Full Press Release Details
National Stock Exchange of India Ltd. (Stock Code:
BSE Limited (Stock Code: 500124)
New York Stock Exchange Inc. (Stock Code: RDY)
NSE IFSC Ltd. (Stock Code: DRREDDY)
This is in furtherance to our letter dated August
13, 2024 enclosing therein Notice of Postal Ballot seeking approval of Members of the Company for sub-division/ split of each equity share
of the Company having face value of Rs. 5/- (Rupees five only) each, fully paid-up, into 5 (Five) equity shares having face value of Re.
1/- (Rupee one only) each, fully paid up, and consequent alteration of the Capital Clause of the Memorandum of Association of the Company,
by way of ordinary resolution through remote e-voting.
We would like to inform that the ordinary resolution
as set out in the said Postal Ballot Notice has been approved 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
Company Secretary, Compliance Officer &
CC: National Securities Depositary Limited (NSDL)
| 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) | 12-09-2024 |
| Start time of the meeting | |
| End time of the meeting |
| Scrutinizer Details | |
| Name of the Scrutinizer | Alifya Sapatwala |
| Firms Name | Mehta & Mehta |
| Qualification | CS |
| Membership Number | 24091 |
| Date of Board Meeting in which appointed | 27-07-2024 |
| Date of Issuance of Report to the company | 12-09-2024 |
| Voting results | |
| Record date | 09-08-2024 |
| Total number of shareholders on record date | 284425 |
| 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) | Ordinary |
| Whether promoter/promoter group are interested in the agenda/resolution? | No |
| Description of resolution considered | Approval of sub-division/split of each equity share of Rs. 5/- (Rupees five only) each into 5 (five) equity shares of Re. 1/- (Rupee one only) each and consequent alteration to the Memorandum of Association of the Company |
| 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 | 44461128 | 100.0000 | 44461128 | 0 | 100.0000 | 0.0000 | |||||||||||||||||||||||
| 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 | |||||||||||||||||||||||
| Public- Institutions | E-Voting | 90885450 | 84.7784 | 90726574 | 158876 | 99.8252 | 0.1748 | |||||||||||||||||||||||
| Poll | 107203568 | 0 | 0.0000 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
| Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
| Total | 107203568 | 90885450 | 84.7784 | 90726574 | 158876 | 99.8252 | 0.1748 | |||||||||||||||||||||||
| Public- Non Institutions | E-Voting | 245993 | 1.6221 | 243963 | 2030 | 99.1748 | 0.8252 | |||||||||||||||||||||||
| Poll | 15165005 | 0 | 0.0000 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
| Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
| Total | 15165005 | 245993 | 1.6221 | 243963 | 2030 | 99.1748 | 0.8252 | |||||||||||||||||||||||
| Total | 166829701 | 135592571 | 81.2760 | 135431665 | 160906 | 99.8813 | 0.1187 | |||||||||||||||||||||||
| Whether resolution is Pass or Not. | Yes |
| Details of Invalid Votes | ||||
| Category | No. of Votes | |||
| Promoter and Promoter Group | 0 | |||
| Public Institutions | 0 | |||
| Public - Non Institutions | 0 |