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Published: 2021-07-29 07:18:09 ET
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EX-99.3 12 drr0324_ex99-3.htm EXHIBIT 99.3

Exhibit 99.3

 

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, 2021

 

BSE Limited

National Stock Exchange of India Limited

New York Stock Exchange

NSE IFSC Limited

 

Dear Sir/Madam,

 

Ref.: Scrip Code: 500124 (BSE), DRREDDY (NSE), RDY (NYSE), DRREDDY (NSE IFSC)

Sub.: Outcome of 37th Annual General Meeting & Voting results.

 

This is with reference to our earlier letters dated May 19, 2021 and July 2, 2021 regarding the 37th Annual General Meeting (AGM) of the Company held today i.e. July 28, 2021.

 

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 37th AGM, dated May 14, 2021 through video conferencing (VC)/other audio visual means (OAVM).

 

In this regards, please find enclosed the following:

 

1.The agenda-wise disclosure of voting results is enclosed as Annexure-A.
2.The consolidated report of Scrutinizer on remote e-voting & e-voting during the AGM is enclosed as Annexure - B.
3.Pursuant to Regulation 30 of the Listing Regulations, summary of the 37th AGM proceedings is enclosed as Annexure – C.

 

The above are also being uploaded on the Company’s website www.drredddys.com and on the website of National Securities Depository Limited www.evoting.nsdl.com.

 

The video recording of the proceedings of the AGM is also available on the Company’s website at www.drredddys.com.

 

This is for your information and records.

 

With regards,

 

/s/ Sandeep Poddar  
Sandeep Poddar  
Company Secretary  

 

Encl: a/a

 

CC: National Securities Depositary Limited (NSDL)

  

 

 

 

Annexure A

 

DR. REDDY'S LABORATORIES LIMITED - 37th AGM Voting Results under Regulations 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015  
 Date of the AGM/EGM  July 28, 2021  
 Total number of shareholders on record date  2,23,730  
 No. of shareholders present in the meeting either in person or throught proxy:
        Promoters and promoter Group:
        Public: 		 Not applicable  
 
 
 No. of shareholders attended the meeting through video conferencing facility / other audio visual means:  
 Promoter & Promoter group     5  
 Public   96  
 Total 101  
   
 Resolution 1 :Adoption of financial statements (standalone and consolidated) of the company for the year ended March 31, 2021,  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  
   
 Category  Mode of Voting  No. of  shares
held


(1) 		 No. of votes
polled


(2) 		 % of Votes
Polled on
outstanding
shares
(3)=[(2)/(1)]*100 		 No. of
Votes
in favor

(4) 		 No. of
Votes
against

(5) 		 % of Votes in
favour on votes
polled

(6)=[(4)/(2)]*100 		 % of Votes against
on votes
polled

(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 - - - - - -  
 TOTAL 4,44,61,128 100.00 4,44,61,128 - 100.00 -  
 Public - Institutions  E-VOTING 10,67,78,880 8,10,58,273 75.91 8,09,72,704 85,569 99.89 0.11  
 POLL - - - - - -  
 TOTAL 8,10,58,273 75.91 8,09,72,704 85,569 99.89 0.11  
 Public-Non Institutions  E-VOTING 1,51,20,126 2,46,954 1.63 2,46,705 249 99.90 0.10  
 POLL - - - - - -  
 TOTAL 2,46,954 1.63 2,46,705 249 99.90 0.10  
 TOTAL   16,63,60,134 12,57,66,355 75.60 12,56,80,537 85,818 99.93 0.07  
   

 

 

 

 

 

 

 Resolution 2 :Declaration of dividend on the equity shares for the financial year 2020-21.  
 Resolution required :(Ordinary / Special)  Ordinary Resolution  
 Whether promoter/promoter group are interested in the agenda/resolution ?  No  
   
 Category  Mode of Voting  No. of  shares
held


(1) 		 No. of votes
polled


(2) 		 % of Votes
Polled on
outstanding
shares
(3)=[(2)/(1)]*100 		 No. of
Votes
in favor

