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National Stock Exchange of India Ltd.

Friday, July 28, 2023 6 min read
Key Takeaway: National Stock Exchange of India Ltd. (Stock Code: BSE Limited (Stock Code: 500124) New York Stock Exchange Inc. (Stock Code: RDY) NSE IFSC Ltd. (Stock Code: DRREDDY) Sub.: Outcome of 39th Annual General Meeting This is with reference to our earlier letters dated May 10, 20

Full Press Release Details

National Stock Exchange of India Ltd. (Stock Code:
BSE Limited (Stock Code: 500124)
New York Stock Exchange Inc. (Stock Code: RDY)
NSE IFSC Ltd. (Stock Code: DRREDDY)
Sub.: Outcome of 39th Annual General Meeting
This is with reference to our earlier letters
dated May 10, 2023 and July 1, 2023, regarding the 39th Annual General Meeting (AGM) of the Company held on July 27, 2023.
In accordance with Regulation 44 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), this is to inform you that the Members of the Company
transacted the business as stated in the Notice of 39th AGM, dated May 10, 2023, through video conferencing facility.
In this regard, please find enclosed the following:
The above are also being uploaded on the Company's
website www.drreddys.com and on the website of National Securities Depository Limited www.evoting.nsdl.com.
The video recording of the proceedings of the
AGM will be available on the Company's website at www.drreddys.com.
For Dr. Reddy's Laboratories Limited
Company Secretary, Compliance Officer and
CC: National Securities Depositary Limited (NSDL)
DR. REDDY'S LABORATORIES LTD - 39th AGM Voting
Results under Regulations 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Date of the AGM/EGM July 27, 2023
Total number of shareholders on record date 2,46,119
No. of shareholders present in the meeting either in person or throught proxy: Not applicable
Promoters and promoter Group:
Public:
No. of shareholders attended the meeting through Video Conferencing:
Promoters and promoter Group: 10
Public: 65
Resolution 1 : Adoption of the Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon.
Resolution required :(Ordinary / Special) Ordinary Resolution
Whether promoter/promoter group are interested in the agenda/resolution ? No
% of Votes % of Votes in % of Votes
Polled on No. of No. of favour on against on
No. of shares No. of votes outstanding Votes Votes votes votes
held polled Shares in favour Against polled polled
Category Mode of Voting (1) (2) (3)=[(2)/(1)]*100 (4) (5) (6)=[(4)/(2)]*100 (7)=[(5)/(2)]*100
Promoter & Promoter Group E-VOTING 4,44,61,128 4,44,61,128 100.00 4,44,61,128 - 100.00 -
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 4,44,61,128 4,44,61,128 100.00 4,44,61,128 - 100.00 -
Public - Institutions E-VOTING 10,73,94,433 8,58,02,443 79.90 8,57,98,613 3,830 100.00 0.00
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 10,73,94,433 8,58,02,443 79.90 8,57,98,613 3,830 100.00 0.00
Public-Non Institutions E-VOTING 1,46,99,940 1,60,611 1.09 1,58,164 2,447 98.48 1.52
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 1,46,99,940 1,60,611 1.09 1,58,164 2,447 98.48 1.52
TOTAL 16,65,55,501 13,04,24,182 78.31 13,04,17,905 6,277 100.00 0.00
Resolution 2 : Declaration of dividend of Rs. 40 per equity share for the financial year ended March 31, 2023.
