Meeting Details

The 42nd AGM of Dr. Reddy's Laboratories Limited was held on Thursday, July 23, 2026, at 11:00 AM IST through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) facility. The meeting concluded at 12:52 PM IST. The meeting was conducted in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI).

Attendance

Total 86 members holding 22,25,59,764 shares attended the meeting through VC/OAVM. The cut-off date for determining members entitled to vote was Thursday, July 16, 2026.

Directors Present through VC:

  • Mr. K Satish Reddy - Chairman and Member (Hyderabad, India)
  • Mr. G V Prasad - Co-Chairman and Managing Director and Member (Hyderabad, India)
  • Mr. Leo Puri - Independent Director, Chairman of Stakeholders' Relationship Committee (Mumbai, India)
  • Ms. Shikha Sharma - Independent Director, Chairperson of Risk Management Committee (Hyderabad, India)
  • Dr. K P Krishnan - Independent Director, Chairman of the Sustainability & Corporate Social Responsibility Committee (Hyderabad, India)
  • Ms. Penny Wan - Independent Director (Hyderabad, India)
  • Mr. Arun M Kumar - Independent Director, Chairman of the Audit Committee (Mumbai, India)
  • Dr. Claudio Albrecht - Independent Director, Chairman of Science, Technology and Operations Committee (Bangalore, India)
  • Dr. Alpna Seth - Independent Director (New Delhi, India)
  • Mr. Sanjiv Mehta - Independent Director, Chairman of Nomination, Governance and Compensation Committee (Mumbai, India)
  • Mr. Srikanth Velamakanni - Independent Director (New Delhi, India)

Other Attendees through VC:

  • Mr. Erez Israeli - Chief Executive Officer (Hyderabad, India)
  • Mr. M V Narasimham - Chief Financial Officer (Hyderabad, India)
  • Mr. K Randhir Singh - Company Secretary, Compliance Officer and Head-CSR (Hyderabad, India)
  • Representatives of M/s. S.R. Batliboi & Associates LLP, Statutory Auditors (Hyderabad, India)
  • Mr. Atul Mehta, Scrutinizer, Founding Partner, M/s. Mehta & Mehta, Practicing Company Secretaries (Mumbai, India)
  • Mr. Lakshmi Kant Sharma, Representatives of Makarand M. Joshi & Co., Company Secretaries, Secretarial Auditor (Mumbai, India)

Voting Process

The remote e-voting facility was provided by National Securities Depository Limited (NSDL) and was open from Sunday, July 19, 2026 (9:00 AM IST) to Wednesday, July 22, 2026 (5:00 PM IST). Members attending the AGM who had not cast votes through remote e-voting were provided an opportunity to cast votes during the AGM through the e-voting facility.

Mr. Atul Mehta (Membership No. F5782 and COP No. 2486), Founding Partner, M/s Mehta & Mehta, Company Secretaries, was appointed as the Scrutinizer for scrutinizing the voting process.

Resolutions Passed

All seven resolutions set forth in the Notice of the 42nd AGM dated May 12, 2026 were passed by requisite majority:

Item No. 1: Ordinary Resolution

Adoption of the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.

  • Remote e-voting: 1,838 members voted representing 70,58,88,109 shares in favor; 23 members voted representing 6,356 shares against
  • Voting during AGM: 3 members voted representing 515 shares in favor; 1 member voted representing 2 shares against
  • Total votes in favor: 70,58,88,624 shares (99.9991% of valid votes)

Item No. 2: Ordinary Resolution

Declaration of final dividend of ₹8 per equity share of the face value of ₹1 each, for the financial year ended March 31, 2026.

  • Remote e-voting: 1,840 members voted representing 70,74,35,124 shares in favor; 24 members voted representing 7,172 shares against
  • Voting during AGM: 3 members voted representing 515 shares in favor; 1 member voted representing 2 shares against
  • Total votes in favor: 70,74,35,639 shares (99.999% of valid votes)

Item No. 3: Ordinary Resolution

Re-appointment of Mr. K Satish Reddy (DIN: 00129701), as a Director, who retires by rotation and being eligible, has offered himself for re-appointment.

  • Remote e-voting: 1,794 members voted representing 70,26,11,288 shares in favor; 70 members voted representing 43,72,262 shares against
  • Voting during AGM: 3 members voted representing 515 shares in favor; 1 member voted representing 2 shares against
  • Total votes in favor: 70,26,11,803 shares (99.3816% of valid votes)

Item No. 4: Ordinary Resolution

Appointment of M/s. Deloitte Haskins & Sells, LLP, Chartered Accountants as Statutory Auditors for a period of five consecutive years and fix their remuneration.

  • Remote e-voting: 1,814 members voted representing 70,72,35,055 shares in favor; votes against represented 1,55,649 shares
  • Voting during AGM: 3 members voted representing 515 shares in favor
  • Total votes in favor: 70,72,35,570 shares (99.978% of valid votes)

Item No. 5: Special Resolution

Re-appointment of Dr. K P Krishnan (DIN: 01099097), as an Independent Director for a second term of five consecutive years.

  • Remote e-voting: 1,771 members voted representing 68,80,58,217 shares in favor; 99 members voted representing 1,93,19,657 shares against
  • Voting during AGM: votes representing 515 shares in favor
  • Total votes in favor: 68,80,58,732 shares (97.2688% of valid votes)

Item No. 6: Special Resolution

Appointment of Mr. Srikanth Velamakanni (DIN: 01722758), as an Independent Director of the Company.

  • Remote e-voting: 1,662 members voted representing 64,61,68,787 shares in favor; 208 members voted representing 6,12,07,389 shares against
  • Voting during AGM: votes representing 515 shares in favor
  • Total votes in favor: 64,61,69,302 shares (91.3473% of valid votes)

Item No. 7: Ordinary Resolution

Ratification of remuneration payable to cost auditors, M/s Sagar & Associates, Cost Accountants, for the Financial Year ending March 31, 2027.

  • Remote e-voting: 1,817 members voted representing 70,73,76,273 shares in favor; 41 members voted representing 12,534 shares against
  • Voting during AGM: votes representing 515 shares in favor
  • Total votes in favor: 70,73,76,788 shares (99.9982% of valid votes)

Document Availability

The AGM proceedings summary, Scrutinizer's Report, and voting details are available on the Company's website (www.drreddys.com) and NSDL website (www.evoting.nsdl.com).

Financial Impact

The declaration of final dividend of ₹8 per equity share represents a cash outflow subject to approval at the forthcoming board meeting for determining record date.