 | 120421 | 4257 | 96.5856 | 3.4144 | ||||||||||||||||||||||||
| Public- Non Institutions | Poll | 16386781 | 0 | 0.0000 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
| Total | 16386781 | 124678 | 0.7608 | 120421 | 4257 | 96.5856 | 3.4144 | |||||||||||||||||||||||
| Total | 166809397 | 132612492 | 79.4994 | 132296356 | 316136 | 99.7616 | 0.2384 | |||||||||||||||||||||||
| Whether resolution is Pass or Not. | Yes |
| Details of Invalid Votes | |
| Category | No. of Votes |
| Promoter and Promoter Group | 0 |
| Public Insitutions | 0 |
| Public - Non Insitutions | 0 |