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)
Sub: Disclosure under Regulation 30 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 - Voluntary Liquidation of Imperial Owners and Land Possessions Private
Limited (Formerly Imperial Credit Private Limited), Wholly Owned Subsidiary of the Company.
Further to our intimation dated January 30, 2024 informing
the Stock Exchanges about the approval by the Board of Directors of the Company for Voluntary liquidation of Imperial Owners and Land
Possessions Private Limited (Formerly Imperial Credit Private Limited)("Imperial"), Wholly Owned Subsidiary of the Company
and earlier disclosure dated March 23, 2023, informing about surrender of Certificate of Registration as NBFC with RBI by Imperial, we
hereby inform that the shareholders of Imperial have approved its Voluntary Liquidation on October 10, 2024, subject to applicable regulatory
It may be noted that Imperial is not a material subsidiary
of the Company and the liquidation of this subsidiary will have no material impact on the consolidated financials of the Company.
The details as required under SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are
provided in Annexure-A.
This is for your information and record.
For Dr. Reddy's Laboratories Limited
Company Secretary, Compliance Officer & Head-CSR
| Sl. No. | Particulars | Details |
| a) | The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year; | Details as of March 31, 2024: Turnover (In Rs.): 1,416,630 Turnover Percentage: 0.000506% Net Worth (In Rs.): 27,870,996 Turnover Percentage: 0.000986% |
| b) | Date on which the agreement for sale has been entered into; | Not Applicable, however the Shareholders of Imperial has approved voluntary liquidation subject to regulatory approvals |
| c) | The expected date of completion of sale / disposal; | Subject to regulatory approvals |
| d) | Consideration received from such sale / disposal; | Not Applicable |
| e) | Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof; | Not Applicable |
| f) | Whether the transaction would fall within related party transactions? If yes, whether the same is done at "arm's length; | Not Applicable |
| g) | Whet er the sale, lease or disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations; | Not Applicable |
| h) | Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale; | Not Applicable |