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RDY Negative Sentiment Score: 40/100

Dr. Reddy's Laboratories Ltd. 8-2-337, Road No. 3, Banjara Hills Hyderabad - 500 034, Telangana, India CIN: L85195TG1984PLC004507 Tel: + 91 40 4900 2900 Fax: + 91 40 4900 2999 Email: mail@drreddys.com Web: www.drreddys.c

Key Takeaway: Dr. Reddy's Laboratories has announced the resignation of Mr. Sushrut Kulkarni, the Global Head of IPDO, effective May 8, 2026. He is leaving the company to explore other opportunities, which has raised concerns regarding the potential impact on the company's management structure and operations. Mr. Kulkarni has pledged to assist during the transition period and expressed gratitude for his tenure at the company.

Market Sentiment Analysis

POSITIVE FACTORS

  • Mr. Kulkarni expressed appreciation for his time at the company.
  • He has committed to ensuring a smooth transition and handover of responsibilities.

CONCERNS & RISKS

  • Mr. Sushrut Kulkarni has resigned from a senior management position.
  • The resignation could impact company operations and strategic direction.

Full Press Release Details

Dr. Reddy's Laboratories Ltd.
8-2-337, Road No. 3, Banjara Hills
Hyderabad - 500 034, Telangana, India
CIN: L85195TG1984PLC004507
Tel: + 91 40 4900 2900
Fax: + 91 40 4900 2999
Email: mail@drreddys.com
Web: www.drreddys.com
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)
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we would like to inform that Mr. Sushrut Kulkarni has resigned from the position of Global Head of IPDO and Senior Management Personnel of the Company. He will cease to be in employment and as part of Senior Management Personnel of the Company, effective from the close of business hours on May 8, 2026. The resignation letter as received from Mr. Sushrut Kulkarni is annexed herewith.
The details required under Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is given in Annexure enclosed herewith.
This is for your information and records.
For Dr. Reddy's Laboratories Limited
Company Secretary, Compliance Officer and Head-CSR
Details under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Sl. No. Particulars Details
1 Reason for change viz. appointment, re-appointment, resignation, removal, death or otherwise; Mr. Sushrut Kulkarni has resigned from the position of Global Head of IPDO and Senior Management Personnel of the Company to explore opportunities outside the Company.
2 Date of appointment/re-appointment/ cessation (as applicable) & term of appointment/re-appointment May 8, 2026
3 Brief profile (in case of appointment) Not applicable
4 Disclosure of relationships between directors (in case of appointment of a director) Not applicable
Dr. Reddy's Laboratories Limited
8-2-337, Road No-3, Banjara Hills,
Hyderbabad-Telangana-500034
I am writing to formally resign from my position as Global Head of IPDO and Senior Management Personnel of Dr. Reddy's Laboratories Limited, effective May 8, 2026, to explore opportunities outside the organisation.
I confirm that I will continue to support the Company during the notice period and ensure a smooth handover of responsibilities to facilitate the transition of my role. I would like to express my sincere appreciation for the opportunity to be part of the organization and wish the Company continued success in future.
Thanking you and regards,

Frequently Asked Questions

Who has resigned from Dr. Reddy's Laboratories?

Mr. Sushrut Kulkarni has resigned from his position.

When is Sushrut Kulkarni's resignation effective?

His resignation is effective from May 8, 2026.

What was Sushrut Kulkarni's position?

He was the Global Head of IPDO and part of Senior Management.

Why did Sushrut Kulkarni resign?

He resigned to explore opportunities outside the Company.

What will Sushrut Kulkarni do during his notice period?

He will support the Company and ensure a smooth transition.

Last updated: Feb 9, 2026