Resolution required :(Ordinary / Special) Ordinary Resolution
Whether promoter/promoter group are interested in the agenda/resolution ? No
% of Votes % of Votes in % of Votes
Polled on No. of No. of favour on against on
No. of shares No. of votes outstanding Votes Votes votes votes
held polled shares in favor against polled polled
Category Mode of Voting (1) (2) (3)=[(2)/(1)]*100 (4) (5) (6)=[(4)/(2)]*100 (7)=[(5)/(2)]*100
Promoter & Promoter Group E-VOTING 4,44,61,128 4,44,61,128 100.00 4,44,61,128 - 100.00 -
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 4,44,61,128 4,44,61,128 100.00 4,44,61,128 - 100.00 -
Public - Institutions E-VOTING 10,73,94,433 8,64,81,464 80.53 8,63,83,492 97,972 99.89 0.11
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 10,73,94,433 8,64,81,464 80.53 8,63,83,492 97,972 99.89 0.11
Public-Non Institutions E-VOTING 1,46,99,940 1,60,743 1.09 1,58,433 2,310 98.56 1.44
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 1,46,99,940 1,60,743 1.09 1,58,433 2,310 98.56 1.44
TOTAL 16,65,55,501 13,11,03,335 78.71 13,10,03,053 1,00,282 99.92 0.08
Resolution 3 : Re-appointment of Mr. G V Prasad (DIN: 00057433), as a Director, who retires by rotation, and being eligible offers himself for re-appointment
Resolution required :(Ordinary / Special) Ordinary Resolution
Whether promoter/promoter group are interested in the agenda/resolution ? yes
% of Votes % of Votes in % of Votes
Polled on No. of No. of favour on against on
No. of shares No. of votes outstanding Votes Votes votes votes
held polled shares in favor against polled polled
Category Mode of Voting (1) (2) (3)=[(2)/(1)]*100 (4) (5) (6)=[(4)/(2)]*100 (7)=[(5)/(2)]*100
Promoter & Promoter Group E-VOTING 4,44,61,128 4,44,61,128 100.00 4,44,61,128 - 100.00 -
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 4,44,61,128 4,44,61,128 100.00 4,44,61,128 - 100.00 -
Public - Institutions E-VOTING 10,73,94,433 8,66,17,210 80.65 8,57,63,344 8,53,866 99.01 0.99
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 10,73,94,433 8,66,17,210 80.65 8,57,63,344 8,53,866 99.01 0.99
Public-Non Institutions E-VOTING 1,46,99,940 1,60,645 1.09 1,60,064 581 99.64 0.36
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 1,46,99,940 1,60,645 1.09 1,60,064 581 99.64 0.36
TOTAL 16,65,55,501 13,12,38,983 78.80 13,03,84,536 8,54,447 99.35 0.65
Resolution 4 :Appointment of Dr. Claudio Albrecht (DIN: 10109819), as an Independent Director of the Company, in terms of Section 149 of the Companies Act, 2013
Resolution required :(Ordinary / Special) Special Resolution
Whether promoter/promoter group are interested in the agenda/resolution ? No
% of Votes % of Votes in % of Votes
Polled on No. of No. of favour on against on
No. of shares No. of votes outstanding Votes Votes votes votes
held polled shares in favor against polled polled
Category Mode of Voting (1) (2) (3)=[(2)/(1)]*100 (4) (5) (6)=[(4)/(2)]*100 (7)=[(5)/(2)]*100
Promoter & Promoter Group E-VOTING 4,44,61,128 4,44,61,128 100.00 4,44,61,128 - 100.00 -
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 4,44,61,128 4,44,61,128 100.00 4,44,61,128 - 100.00 -
Public - Institutions E-VOTING 10,73,94,433 8,64,93,734 80.54 8,60,73,035 4,20,699 99.51 0.49
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 10,73,94,433 8,64,93,734 80.54 8,60,73,035 4,20,699 99.51 0.49
Public-Non Institutions E-VOTING 1,46,99,940 1,60,635 1.09 1,60,003 632 99.61 0.39
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 1,46,99,940 1,60,635 1.09 1,60,003 632 99.61 0.39
TOTAL 16,65,55,501 13,11,15,497 78.72 13,06,94,166 4,21,331 99.68 0.32
Resolution 5 :Re-appointment of Mr. Leo Puri (DIN: 01764813) as an Independent Director for a second term of five years, in terms of Section 149 of the Companies Act, 2013
Resolution required :(Ordinary / Special) Special Resolution
Whether promoter/promoter group are interested in the agenda/resolution ? No
% of Votes % of Votes in % of Votes
