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
August, 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) |
|
|
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Date: August 13, 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 |
August 13, 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: Submission of Postal Ballot Notice
Pursuant to Regulation 30 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 and in furtherance to our communication dated July 27, 2024, please find enclosed the Postal
Ballot Notice for seeking approval of members, for “sub-division/ split of each equity share of the Company having face value of
Rs. 5/- (Rupees five only) each, fully paid-up, into 5 (Five) equity shares having face value of Re. 1/- (Rupee one only) each, fully
paid up, by alteration of the Capital Clause of the Memorandum of Association of the Company”, through voting by electronic means
(remote e-voting).
In accordance with the General Circulars issued by
the Ministry of Corporate Affairs (‘MCA Circulars’), the Postal Ballot Notice indicating, inter alia, the process and manner
of remote e-voting, is being sent only through electronic mode to the members whose names appear on the Register of Members/ List of Beneficial
Owners as on August 09, 2024 (“cut-off date”) received from the Depositories and whose email addresses are registered with
the Company/ Company’s Registrar and Transfer Agent/ Depositories.
The Company has engaged the services of NSDL for the
purpose of providing e-voting facility to its members. The remote e-voting period commences on Wednesday, August 14, 2024 at 9:00 a.m.
(IST) and ends on Thursday, September 12, 2024 at 5:00 p.m. (IST). The voting results of the postal ballot shall be declared on or before
Saturday, September 14, 2024.
The Postal Ballot Notice is also available on Company’s
website www.drreddys.com and on the website of National Securities Depository Limited (“NSDL”) www.evoting.nsdl.com.
This is for your information and records.
Thanking you.
Yours faithfully,
For Dr. Reddy’s Laboratories Limited
K Randhir Singh
Company Secretary, Compliance Officer & Head-CSR
Encl: as above
Dr. Reddy’s Laboratories Limited
Regd. Office: 8-2-337, Road No. 3, Banjara Hills, Hyderabad,
Telangana-500 034, India
CIN: L85195TG1984PLC004507, Tel: +91-40-4900 2900,
Fax: +91-40-4900 2999
Email: shares@drreddys.com, Website: www.drreddys.com
Postal Ballot Notice
Pursuant to Section 110 of the Companies Act, 2013
read with the Companies (Management and Administration) Rules, 2014 and the Circulars issued by the Ministry of Corporate Affairs, Government
of India
Commencement of e-voting on |
Conclusion of e-voting on |
Wednesday, August 14, 2024 at 9:00 a.m. (IST) |
Thursday, September 12, 2024 at 5:00 p.m. (IST) |
Dear Members,
Notice is hereby given that pursuant to the provisions
of Section 110 read with Section 108 of the Companies Act, 2013 (hereinafter referred to as “the Act”), together with Rule
20 and Rule 22 of the Companies (Management and Administration) Rules, 2014 (hereinafter referred to as “the Rules”), and
other applicable provisions of the Act, rules, circulars and notifications thereunder, as amended from time to time, General Circular
Nos. 14/2020 dated April 8, 2020 and 17/2020 dated April 13, 2020 read with other relevant circulars, including General Circular Nos.
11/2022 dated December 28, 2022 and 9/2023 dated September 25, 2023, issued by the Ministry of Corporate Affairs, Government of India
(hereinafter collectively referred to as “MCA Circulars”), and Secretarial Standard on General Meetings issued by the Institute
of Company Secretaries of India (“SS-2”) and any other applicable laws, rules and regulations (including any statutory modification(s)
or re-enactment(s) thereof, for the time being in force), that the resolution appended below is proposed for the approval of ‘sub-division/
split of equity shares of the Company, such that each equity share having face value of Rs. 5/- (Rupees five only) each, fully paid-up,
be sub-divided into 5 (five) equity shares having face value of Re. 1/- (Rupee one only) each, fully paid- up, by alteration of ‘Clause
V’ of the Memorandum of Association of the Company, by the members of the Company (as on the Cut-off Date), through postal ballot
process (the “Postal Ballot”) only by way of voting through electronic means (remote e-voting). An Explanatory Statement pertaining
to the said resolution setting out the material facts and the reasons/ rationale thereof forms part of this Postal Ballot Notice (“the
Notice” or “the Postal Ballot Notice”).
