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 three separate orders from GST Authority towards tax demand including interest and penalty for the period FY 2019-20 to FY 2021-22. The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are as hereunder:
| Name of the authority | : | Commercial Taxes Department - Office of the Joint Commissioner (ST), Chennai Intelligence -II. | |||
| Nature and details of the action(s) taken, or order(s) passed | : | The Company has received order seeking demand including interest and penalty under section 74 of the TNGST Act, 2017. | |||
| Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | : | Orders dated March 16, 2026, were received by the Company on March 16, 2026. | |||
| Details of the violation(s)/ contravention(s) committed or alleged to be committed | : | The authority has passed the orders primarily on the ground that certain supplies are taxable in nature. | |||
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | : | The above orders levy penalty as detailed below: | |||
| Financial Year | Penalty | ||||
| FY 2019-20 | 2,19,48,944/- | ||||
| FY 2020-21 | 50,406/- | ||||
| FY 2021-22 | 4,384/- | ||||
| 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