Polled on No. of No. of favour on against on
No. of shares No. of votes outstanding Votes Votes votes votes
held polled shares in favor against polled polled
Category Mode of Voting (1) (2) (3)=[(2)/(1)]*100 (4) (5) (6)=[(4)/(2)]*100 (7)=[(5)/(2)]*100
Promoter & Promoter Group E-VOTING 4,44,61,128 4,44,61,128 100.00 4,44,61,128 - 100.00 -
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 4,44,61,128 4,44,61,128 100.00 4,44,61,128 - 100.00 -
Public - Institutions E-VOTING 10,73,94,433 8,65,02,519 80.55 8,60,08,134 4,94,385 99.43 0.57
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 10,73,94,433 8,65,02,519 80.55 8,60,08,134 4,94,385 99.43 0.57
Public-Non Institutions E-VOTING 1,46,99,940 1,60,644 1.09 1,54,419 6,225 96.13 3.88
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 1,46,99,940 1,60,644 1.09 1,54,419 6,225 96.13 3.88
TOTAL 16,65,55,501 13,11,24,291 78.73 13,06,23,681 5,00,610 99.62 0.38
Resolution 6 :Re-appointment of Ms. Shikha Sharma (DIN: 00043265) as an Independent Director for a second term of five years, in terms of Section 149 of the Companies Act, 2013
Resolution required :(Ordinary / Special) Special Resolution
Whether promoter/promoter group are interested in the agenda/resolution ? No
% of Votes % of Votes in % of Votes
Polled on No. of No. of favour on against on
No. of shares No. of votes outstanding Votes Votes votes votes
held polled shares in favor against polled polled
Category Mode of Voting (1) (2) (3)=[(2)/(1)]*100 (4) (5) (6)=[(4)/(2)]*100 (7)=[(5)/(2)]*100
Promoter & Promoter Group E-VOTING 4,44,61,128 4,44,61,128 100.00 4,44,61,128 - 100.00 -
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 4,44,61,128 4,44,61,128 100.00 4,44,61,128 - 100.00 -
Public - Institutions E-VOTING 10,73,94,433 8,74,52,049 81.43 8,44,42,865 30,09,184 96.56 3.44
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 10,73,94,433 8,74,52,049 81.43 8,44,42,865 30,09,184 96.56 3.44
Public-Non Institutions E-VOTING 1,46,99,940 1,60,634 1.09 1,54,306 6,328 96.06 3.94
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 1,46,99,940 1,60,634 1.09 1,54,306 6,328 96.06 3.94
TOTAL 16,65,55,501 13,20,73,811 79.30 12,90,58,299 30,15,512 97.72 2.28
Resolution 7 : Ratification of remuneration payable to Cost Auditors, M/S. Sagar & Associates, Cost Accountants, for the financial year ending March 31, 2024
Resolution required :(Ordinary / Special) Ordinary Resolution
Whether promoter/promoter group are interested in the agenda/resolution ? No
% of Votes % of Votes in % of Votes
Polled on No. of No. of favour on against on
No. of shares No. of votes outstanding Votes Votes votes votes
held polled shares in favor against polled polled
Category Mode of Voting (1) (2) (3)=[(2)/(1)]*100 (4) (5) (6)=[(4)/(2)]*100 (7)=[(5)/(2)]*100
Promoter & Promoter Group E-VOTING 4,44,61,128 4,44,61,128 100.00 4,44,61,128 - 100.00 -
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 4,44,61,128 4,44,61,128 100.00 4,44,61,128 - 100.00 -
Public - Institutions E-VOTING 10,73,94,433 8,65,15,073 80.56 8,63,53,400 1,61,673 99.81 0.19
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 10,73,94,433 8,65,15,073 80.56 8,63,53,400 1,61,673 99.81 0.19
Public-Non Institutions E-VOTING 1,46,99,940 1,60,645 1.09 1,59,864 781 99.51 0.49
POLL - - - - - - -
POSTAL BALLOT - - - - - - -
TOTAL 1,46,99,940 1,60,645 1.09 1,59,864 781 99.51 0.49
TOTAL 16,65,55,501 13,11,36,846 78.73 13,09,74,392 1,62,454 99.88 0.12
CONSOLIDATED SCRUTINIZER'S REPORT
[pursuant to Section
108 of the Companies Act, 2013 and Rule 20 of the Companies
(Management and Administration) Rules, 2014 (as amended)]
Dr. Reddy's Laboratories Limited
8-2-337, Road No.3, Banjara Hills
Hyderabad, Telangana - 500 034, India.
I, Rashida Adenwala, Company Secretary in whole-time
practice, Partner, R & A Associates, Company Secretaries, Hyderabad was appointed as Scrutinizer by the Board of Directors of Dr.