The Company has engaged the services of National Securities
Depository Limited (“NSDL”) for the purpose of providing e-voting facility (remote e-voting) to all its members, pursuant
to Section 108 of the Act read with Rule 20 of the Rules, as amended, and Regulation 44 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and aforementioned MCA Circulars. In accordance with the MCA
Circulars, the Notice indicating, inter alia, the process and manner of remote e-voting, is being sent only through electronic
mode to the members whose names appear on the Register of Members/ List of Beneficial Owners as on Friday, August 09, 2024 (“cut-off
date”) received from the Depositories and whose e-mail addresses are registered with the Company/ Depositories. Accordingly, the
Company is pleased to provide remote e-voting facility to all its members to cast their votes electronically. The manner of voting on
the proposed resolution is restricted only to e-voting i.e., by casting votes electronically instead of submitting postal ballot forms.
The detailed instructions for e-voting are given in the Notes under the section ‘Procedure for e-voting’.
The Board of the Company has appointed Mr. Atul Mehta
(Membership No. F5782 and COP No. 2486), Founding Partner, failing him, Ms. Alifya Sapatwala (Membership No. 24091 and COP No. 24895),
Partner, M/s Mehta & Mehta, Company Secretaries, as the Scrutinizer for conducting the postal ballot through the remote e-voting process
in a fair and transparent manner. They have communicated their willingness to act as the Scrutinizer and will be available for the said
purpose.
The Scrutinizer will submit Scrutinizer’s report
to the Chairman of the Company or any person authorized by him, after completion of the scrutiny of the votes cast electronically. The
result of the postal ballot through e-voting process shall be announced at the Registered Office of the Company. The result along with
the Scrutinizer’s report would be displayed at the Registered Office of the Company, and will be intimated to NSDL and Stock Exchanges
where the Company's securities are listed and displayed on the Company's website www.drreddys.com along with the Scrutinizer's
report.
RESOLUTION THROUGH POSTAL BALLOT
To approve sub-division/split of each equity share
of Rs. 5/- (Rupees five only) each into 5 (five) equity shares of Re. 1/- (Rupee one only) each and consequent alteration to the Memorandum
of Association of the Company
To consider and, if thought fit, to give assent/ dissent
to the following resolution, as an Ordinary Resolution:
“RESOLVED THAT pursuant to the provisions
of Section 61(1)(d), 64 and other applicable provisions of the Companies Act, 2013 (“the Act”), the Companies (Share Capital
and Debentures) Rules, 2014, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,
2015 (“SEBI Listing Regulations”) [including any statutory modification(s), notifications, circulars issued thereunder or
re-enactment(s) thereof, for the time being in force], in accordance with the Articles of Association of the Company and subject to such
permissions, consents and approvals as may be required from concerned statutory authorities, approval of the members of the Company be
and is hereby accorded for sub-division/ split of equity shares of the Company, such that each equity share having face value of Rs. 5/-
(Rupees five only) each, fully paid-up, be sub-divided into 5 (five) equity shares having face value of Re. 1/- (Rupee one only) each,
fully paid- up, ranking pari-passu in all respects with effect from such date as may be fixed for this purpose (“Record Date”)
by the Board (hereinafter the term ‘Board’, shall be deemed to encompass any committee formed by the Board, including those
constituted by the Board subsequently) of the Company;
RESOLVED FURTHER THAT upon sub-division/ split
of equity shares as aforesaid and with effect from the Record Date:
| (a) | for the equity shares held in physical form, the existing share certificate(s) in relation to the said
equity shares, shall be deemed to have been automatically cancelled and shall be of no effect and the Board, without requiring the members
to surrender their existing share certificate(s), may issue Letters of Confirmation of the Company in compliance with the prevailing laws/
guidelines in this regard; and |
| (b) | for the equity shares held in dematerialized form, the sub-divided/split equity shares shall be credited
proportionately into the respective beneficiary demat account(s) of the members held with their depository participant(s), in lieu of
the existing credits present in their respective beneficiary demat account(s). |
RESOLVED FURTHER THAT pursuant to the provisions
of Section 13 and other applicable provisions, if any, of the Act and the Rules made thereunder, consent of members of the Company be
and is hereby accorded to substitute the existing ‘Clause V’ of the Memorandum of Association of the Company with the following
new clause:
“V. The Authorised Share
Capital of the Company is Rs. 1,450,000,000/- (Rupees One Hundred and Forty-five Crores Only) divided into 1,450,000,000 (One Hundred
and Forty-five Crores) equity shares of Re. 1/- (Rupee one only) each.”