(4) 		 No. of
Votes
against

(5) 		 % of Votes in
favour on votes
polled

(6)=[(4)/(2)]*100 		 % of Votes against
on votes
polled

(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 - - - - - -  
 TOTAL 4,44,61,128 100.00 4,44,61,128 - 100.00 -  
 Public - Institutions  E-VOTING 10,67,78,880 8,38,10,435 78.49 8,36,74,689 1,35,746 99.84 0.16  
 POLL - - - - - -  
 TOTAL 8,38,10,435 78.49 8,36,74,689 1,35,746 99.84 0.16  
 Public-Non Institutions  E-VOTING 1,51,20,126 2,46,827 1.63 2,46,576 251 99.90 0.10  
 POLL - - - - - -  
 TOTAL 2,46,827 1.63 2,46,576 251 99.90 0.10  
 TOTAL   16,63,60,134 12,85,18,390 77.25 12,83,82,393 1,35,997 99.89 0.11  
   
 Resolution 3 :Reappointment of Mr. G V Prasad (DIN: 00057433), as a director, who retires by rotation, and being eligible offers himself for the reappointment.  
 Resolution required :(Ordinary / Special)  Ordinary Resolution  
 Whether promoter/promoter group are interested in the agenda/resolution ?  Yes  
   
 Category  Mode of Voting  No. of  shares
held


(1) 		 No. of votes
polled


(2) 		 % of Votes
Polled on
outstanding
shares
(3)=[(2)/(1)]*100 		 No. of
Votes
in favor

(4) 		 No. of
Votes
against

(5) 		 % of Votes in
favour on votes
polled

(6)=[(4)/(2)]*100 		 % of Votes against
on votes
polled

(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 - - - - - -  
 TOTAL 4,44,61,128 100.00 4,44,61,128 - 100.00 -  
 Public - Institutions  E-VOTING 10,67,78,880 8,38,05,150 78.49 8,05,58,707 32,46,443 96.13 3.87  
 POLL - - - - - -  
 TOTAL 8,38,05,150 78.48 8,05,58,707 32,46,443 96.13 3.87  
 Public-Non Institutions  E-VOTING 1,51,20,126 2,46,778 1.63 2,46,331 447 99.82 0.18  
 POLL - - - - - -  
 TOTAL 2,46,778 1.63 2,46,331 447 99.82 0.18  
 TOTAL   16,63,60,134 12,85,13,056 77.25 12,52,66,166 32,46,890 97.47 2.53  
   

 

 

 

 

 

 

 Resolution 4 :Reappointment of statutory auditors and fix their remuneration.  
 Resolution required :(Ordinary / Special)  Ordinary Resolution  
 Whether promoter/promoter group are interested in the agenda/resolution ?  No  
   
 Category  Mode of Voting  No. of  shares
held


(1) 		 No. of votes
polled


(2) 		 % of Votes
Polled on
outstanding
shares
(3)=[(2)/(1)]*100 		 No. of
Votes
in favor

(4) 		 No. of
Votes
against

(5) 		 % of Votes in
favour on votes
polled

(6)=[(4)/(2)]*100 		 % of Votes against
on votes
polled

(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 - - - - - -  
 TOTAL 4,44,61,128 100.00 4,44,61,128 - 100.00 -  
 Public - Institutions  E-VOTING 10,67,78,880 8,38,08,126 78.49 8,37,20,382 87,744 99.90 0.11  
 POLL - - - - - -  
 TOTAL 8,38,08,126 78.49 8,37,20,382 87,744 99.90 0.10  
 Public-Non Institutions  E-VOTING 1,51,20,126 2,46,785 1.63 2,45,588 1,197 99.51 0.49  
 POLL - - - - - -  
 TOTAL 2,46,785 1.63 2,45,588 1,197 99.51 0.49  
 TOTAL   16,63,60,134 12,85,16,039 77.25 12,84,27,098 88,941 99.93 0.07  
   
 Resolution 5 : Ratification of remuneration payable to Cost Auditors, M/S. Sagar & Associates, Cost Accountants for the financial year ending March 31, 2022.  
 Resolution required :(Ordinary / Special)  Ordinary Resolution  
 Whether promoter/promoter group are interested in the agenda/resolution ?  No  
   
 Category  Mode of Voting  No. of  shares
held


(1) 		 No. of votes
polled


(2) 		 % of Votes
Polled on
outstanding
shares
(3)=[(2)/(1)]*100 		 No. of
Votes
in favor

(4) 		 No. of
Votes
against

(5) 		 % of Votes in
favour on votes
polled

(6)=[(4)/(2)]*100 		 % of Votes against
on votes
polled

(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 - - - - - -  
 TOTAL 4,44,61,128 100.00 4,44,61,128 - 100.00 -  
 Public - Institutions  E-VOTING 10,67,78,880 8,38,05,187 78.49 8,37,95,715 9,472 99.99 0.01  
 POLL - - - - - -  
 TOTAL 8,38,05,187 78.48 8,37,95,715 9,472 99.99 0.01  
 Public-Non Institutions  E-VOTING 1,51,20,126 2,46,763 1.63 2,45,654 1,109 99.55 0.45  
 POLL - - - - - -  
 TOTAL 2,46,763 1.63 2,45,654 1,109 99.55 0.45  
 TOTAL   16,63,60,134 12,85,13,078 77.25 12,85,02,497 10,581 99.99 0.01  

 

 

 

 

 

 

Annexure B

 

 

 

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)]

 

To:

The Chairman

Dr. Reddy’s Laboratories Limited

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

Hyderabad, Telangana - 500 034, India.

 

Sub: 37th Annual General Meeting of the Members of Dr. Reddy’s Laboratories Limited held on Wednesday, July 28, 2021 at 9.00 AM (IST) through Video Conferencing (VC) /Other Audio-Visual Means (OAVM).

 

Dear Sir,

 

I, G Raghu Babu, 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 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 issued by Securities Exchange Board of India (SEBI) and in compliance with framework issued by the Ministry of Corporate Affairs through its circulars (MCA Circulars), on the resolutions contained in the Notice of the 37th AGM of the members of the Company, held on Wednesday, July 28, 2021 at 9.00 am (IST) through VC/OAVM 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 37th 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”, “AGAINST” and invalid votes, if any, on the resolutions contained in the Notice of the 37th 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 37th 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 9.00 AM (IST) on Saturday, July 24, 2021 and was closed at 5.00 PM IST on Tuesday, July 27, 2021.

 

Members holding shares as on Tuesday, July 20, 2021, “cut-off date”, were entitled to vote on the resolution stated in the Notice of the 37th 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, the votes cast thereat were downloaded from website of NSDL. Thereafter, the votes on remote e-voting were unblocked on Wednesday, July 28, 2021 at 11.25 AM IST, 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 37th 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 37th AGM and thereafter will be handed over to the Company Secretary of the Company for safe preservation.

 

Thanking you,

 

  For R & A Associates
   
(G. Raghu Babu)
Partner
Place: Hyderabad FCS No.4448, CP No. 2820
Date: July 28, 2021 UDIN: F004448C000698603

 

 

 

   

 

 