Reddy's Laboratories Limited (Company) for the purpose of scrutinizing the remote e-voting and electronic voting (e-voting) at the
39th Annual General Meeting (AGM) of the Company in a fair and transparent manner pursuant to Section 108 of the Companies
Act, 2013 (the Act) read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended) (the Rules) and Regulation
44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015, (Listing Regulations)
and circulars dated May 12, 2020, January 15, 2021, May 13, 2022 and January 5, 2023 issued by Securities and Exchange Board of India
and in compliance with framework issued by the Ministry of Corporate Affairs through its General Circulars No's. 14/2020, 17/2020,
20/2020, 02/2021, 02/2022 and 10/2022 dated April 8, 2020, April 13, 2020, May 5, 2020, January 13, 2021, May 5, 2022 and December 28,
2022, respectively (MCA Circulars), on the resolutions contained in the Notice of the 39th AGM of the members of the Company,
held on Thursday, July 27, 2023, at 10:00 A.M. 1ST through Video Conferencing (VC) facility / Other Audio Visual Means (OAVM) facility
and also for ascertaining the requisite majority for the resolutions proposed therein.
The Management of the Company is responsible to ensure
the compliance with the requirements of the Act and the Rules including MCA Circulars and Listing Regulations relating to remote e-voting
and e-voting at the AGM for the resolutions contained in the Notice of the 39th AGM of the members of the company. Our responsibility
as a Scrutinizer is to ensure that the remote e-voting and e-voting at the AGM is carried out in a fair and transparent manner and to
make a consolidated scrutinizer's report on the votes cast "IN FAVOUR" or "AGAINST" the resolutions contained
in the Notice of the 39th AGM of the members of the Company. The Company has engaged the services of National Securities Depository
Limited (NSDL) for voting by electronic means (both for remote e-voting and e-voting at the AGM).
In accordance with the Notice of the 39th
AGM sent to the members and the Advertisement' published pursuant to Rule 20 of the Companies (Management and Administration)
Rules, 2014 (as amended), the remote e-voting period was open from Sunday, July 23, 2023, at 9:00 A.M. (1ST) and was closed on Wednesday,
July 26, 2023, at 5:00 P.M. (1ST)
Members holding shares as on Thursday, July 20, 2023,
"cut-off date", were entitled to vote on the resolution stated in the Notice of the 39th AGM of the Company.
The voting at the AGM was allowed by using an electronic
voting system, on the resolutions on which the voting is to be held. The said voting system was provided to all those members who attended
the AGM through VC/OAVM but have not cast their votes by availing the remote e-voting facility. As per the information provided by NSDL,
the name of the members who had already voted through remote e-voting facility was blocked for voting at the AGM.
After the conclusion of the voting at the AGM at 12:02
pm. the votes on remote e-voting and at AGM venue were unblocked on Thursday, July 27, 2023 at 2:22 pm 1ST due to technical issues, in
the presence of two witnesses who were not employees of the Company and the e-voting results/list of members who have voted for and against
were downloaded from the e-voting website of NSDL.
The combined results of the remote e-voting and e-voting
at the AGM are given as Annexure-I' to this report. Based on combined results, we report that, all the resolutions as per
the Notice of the 39th AGM of the Company stands passed with requisite majority.
The electronic data and all other relevant records
relating to the remote e-voting and e-voting at the AGM are under my safe custody until the Chairman approves and signs the Minutes of
the 39th AGM and thereafter will be handed over to the Company Secretary of the Company for safe preservation.
Annexure-I
Combined Results (remote e-voting and E-voting at AGM)
Item number of Notice and type of Mode of Total no. of votes Votes in favour of the resolution Votes against the resolution Invalid Votes
Resolution Description Voting cast No's %age No's %age No's %age
1 - Ordinary Resolution Adoption of the financial statements (standalone and consolidated) of the Company for the year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon. Remote e-voting 13,03,77,211 13,03,70,934 99.995 6,277 0.005 - -
E-voting at the AGM 46,971 46,971 100.000 - 0.000 - -
Total 13,04,24,182 13,04,17,905 99.995 6,277 0.005 - -
2 - Ordinary Resolution Declaration of Dividend of Rs.40 per equity share for the financial year ended March 31,2023. Remote e-voting 13,10,56,364 13,09,56,082 99.923 1,00,282 0.077 - -
E-voting at the AGM 46,971 46,971 100.000 - 0.000 - -
Total 13,11,03,335 13,10,03,053 99.924 1,00,282 0.076 - -
3 - Ordinary Resolution Re-appointment of Mr. G V Prasad (DIN: 00057433), as a Director, who retires by rotation, and being eligible offers himself for re-appointment. Remote e-voting 13,11,92,012 13,03,37,565 99.349 8,54,447 0.651 - -
E-voting at the AGM 46,971 46,971 100.000 - 0.000 - -
Total 13,12,38,983 13,03,84,536 99.349 8,54,447 0.651 - -
4 - Special Resolution Appointment of Dr. Claudio Albrecht (DIN: 10109819), as an Independent Director of the Company, in terms of Section 149 of the Companies Act, 2013 Remote e-voting 13,10,68,526 13,06,47,195 99.679 4,21,331 0.321 - -
E-voting at the AGM 46,971 46,971 100.000 - 0.000 - -
Total 13,11,15,497 13,06,94,166 99.679 4,21,331 0.321 - -
5 - Special Resolution Re-appointment of Mr. Leo Puri (DIN: 01764813) as an Independent Director for a second term of five years, in terms of Section 149 of the Companies Act, 2013 Remote e-voting 13,10,77,320 13,05,76,710 99.618 5,00,610 0.382 - -
E-voting at the AGM 46,971 46,971 100.000 - 0.000 - -
Total 13,11,24,291 13,06,23,681 99.618 5,00,610 0.382 - -
6 - Special Resolution Re-appointment of Ms. Shikha Sharma (DIN: 00043265) as an Independent Director for a second term of five years, in terms of Section 149 of the Companies Act, 2013 Remote e-voting 13,20,26,840 12,90,11,328 97.716 30,15,512 2.284 - -
E-voting at the AGM 46,971 46,971 100.000 - 0.000 - -
Total 13,20,73,811 12,90,58,299 97.717 30,15,512 2.283 - -
7 - Ordinary Resolution Remuneration payable to Cost Auditors, M/s. Sagar & Associates, Cost Accountants, for the financial year ending March 31, 2024 Remote e-voting 13,10,89,875 13,09,27,421 99.876 1,62,454 0.124 - -
E-voting at the AGM 46,971 46,971 100.000 - 0.000 - -
Total 13,11,36,846 13,09,74,392 99.876 1,62,454 0.124 - -
DR. REDDY'S LABORATORIES LIMITED
Summary of proceedings of the 39th Annual General
Meeting (AGM) of the members of Dr. Reddy's Laboratories Limited ( the Company') held on Thursday, July 27, 2023 at
10.00 AM (IST) through Video Conferencing (VC) /Other Audio Visual Means (OAVM).
Directors Present through VC:
1. Mr. K Satish Reddy Chairman and Member, participated from Hyderabad, India
2. Mr. G V Prasad Co-Chairman and Managing Director and Member, participated from Hyderabad, India
3. Mr. Arun M Kumar Independent Director, participated from Hyderabad, India
4. Dr. Claudio Albrecht Independent Director, participated from Zurich, Switzerland
5. Ms. Kalpana Morparia Independent Director and Member, participated from Mumbai, India
6. Mr. Leo Puri Independent Director, participated from Singapore
7. Ms. Penny Wan Independent Director, participated from Hyderabad, India
8. Dr. K P Krishnan Independent Director, participated from Delhi, India
9. Ms. Shikha Sharma Independent Director, participated from Mumbai, India
10. Mr. Sridar Iyengar Independent Director, participated from Hyderabad, India
In attendance through VC, participated from Hyderabad, India:
1. Mr. Erez Israeli Chief Executive Officer
2. Mr. Parag Agarwal Chief Financial Officer
3. Mr. K Randhir Singh Company Secretary, Compliance Officer and Head-CSR
Other representatives through VC:
75 members attended the meeting through VC/OAVM.
Pursuant to Article 70 of Articles of Association
of the Company, Mr. K Satish Reddy, the Chairman of the Board took the chair and conducted the proceedings of the meeting. The requisite
quorum being present, the meeting was called to order.
Thereafter, the Company Secretary informed the
members that the meeting is being held through Video Conferencing / Other Audio Visual Means (OAVM) in compliance with the applicable
Circulars issued by the Ministry of Corporate Affairs (MCA) and Securities Exchange Board of India (SEBI). The Company Secretary further
stated that since the Integrated Report for FY2023 containing the Notice of the 39th AGM and the Auditor's Report was circulated
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Last updated: Jul 28, 2023