RESOLVED FURTHER THAT the consent of the Members
be and is hereby accorded to make all the requisite alterations, modifications and adjustments under the following scheme(s), as may be
necessary due to sub-division/split of equity shares of the Company:
| i. | Dr. Reddy's Employees Stock Option Scheme, 2002 |
| ii. | Dr. Reddy's Employees ADR Stock Option Scheme, 2007 |
| iii. | Dr. Reddy's Employees Stock Option Scheme, 2018 |
RESOLVED FURTHER THAT subject to approval(s),
consent(s), permission(s) and sanction(s) as may be necessary from the concerned Statutory Authority(ies) and Indian and Overseas Depositories,
the consent of the Members be and is hereby accorded for registering additional American Depository Receipts (ADRs) with New York Stock
Exchange/Securities Exchange Commission or such other statutory/regulatory authority(ies) as may be required to maintain the existing
ratio of 1 (one) ADR being equivalent to 1 (one) equity share post sub-division;
RESOLVED FURTHER THAT for the purpose of giving
effect to the aforesaid resolution, the Board be and is hereby authorised to do all such acts, deeds, matters and things including to
fix and announce the Record Date, to make appropriate adjustments on account of sub-division/ split of equity shares, to accept and make
any alteration(s), modification(s) to terms and to give such directions as they may in their absolute discretion deem necessary,
proper or desirable, to apply for requisite approvals, to settle any questions, doubts or difficulties that may arise with regard to
the sub-division/ split of the equity shares as aforesaid and to carry out/ execute all matters in connection therewith and incidental
thereto in order to give full effect to this resolution including execution and filing of all the relevant documents with the Registrar
of Companies, Stock Exchanges, Depositories and other appropriate authorities in due compliance of the applicable rules and regulations,
without seeking any further approval/ consent of the members of the Company to the end and intent that they shall be deemed to have given
their approval thereto and for matters connected therewith or incidental thereto expressly by the authority of this resolution.”
