Full Press Release Details
National Stock Exchange of India Ltd. (Scrip Code: DRREDDY-EQ)
BSE Limited (Scrip Code: 500124)
New York Stock Exchange Inc. (Stock Code: RDY)
NSE IFSC Ltd. (Stock Code: DRREDDY)
Ref: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
This is to inform that the Aurigene Oncology Limited (formerly known as Aurigene Discovery Technologies Limited) ("Aurigene"), a wholly owned subsidiary of the Company, has received an order from GST Appellate Authority towards tax demand including interest and penalty. The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are as hereunder:
| Name of the authority | Office of the Appellate Joint Commissioner of State Tax, Hyderabad Rural Division, Hyderabad, 5th Floor, C.T.Complex, Nampally, Hyderabad. |
| Nature and details of the action(s) taken, initiated or order(s) passed | Aurigene had filed an appeal with appellate authority dated 16.05.2025 and the appeal stands dismissed seeking demand including interest and penalty under SGST/ CGST/ IGST Act, 2017. |
| Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | Order dated 25.11.2025 was received by the Company on 25.11.2025 via an email. |
| Details of the violation(s)/ contravention(s) committed or alleged to be committed | The authority has passed the order on the contention that short payment of output tax and excess claim of input tax credit. |
| 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.3,46,998/-. 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