Full Press Release Details
National Stock Exchange of India Ltd. (Scrip Code: DRREDDY)
BSE Limited (Scrip Code: 500124)
New York Stock Exchange Inc. (Stock Code: RDY)
NSE IFSC Ltd. (Stock Code: DRREDDY)
This is to inform that the Company has received an order from GST Authority towards levying penalty. The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are as hereunder:
| S.No. | Name of the authority | : | Joint Commissioner of Customs, Ludhiana, Punjab. |
| 1 | Nature and details of the action(s) taken, or order(s) passed | : | The Company has received order seeking penalty under Customs Act, 1962. |
| 2 | Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | : | September 0 3 , 2025. |
| 3 | Details of the violation(s)/ contravention(s) committed or alleged to be committed | : | The authority has passed the order on the ground that the Company has availed Export incentives irregularly. |
| 4 | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | : | The above order levies a penalty of Rs.3,00,00,000/-. Based on our evaluation, there is no material impact on the financials, operations, or other activities of the Company. |
The Company will evaluate filing necessary appeal with the appellate authority in this regard.
This is for your information and records.
For Dr. Reddy's Laboratories Limited
Company Secretary, Compliance Officer & Head-CSR