Registered Office
8-2-337, Road No. 3, Banjara Hills,
Hyderabad, Telangana- 500034, India
CIN: L85195TG1984PLC004507
Tel-91-40-49002900, Fax-91-40-49002999
Email: shares@drreddys.com
Website: www.drreddys.com
Place: Hyderabad
Date: July 27, 2024 |
By order of the Board
of Directors
For Dr. Reddy’s Laboratories
Limited
Sd/-
K Randhir Singh
Company Secretary, Compliance Officer
and Head-CSR
Membership No. F6621 |
Notes:
| 1. | The explanatory statement pursuant to Section 102 and any other applicable provisions of the Act, the
rules made thereunder, SEBI Listing Regulations and Secretarial Standard on General Meetings (SS-2) stating all material facts and the
reasons thereof for the proposed resolution, forming part of this Notice, is annexed herewith. |
| 2. | In accordance with the MCA Circulars, this Postal Ballot Notice is being sent only by electronic mode
to those members whose names appear on the Register of Members/ List of Beneficial Owners as on Friday August 09, 2024 (“cut-off
date”) received from the Depositories and whose e-mail address is registered with the Company/ Depositories. Physical copies
of the Postal Ballot Notice, postal ballot forms and pre-paid business reply envelopes are not being sent to members. |
| 3. | Pursuant to Sections 108 and 110 and other applicable provisions of the Act and the Rules made thereunder,
the MCA Circulars and Regulation 44 of the SEBI Listing Regulations read with SEBI circular on e-voting, dated December 9, 2020, SS-2
and any amendments thereto, the Company is providing the facility to the members to exercise their right to vote on the proposed resolution
electronically. The Company has engaged the services of National Securities Depository Limited (“NSDL”) to provide e-voting
facility. Members are requested to read carefully the instructions for e-voting that are provided as part of this Postal Ballot Notice
before casting their vote. |
| 4. | This Postal Ballot Notice will also be available
on the Company’s website at www.drreddys.com, website of the Stock Exchanges
i.e. BSE Limited and National Stock Exchange of India Limited at www.bseindia.com
and www.nseindia.com respectively, and on the website of NSDL at www.evoting.nsdl.com. |
| 5. | Members would be able to cast their votes and convey their assent or dissent to the proposed resolution
only through the remote e-voting process. Members whose names appear on the Register of Members/ List of Beneficial Owners as on cut-off
date i.e., August 09, 2024, will be considered for the purpose of e-voting. |
| 6. | Voting rights of a Member/ Beneficial Owner (in case of electronic shareholding) shall be in proportion
to their shareholding in the paid-up equity share capital of the Company as on the cut-off date. Any person who is not a member as on
the cut-off date should treat this notice for information purpose only. |
| 7. | The e-voting period commences on Wednesday, August 14, 2024 at 9:00 a.m. (IST) and ends on Thursday, September
12, 2024 at 5:00 p.m. (IST). During this period, members of the Company holding equity shares either in physical form or in dematerialized
form, as on the cut-off date i.e. August 09, 2024, may cast their votes electronically. The e-voting module shall be disabled by NSDL
for voting after Thursday, September 12, 2024 at 5:00 p.m. (IST). Once the vote on a resolution is cast by a member, he or she or they
will not be allowed to change it subsequently. |
| 8. | The resolution, if passed by requisite majority, shall be deemed to have been passed on the last date
of e-voting i.e. Thursday, September 12, 2024. |
| 9. | The Scrutinizer shall submit his/ her report
to the Chairman or a person authorized by him, after the completion of scrutiny, and the
result of the voting by postal ballot will be announced on or before Saturday, September
14, 2024. The result would be displayed at the Registered Office of the Company, intimated
to the NSDL and Stock Exchanges where the Company's securities are listed, and displayed
on the Company's website www.drreddys.com along with the Scrutinizer's report. |
| 10. | The documents, if any, referred to in the statement will be available for inspection at the Registered
Office of the Company during working hours on all working days from the date of dispatch of the Notice till Thursday, September 12, 2024,
at 5:00 p.m. (IST). |
| 11. | Members are requested to contact Company’s RTA, Bigshare Services Private Limited for encashing
the unclaimed/ unpaid dividends standing to the credit of their account. |
| 12. | All correspondence related to unclaimed/
unpaid dividend, change of address, change in e-mail ID already registered with the Company,
transmission of shares, issue of duplicate share certificates, Company mandates and all other
matters relating to the shareholding in the Company may be made to the Company’s Registrar
and Share Transfer Agent (“RTA”), Bigshare Services Private Limited, 306, Right
Wing, 3rd Floor, Amrutha Ville, Opp. Yashoda Hospital, Rajbhavan Road, Hyderabad 500 082,
Telangana, India, Tel: +91-40-2337 4967, Fax: +91-40-2337 0295, e-mail ID: bsshyd@bigshareonline.com. |
PROCEDURE FOR ‘E-VOTING':
| i. | Pursuant to the provisions of Section 108 and other applicable provisions of the Act read with the Rules made thereunder and Regulation
44 of the SEBI Listing Regulations, as amended, read with SEBI circular dated December 9, 2020, the Company is providing e-voting facility
of NSDL to its members to exercise their right to vote on the proposed resolution by electronic means |
| ii. | The e-voting facility is available at
the link – www.evoting.nsdl.com. The e-voting event number (EVEN) and the period
of e-voting are set out below: |
EVEN |
Commencement of e-voting |
Conclusion of e-voting |
129837 |
Wednesday, August 14, 2024 at
9:00 a.m. (IST) |
Thursday, September 12, 2024 at
5:00 p.m. (IST) |
E-voting will not be allowed beyond the
aforesaid date and time and the e-voting module shall be forthwith disabled by NSDL upon expiry of the aforesaid period.
| iii. | The manner of voting by (i) individual shareholders holding shares of the Company in demat mode, (ii) Shareholders other than individuals
holding shares of the Company in demat mode, (iii) Shareholders holding shares of the Company in physical mode, and (iv) Shareholders
who have not registered their e-mail address, is explained in the instructions given herein below. |
INFORMATION AND INSTRUCTIONS RELATING TO E-VOTING
Once the Shareholder has exercised the vote, whether
partially or otherwise, the Shareholder shall not be allowed to change it subsequently or cast the vote again.
The way to vote electronically on NSDL e-Voting system
consists of “Two Steps” which are mentioned below:
Step 1: Access to NSDL e-Voting system
| A) | Login method for e-voting for individual shareholders holding securities in demat mode |
In terms of SEBI circular dated December 9, 2020,
on e-voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through
their demat account maintained with Depositories and Depository Participants. Shareholders are advised to update their mobile number and
email id in their demat accounts in order to access e-voting facility.
Login method for Individual shareholders holding securities
in demat mode is given below:
Type of shareholders |
Login Method |
Individual Shareholders holding securities in demat mode with NSDL |
A. NSDL
IDeAS facility
If you are registered, follow the following
steps:
1. Visit
the e-Services website of NSDL viz. https://eservices.nsdl.com either on a personal computer or on a mobile.
2. On
the e-Services home page click on the “Beneficial Owner” icon under “Login” which is available under
‘IdeAS’ section
3. A
new screen will open. You will now have to enter your existing User ID and Password. After successful authentication, you will be able
to see e-voting services under value added services.
4. Click
on “Access to e-voting” under e-voting services and you will be able to see e-voting page.
5. Click
on company name or e-voting service provider i.e. NSDL and you will be re-directed to NSDL e-voting website of NSDL for casting
your vote during the remote e-voting period.
If you are not registered for IDeAS e-Services
follow the following steps:
1. Option
to register is available at https://eservices.nsdl.com.
2. Select
“Register Online for IDeAS Portal” or click at https://eservices.nsdl.com/SecureWeb/IdeasDirectReg.jsp
3. Please
follow steps given in points 1-5 above
B. E-voting
website of NSDL
1. Open
web browser by typing the following URL: https://www.evoting.nsdl.com/ either on a personal computer or on a mobile.
2. Once
the home page of e-voting system is launched, click on the icon “Login” which is available under ‘Shareholder/Member’
section.
3. A
new screen will open. You will have to enter your User ID (i.e. your sixteen digit demat account number held with NSDL), Password/OTP
and a Verification Code as shown on the screen.
4. After
successful authentication, you will be redirected to NSDL site wherein you can see e-voting page. Click on company name or e-voting
service provider i.e. NSDL and you will be redirected to e-voting website of NSDL for casting your vote during the remote
e-voting period.
5.
Shareholders/Members can also download NSDL Mobile App “NSDL Speede” facility by scanning the QR code mentioned
below for seamless voting experience |
|
|
Individual Shareholders holding securities in demat mode with CDSL |
1.
Existing users who have opted for CDSL Easi/ Easiest facility, can login through their user id and password. Option will be
made available to reach e-voting page without any further authentication. The users to login Easi / Easiest are requested to visit
CDSL website www.cdslindia.com and click on login icon & New System Myeasi Tab and then user your existing my easi
username & password. |
|
2.
After successful login of Easi/ Easiest the user will be also able to see the e-voting menu for eligible companies where the
e-voting is in progress as per information provided by the company The menu will have links of e-voting service provider i.e.
NSDL. Click on NSDL to cast your vote. Additionally, there is also links provided to access the system of all e-Voting
service providers, so that the user can visit the e-Voting service provider’s website directly.
3.
If the user is not registered for Easi/ Easiest, option to register is available at CDSL website, www.cdslindia.com and
click on login & New System Myeasi Tab and then click on registration option.
4.
Alternatively, the user can directly access e-voting page by providing demat account number and PAN No. from a e-voting link in www.cdslindia.com home
page. The system will authenticate the user by sending OTP on registered mobile & email as recorded in the Demat Account. After
successful authentication, user will be provided links for the respective e-voting service provider i.e. NSDL where the
e-voting is in progress and also able to directly access the system of all e-Voting Service Providers. |
Individual Shareholders (holding securities in demat mode) login through their depository participants |
1. You
can also login using the login credentials of your demat account through your Depository Participant registered with NSDL/CDSL for e-voting
facility.
2. Upon
logging in, you will be able to see e-voting option. Click on e-voting option, you will be redirected to NSDL/CDSL Depository site after
successful authentication, wherein you can see e-voting feature.
3.
Click on company name or e-voting service provider i.e. NSDL and you will be redirected to e-voting website of NSDL for casting your
vote during the remote e-voting period. |
Important note: Members who are unable to retrieve
User ID/ Password are advised to use Forgot User ID and Forgot Password option available at abovementioned website.
Helpdesk for Individual Shareholders holding securities
in demat mode for any technical issues related to login through Depository i.e. NSDL and CDSL are as under:
Login type |
Helpdesk details |
Individual Shareholders holding securities in demat mode with NSDL |
Members
facing any technical issue in login can contact NSDL helpdesk by sending a request at evoting@nsdl.co.in or call at +91-22-48867000
and +91-22-24997000 |
Individual Shareholders holding securities in demat mode with CDSL |
Members
facing any technical issue in login can contact CDSL helpdesk by sending a request at helpdesk.evoting@cdslindia.com or contact
at toll free no. 1800 22 55 33 |
| B) | Login method for shareholders other than individual shareholders holding securities in demat mode
and shareholders holding securities in physical mode |
How to Log-in to NSDL e-voting
website?
| 1. | Visit the e-voting website of NSDL. Open
web browser by typing the following URL: https://www.evoting.nsdl.com either on a
personal computer or on a mobile. |
| 2. | Once the home page of e-voting system is launched, click on the icon “Log-in” which is available
under “Shareholders/Members” section. |
| 3. | A new screen will open. You will have
to enter your user ID, your password/OTP and a verification code as shown on the screen.
Alternatively, if you are registered for NSDL eservices i.e. IDEAS, you can log-in at https://eservices.nsdl.com
with your existing IDEAS log-in. Once you log-in to NSDL eservices after using your login
credentials, click on e-voting and you can proceed to Step 2 i.e. Cast your vote electronically. |
| 4. | Your User ID details are given below: |
Manner of holding shares i.e. Demat (NSDL or CDSL) or Physical |
Your User ID is |
a. For
Members who hold shares in demat account with NSDL
|
8 character DP ID followed by 8 Digit Client ID For example: if your DP ID is IN300*** and Client ID is 12****** then your User ID is IN300***12****** |
b. For
Members who hold shares in demat account with CDSL.
|
16 digit Beneficiary ID For example: if your Beneficiary ID is 12************** then your User ID is 12************** |
c. For Members holding shares in Physical Form |
EVEN number followed by folio number registered with
the Company.
For example: if Folio Number is A01*** and EVEN is
123456 then User ID is 123456A01*** |
| 5. | Password details for shareholders other than Individual shareholders are given below: |
| a. | If you are already registered for e-voting, then you can use your existing password to login and cast
your vote. |
| b. | If you are using NSDL e-Voting system for the first time, you will need to retrieve the ‘initial
password’ which was communicated to you. Once you retrieve your ‘initial password’, you need to enter the ‘initial
password’ and the system will force you to change your password. |
| c. | How to retrieve your ‘initial password’: If your email ID is registered in your demat account
or with the company, your ‘initial password’ is communicated to you on your email ID. Trace the email sent to you from NSDL
from your mailbox. Open the email and open the attachment i.e. a .pdf file. Open the .pdf file. The password to open the .pdf file is
your 8 digit client ID for NSDL account, last 8 digits of client ID for CDSL account or folio number for shares held in physical form.
The .pdf file contains your ‘User ID’ and your ‘initial password’. |
| d. | If your email ID is not registered, please follow steps mentioned below in process for those shareholders
whose email ids are not registered |
| 6. | If you are unable to retrieve or have not received your “initial password” or have forgotten
your password: |
| a. | Click on “Forgot User Details/Password?”(If
you are holding shares in your demat account with NSDL or CDSL) option available on www.evoting.nsdl.com |
| b. | Physical User Reset Password?”
(If you are holding shares in physical mode) option available on www.evoting.nsdl.com |
| c. | If you are still unable to get the password by aforesaid two options, you can send a request at evoting@nsdl.co.in
mentioning your demat account number/ folio number, PAN, name and registered address, etc. |
| d. | Members can also use the OTP (One Time Password) based login for casting the votes on the e-voting system
of NSDL |
| 7. | After entering the password, click on “Agree to Terms and Conditions” by selecting on the
check box. |
| 8. | Now you will have to click on “Log-in” button. |
| 9. | After you click on “Log-in” button, home page of e-voting will open. |
Step 2: How to cast your vote electronically
on NSDL e-voting system?
| 1. | After successful login at Step 1, you will be able to see all the companies' “EVEN” (E-Voting
Event Number) in which you are holding shares and whose voting cycle is in active status. |
| 2. | Select “EVEN” of “Dr. Reddy's Laboratories Limited”. The Cast Vote page will open. |
| 3. | Now you are ready for e-voting as the voting page opens. |
| 4. | Cast your vote by selecting your favoured option i.e. assent/dissent, verify/modify the number of shares
for which you wish to cast your vote and click on “Submit” and also “Confirm” when prompted. |
| 5. | Upon confirmation, the message “Vote cast successfully” will be displayed. |
| 6. | You can also take the printout of the votes cast by you by clicking on the print option on the confirmation
page. |
| 7. | Once you confirm your vote on the resolution, you will not be allowed to modify your vote. |
General Guidelines for members
| 1. | Institutional shareholders (i.e. other
than individuals, HUF, NRI etc.) are required to send scanned certified true copy (PDF/JPG
format) of the relevant board resolution/authority letter etc. with attested specimen signature
of the duly authorized signatory(ies) who are authorized to vote, to the Scrutinizer by e-mail
to info@mehta-mehta.com with a copy marked to evoting@nsdl.co.in. Institutional
shareholders (i.e. other than individuals, HUF, NRI etc.) can also upload their Board Resolution
/ Power of Attorney/ Authority Letter etc. by clicking on "Upload Board Resolution/
Authority Letter" displayed under "e-Voting" tab in their login. |
| 2. | It is strongly recommended not to share
your password with any other person and take utmost care to keep your password confidential.
Log-in to the e-voting website will be disabled upon five unsuccessful attempts to key in
the correct password. In such an event, you will need to go through the “Forgot User
Details/ Password” or “Physical User Reset Password” option available on
www.evoting.nsdl.com to reset the password. |
| 3. | In case of any queries, you may refer
the Frequently Asked Questions (FAQs) for shareholders and e-voting user manual for shareholders
available at the “downloads” section of www.evoting.nsdl.com or call on
toll free no.: +91-22-48867000 and +91-22-24997000 or e-mail your query to evoting@nsdl.co.in. |
| C) | Process for those shareholders whose email ids are not registered with the depositories for procuring user id and password and
registration of email ids for e-voting on the resolutions set out in this notice |
| 1. | In case shares are held in physical mode
please provide folio no., name of shareholder, scanned copy of the share certificate (front
and back), PAN (self-attested scanned copy of PAN card), AADHAR (self-attested scanned copy
of Aadhar Card) by email to the Company at shares@drreddys.com or to Registrar and
Transfer Agent (“RTA”) at bsshyd@bigshareonline.com. |
| 2. | In case shares are held in demat mode,
please provide DPID-CLID (16 digit DPID + CLID or 16 digit beneficiary ID), Name, client
master or copy of Consolidated Account statement, PAN (self-attested scanned copy of PAN
card), AADHAR (self-attested scanned copy of Aadhar Card) to shares@drreddys.com.
If you are an Individual shareholder holding securities in demat mode, you are requested
to refer to the login method explained at step 1 (A) i.e. Login method for e-voting
for Individual shareholders holding securities in demat mode. |
| 3. | Alternatively, shareholder/members may
send a request to evoting@nsdl.co.in for procuring user id and password for e-voting
by providing above mentioned documents. |
| 4. | In terms of SEBI circular dated December 9, 2020 on e-voting facilities provided by the listed companies,
individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories
and Depository Participants. Shareholders are required to update their mobile number and email ID correctly in their demat account in
order to access e-voting facility. |
Explanatory Statement pursuant to Section 102,
any other applicable provisions of the Companies Act, 2013 (hereinafter referred to as “Act”), the rules made thereunder,
as applicable, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as “SEBI Listing
Regulations”) and Secretarial Standard on General Meetings (hereinafter referred to as “SS-2”)
To approve sub-division/split of each equity share
of Rs. 5/- (Rupees five only) each into 5 (five) equity shares of Re. 1/- (Rupee one only) each and consequent alteration to the Memorandum
of Association of the Company
The Board of Directors at its Meeting held on July
27, 2024, approved, subject to the approval of members of the Company and statutory authority(ies), if any, the sub-division/ split of
equity shares of the Company, such that each equity share having face value of Rs. 5/- (Rupees five only) each, fully paid-up, be sub-divided
into 5 (five) equity shares having face value of Re. 1/- (Rupee one only) each, fully paid- up, ranking pari-passu in all respects with
effect from such date as may be fixed for this purpose by the Board (“Record Date”).
The Board of Directors took note that the proposed
sub-division/ spilt will make the equity shares of the Company more affordable, potentially increasing investor participation and therefore
it is in the best interest of the investors and the Company. Accordingly, the Board of Directors, recommends an Ordinary Resolution as
set out in the accompanying Notice for the approval of the members of the Company in accordance with the provisions of Section 61 and
other applicable provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
Presently, the Authorized Share Capital of the Company
is Rs. 1,450,000,000/- (Rupees One Hundred and Forty-five Crores Only) divided into 290,000,000 (Twenty-nine crores) Equity Shares of
Rs. 5/- (Rupees five only) each. The sub-division/ split of equity shares of the Company as aforesaid will require alteration to the existing
Capital Clause i.e., ‘Clause V’ of the Memorandum of Association of the Company. The Authorized Capital will consist of 1,450,000,000/-
(One Hundred and Forty-five Crores) