Key Personnel Change
Mr. Deepak Sapra has resigned from the position of CEO, API and Services and as a Senior Management Personnel of Dr. Reddy's Laboratories Limited.
Effective Date of Cessation
His employment and status as Senior Management Personnel will cease effective from the close of business hours on November 12, 2026.
Reason for Change
The reason for the change, as provided in the annexure, is that Mr. Sapra has resigned "to pursue opportunities outside the Company." This is corroborated by his resignation letter addressed to Mr. Erez Israeli, which states the same reason.
Transition Period
Mr. Sapra submitted his resignation letter on August 13, 2026. He will remain with the organization for a transition period until his effective cessation date (November 12, 2026). In his letter, he committed to "continue to support the organization during this period and ensure a smooth transition and handover" of his responsibilities.
Tenure and Background
Mr. Sapra's resignation letter notes his tenure at the company spanned "23 + years" from 2003.