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, 2024
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
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 29, 2024 |
By: |
/s/ K Randhir
Singh |
|
|
Name: |
K Randhir Singh |
|
|
Title: |
Company Secretary |
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 29, 2024
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 40th Annual General Meeting
and Voting results
This is with reference to our earlier letters dated
May 07, 2024 and July 2, 2024, regarding the 40th Annual General Meeting (AGM) of the Company, held on July 29, 2024.
In accordance with Regulation 44 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), this is to inform you that the Members of the Company
transacted the business as stated in the Notice of 40th AGM, dated May 07, 2024, through video conferencing facility.
In this regard, please find enclosed the following:
| 1. | Pursuant to Regulation 30 of the SEBI Listing Regulations, summary of the 40th AGM proceedings 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. | The agenda-wise disclosure of voting details 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: As above
CC: National Securities Depositary Limited (NSDL)
|
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 |
DR. REDDY’S LABORATORIES LIMITED
Summary of proceedings of the 40th Annual General
Meeting (AGM) of the members of Dr. Reddy’s Laboratories Limited (‘the Company’) held on Monday, July 29, 2024 at 11.00
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. |
Ms. Kalpana Morparia |
Independent Director and Member, participated from Mumbai, India |
4. |
Mr. Leo Puri |
Independent Director, participated from Singapore |
5. |
Ms. Shikha Sharma |
Independent Director, participated from Mumbai, India |
6. |
Dr. K P Krishnan |
Independent Director, participated from Mumbai, India |
7. |
Ms. Penny Wan |
Independent Director, participated from Pennsylvania, USA |
8. |
Mr. Arun M Kumar |
Independent Director, participated from Bangalore, India |
9. |
Dr. Claudio Albrecht |
Independent Director, participated from Austria |
10. |
Ms. Alpna Seth |
Independent Director, participated from Delhi, India |
11. |
Mr. Sanjiv Mehta |
Independent Director, participated from Paris, France |
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:
| 1. | Representatives of M/s. S.R. Batliboi & Associates LLP, Statutory Auditors, participated from Hyderabad,
India |
| 2. | Mr. Atul Mehta, Scrutinizer, Founding Partner, M/s. Mehta & Mehta, Practicing Company Secretaries,
participated from Hyderabad, India |
Members Present:
Total 179 members holding 8,13,44,475 shares, attended
the meeting through VC/OAVM.
Pursuant to Article 70 of the 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 Annual Report for FY2024 containing the Notice of the 40th 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 FY2024 containing the Audited Financial Statements (both Standalone and Consolidated) for the year ended March 31, 2024, 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 Annual Report, along with the statutory registers were made available for inspection before the 40th 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 40th AGM through
remote e-voting provided by NSDL. The remote e-voting facility was open from Thursday, July 25, 2024 (9.00 AM IST) to Sunday, July 28,
2024 (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 40th AGM dated May 07, 2024 were transacted at the meeting:
Ordinary Business
| 1. | Adoption of Audited Financial Statements (Standalone and Consolidated) of the Company for the year ended
March 31, 2024, together with the Reports of the Board of Directors and Auditors thereon (Ordinary Resolution). |
| 2. | Declaration of dividend of Rs. 40 per equity share for the FY2024 (Ordinary Resolution). |
| 3. | Re-appointment of Mr. K Satish Reddy (DIN: 00129701), as a Director, who retires by rotation, and being
eligible offers himself for re-appointment (Ordinary Resolution). |
Special Business
| 4. | Approval of the appointment of Mr. Vishal Reddy, a related party, as an entry level employee in Dr. Reddy’s
Laboratories Inc, USA, a wholly owned subsidiary of the Company (Ordinary Resolution). |
| 5. | Approval of the remuneration payable to Cost Auditors, M/s. Sagar & Associates, Cost Accountants,
for the financial year ending March 31, 2025 (Ordinary Resolution). |
The Chairman informed the members that 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 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 40th 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 meeting started at 11:00 a.m. and concluded at
1:16 p.m. (including 30 minutes time allowed for e-voting during AGM).
The Scrutinizer’s Report was received, and accordingly
all the resolutions as set out in the Notice of the 40th AGM were declared as passed by requisite majority.
For Dr. Reddy’s Laboratories Limited
K Randhir Singh
Company Secretary, Compliance Officer and Head-CSR
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