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6-K 1 drr0503_6k.htm FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

July, 2023

Commission File Number 1-15182

DR. REDDY’S LABORATORIES LIMITED

(Translation of registrant’s name into English)

8-2-337, Road No. 3, Banjara Hills

Hyderabad, Telangana 500 034, India

+91-40-49002900

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ______

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ______

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ¨ No x

If “Yes” is marked, indicate below the file number assigned to registrant in connection with Rule 12g3-2(b): 82-________.

EXHIBITS

Exhibit

Number

Description of Exhibits

99.1

Intimation on Outcome of 39th AGM dated July 28, 2023

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	DR. REDDY’S LABORATORIES LIMITED
	(Registrant)

Date: July 28, 2023	By:	/s/ K Randhir Singh
		Name:	K Randhir Singh
		Title:	Company Secretary

EX-99.1 2 drr0503_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

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

www.drreddys.com

July 28, 2023

National Stock Exchange of India Ltd. (Stock Code: DRREDDY-EQ)

BSE Limited (Stock Code: 500124)

New York Stock Exchange Inc. (Stock Code: RDY)

NSE IFSC Ltd. (Stock Code: DRREDDY)

Dear Sir/Madam,

Sub.: Outcome of 39th Annual General Meeting & Voting results.

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 agenda-wise disclosure of voting details is enclosed as Annexure - A.

The consolidated Report of Scrutinizer on remote e-voting & e-voting during the AGM is enclosed as Annexure - B.

Pursuant to Regulation 30 of the Listing Regulations, summary of the 39th AGM proceedings is enclosed as Annexure - C.

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

K Randhir Singh

Company Secretary, Compliance Officer and Head-CSR

Encl: a/a

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

R & A Associates

T 202, Technopolis, 1-10-74/B

Above Ratnadeep Super Market

Chikoti Gardens, Begumpet

Hyderabad - 500016. India

+9140-4003 2244 - 47

info@RnA-cs.com I www.RnA-cs.com

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)]

The Chairman

Dr. Reddy’s Laboratories Limited

8-2-337, Road No.3, Banjara Hills

Hyderabad, Telangana - 500 034, India.

Dear Sir,

Sub	39th Annual General Meeting of the Members of Dr. Reddy’s Laboratories Limited held on Thursday, July 27, 2023, at 10:00 A.M. 1ST through Video Conferencing (VC) facility/Other Audio-Visual Means (OAVM).

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.

Thanking you,

Place: Hyderabad

Date: July 28, 2023

For R & A Associates

(Rashida Adenwala)

Partner

FCS No. 4020,

CP No. 2224

UDIN: F004020E000690563

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 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

www.drreddys.com

Annexure C

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:

Representatives of M/s. S.R. Batliboi & Associates LLP, Statutory Auditors, participated from Hyderabad, India

Mr. Makarand M. Joshi, Secretarial Auditor, M/s. Makarand M. Joshi & Co., Practicing Company Secretaries, participated from Mumbai, India

Ms. Rashida Adenwalla, Scrutinizer, Partner, M/s. R & A Associates, Practicing Company Secretaries, participated from Hyderabad, India

Members Present:

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 to the members through electronic mode, the Notice convening the meeting and the Auditor’s Report are taken as read. Thereafter, the Chairman delivered his speech followed with the address by the Co-Chairman and Managing Director.

The members were informed that the Integrated Annual Report for FY2023 containing the Audited Financial Statements (both Standalone and Consolidated) for the year ended March 31, 2023, Board’s and Auditor’s report had been sent through electronic mode to all the members whose e-mail addresses were registered with the Company/Depository Participant(s)/Registrar and Transfer Agent. The members were also informed that the original documents (as referred to in the Integrated Report) along with the statutory registers were made available for inspection before the 39th AGM and were also available during the AGM for inspection in electronic mode.

Further, the Members were invited to come forward and seek clarifications/information on the operational and financial performance of the Company. In addition to certain queries on financial statements, the members sought clarifications on key financial/operational matters. These queries were adequately responded to by the Management

The members were further informed that the Company had provided to the members facility to cast their votes electronically, on all resolutions set forth in the Notice of the 39th AGM through remote e-voting provided by NSDL. The remote e-voting facility was open from Sunday, July 23, 2023 (9.00 AM IST) to Wednesday, July 26, 2023 (5.00 PM IST). Members who attended the AGM and had not cast their votes through remote e-voting prior to the meeting were provided an opportunity to cast their votes during the AGM through the e-voting facility provided by NSDL.

The following items of business, as per the Notice of the 39th AGM dated May 10, 2023 were transacted at the meeting:

Ordinary Business

Adoption of Audited 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 (Ordinary Resolution).

Declaration of dividend of Rs. 40 per equity share for the FY2023 (Ordinary Resolution).

Re-appointment of Mr. G V Prasad (DIN: 00057433), as a Director, who retires by rotation, and being eligible offers himself for the re-appointment. (Ordinary Resolution).

Special Business

Appointment of Dr. Claudio Albrecht (DIN: 10109819), as an Independent Director in terms of Section 149 of the Companies Act, 2013. (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. (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 (Special Resolution)

Remuneration payable to Cost Auditors, M/s. Sagar & Associates, Cost Accountants, for the financial year ending March 31, 2024. (Ordinary Resolution)

The Chairman informed the members that Ms. Rashida Adenwala (FCS no. 4020 and CP no. 2224), Practicing Company Secretary and Partner of M/s. R & A Associates, Practicing Company Secretaries, Hyderabad, was appointed as the Scrutinizer for scrutinizing the processes of remote e-voting prior to the meeting and e-voting during the AGM in a fair and transparent manner and to report on the voting results for the items as per the Notice of the 39th AGM. The Chairman also informed the members that the Company Secretary is authorised on behalf of the board, to declare the results of the voting.

The Scrutinizer’s Report was received, and accordingly all the resolutions as set out in the Notice of the 39th AGM were declared as passed by requisite majority.

For Dr. Reddy’s Laboratories Limited

K Randhir Singh

Company Secretary, Compliance Officer and Head-CSR