Annexure-I
Combined Results (remote e-voting and e-voting at AGM)
Item number of
Notice and type of
Resolution		 Description Mode of Voting Total no. of
votes cast		 Votes in favour of the
resolution		 Votes against the
resolution		 Invalid Votes
No's  %age No's  %age No's  %age
1 - Ordinary Resolution To receive, consider and adopt the financial statements (standalone and consolidated) of the company for the year ended March 31, 2021, together with the reports of the board of directors and auditors thereon. remote e-voting 12,57,43,572 12,56,57,754 99.93% 85,818 0.07% - -
e- voting at the AGM 22,783 22,783 100.00% - 0.00% - -
Total 12,57,66,355 12,56,80,537 99.93% 85,818 0.07% - -
2 - Ordinary Resolution To declare dividend on the equity shares for the financial year 2020-21. remote e-voting 12,84,95,607 12,83,59,610 99.89% 1,35,997 0.11% - -
e- voting at the AGM 22,783 22,783 100.00% - 0.00% - -
Total 12,85,18,390 12,83,82,393 99.89% 1,35,997 0.11% - -
3 - Ordinary Resolution To reappoint Mr. G V Prasad (DIN: 00057433), as a director, who retires by rotation, and being eligible offers himself for the reappointment. remote e-voting 12,84,90,273 12,52,43,383 97.47% 32,46,890 2.53% - -
e- voting at the AGM 22,783 22,783 100.00% - 0.00% - -
Total 12,85,13,056 12,52,66,166 97.47% 32,46,890 2.53% - -
4 - Ordinary Resolution To reappoint statutory auditors and fix their remuneration. remote e-voting 12,84,93,256 12,84,04,315 99.93% 88,941 0.07% - -
e- voting at the AGM 22,783 22,783 100.00% - 0.00% - -
Total 12,85,16,039 12,84,27,098 99.93% 88,941 0.07% - -
5 - Ordinary Resolution To ratify the remuneration payable to cost auditors, M/s. Sagar & Associates, cost accountants for the financial year ending March 31, 2022. remote e-voting 12,84,90,295 12,84,79,714 99.99% 10,581 0.01% - -
e- voting at the AGM 22,783 22,783 100.00% - 0.00% - -
Total 12,85,13,078 12,85,02,497 99.99% 10,581 0.01% - -

 

   

 

 

 

 

 

  Annexure C

 

DR. REDDY’S LABORATORIES LIMITED

 

Summary of proceedings of the 37th Annual General Meeting (AGM) of the members of Dr. Reddy’s Laboratories Limited (‘the Company’) held on Wednesday, July 28, 2021 at 9.00 AM (IST) through video conferencing (VC) facility/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 participated from Hyderabad, India
3. Mr. Allan Oberman Independent Director participated from Toronto, Canada
4. Dr. Bruce L A Carter Independent Director and ADR holder participated from Washington, USA.
5. Ms. Kalpana Morparia Independent Director and Member participated from Mumbai, India
6. Mr. Leo Puri Independent Director participated from Singapore
7. Mr. Prasad R Menon Independent Director participated from Hyderabad, India
8. Ms. Shikha Sharma Independent Director participated from Mumbai, India
9. Mr. Sridar Iyengar Independent Director participated from California , USA

 

In attendance through VC, participated from Hyderabad, India:

 

1. Mr. Erez Israeli Chief Executive Officer
2. Mr. Parag Agarwal Chief Financial Officer
3. Mr. Sandeep Poddar Company Secretary and Member

  

Other representatives through VC:

 

1.Representatives of M/s. S.R. Batliboi & Associates LLP, Statutory Auditors, participated from Hyderabad, India
2.Mr. Makarand M. Joshi, Secretarial Auditor, M/s Makarand M. Joshi & Co., Practising Company Secretaries, participated from Mumbai, India
3.Mr. G Raghu Babu, Scrutinizer, M/s. R & A Associates, Practising Company Secretaries, participated from Hyderabad, India

 

Members Present:

 

99 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. The Company Secretary informed the members that the meeting is being held through video conferencing facility/ other audio visual means in compliance with the general circulars dated April 8, 2020, April 13, 2020, May 5, 2020, and January 13, 2021, issued by the Ministry of Corporate Affairs and SEBI circulars dated May 12, 2020, and January 15, 2021 (collectively referred to as “the Circulars”). The Company Secretary further stated that since the Annual Report for FY2021 containing the notice of the 37th AGM and the auditor’s report was circulated to the members through electronic mode, the notice convening the meeting and the auditor’s report is 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 Annual Report for FY2021 containing the audited financial statements (both standalone and consolidated) for the year ended March 31, 2021, board’s and auditor’s report had been sent through electronic mode to all the members whose e-mail addresses are registered with the company/depository participant(s). The members were also informed that the original documents (as referred to in the Annual Report) along with the statutory registers were made available for inspection before the 37th AGM and were also available during the AGM for inspection in electronic mode.

 

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 the following key matters:

 

·Plans for reduction of dependence for inputs on China : The management responded by saying that the percentage of direct production inputs from China has reduced drastically. However it is not realistically possible to displace China entirely. The Government of India has launched measures like the Production Linked Incentive (PLI) scheme enabling companies to reduce their dependence on China and other such countries for their imports.
·Company’s initiatives towards digitalisation and sustainability: The management responded that the Company is leading innovation through digitalisation. Attention was drawn to the Company’s sustainability report available on the website for the Company’s initiatives.
·Availability of Sputnik V, 2DG and immunity booster products in the market: The management responded saying that there have been supply related challenges for Sputnik V which are expected to be ease over the upcoming period. The process of clinical trial data submission for Sputnik light is ongoing. The Company has already launched immunity booster products
·Relevance of US generics, and impairment charges: The management responded that the US markets are still attractive and do contribute to the Company’s profits hence the Company is bullish on the US markets. With regard to the impairment charges, the management responded that the impairment charges are always computed and disclosed in accordance with the accounting standards.
·Performance of acquisitions and inorganic growths: The management responded that although Germany acquisition faced impairment in short term but in the long term the entity has established itself strongly. The Company was not successful in bringing out just one product from the portfolio acquired from Teva, however rest of the portfolio is still attractive. Further, the Wockhardt acquisition has met the expected targets and has turned out to be a successful acquisition.
·Expansion plan for increasing the facilities locations in eastern/other parts of India. The management responded by saying that currently the facilities are located at Baddi, Himchal Pradesh, Vizag, Andhra Pradesh and Hyderabad, Telangana. There are no immediate plans for entering into eastern/other parts of the country.
·Unclaimed dividend/transfer of shares to IEPF: the management responded saying that the Company regularly intimates the shareholders whose dividend is lying unclaimed and also uploads a list of such shareholders on its website for their ready reference.
·Queries regarding dividend, unclaimed dividend, rights issue and shares split – the management responded saying that these will  be evaluated at the suitable time.

 

 

 

 

The members were further informed that the Company had provided to the members facility to cast their vote electronically, on all resolutions set forth in the notice of the 37th AGM through remote e-voting provided by NSDL. The remote e-voting facility was open from Saturday, July 24, 2021 (9.00 AM IST) to Tuesday, July 27, 2021 (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 37th AGM dated May 14, 2021 were transacted at the meeting:

 

Ordinary Business

 

1.Adoption of financial statements (standalone and consolidated) of the Company for the year ended March 31, 2021, together with the reports of the board of directors and auditors thereon (Ordinary Resolution).
2.Declaration of dividend on the equity shares for the financial year 2020-21 (Ordinary Resolution).
3.Reappointment of Mr. G V Prasad (DIN: 00057433), as a director, who retires by rotation, and being eligible offers himself for the reappointment. (Ordinary Resolution).
4.Reappointment of M/s. S.R. Batliboi & Associates LLP, chartered accountants (firm registration no. 101049W/E300004), as statutory auditors of the Company, to hold office for a second term of five consecutive years from the conclusion of the 37th AGM until the conclusion of the 42nd AGM and fix their remuneration. (Ordinary Resolution).

 

Special Business

 

5.Ratification of remuneration payable to cost auditors, M/s. Sagar & Associates, cost accountants, for the financial year ending March 31, 2022 (Ordinary Resolution).

 

Mr. Prasad R Menon, Independent Director, chaired the meeting for agenda item no. 3 of the notice of the 37th AGM, relating to Mr. G V Prasad’s reappointment, who was retiring by rotation and sought reappointment, as Mr. G V Prasad and Mr. K Satish Reddy, executive directors were interested in this agenda item.

 

The Chairman informed the members that Mr. G Raghu Babu (FCS no. 4448 and CP no. 2820), 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 37th 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 37th AGM were declared as passed by requisite majority.

 

For Dr. Reddy’s Laboratories Ltd.

 

/s/ Sandeep Poddar  
Sandeep Poddar  
Company Secretary