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 Dr. Reddy's Laboratories LLC, Russia, a step-down wholly-owned subsidiary of Dr. Reddy's Laboratories Limited has received tax audit decision on January 23, 2026, from The Interdistrict Inspectorate of the Federal Tax Service of Russia. 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 | : | The Interdistrict Inspectorate of the Federal Tax Service of Russia. |
| 1 | Nature and details of the action(s) taken, or order(s) passed | : | Dr. Reddy's Laboratories LLC, Russia, a step-down wholly-owned subsidiary of Dr. Reddy's Laboratories Limited received a tax audit decision from The Interdistrict Inspectorate of the Federal Tax Service of Russia. |
| 2 | Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | : | Tax audit decision received by the Company on January 23,2026. |
| 3 | Details of the violation(s)/ contravention(s) committed or alleged to be committed | : | Levy of Value Added Tax (VAT) upon re-classification of marketing services as taxable services by the authority. |
| 4 | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | : | The authority has quantified a penalty of Rub million 20.09 [INR 24.50 million]. 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 reply to the authority in this regard.
This is for your information and records.
For Dr. Reddy's Laboratories Limited
Company Secretary, Compliance Officer & Head-CSR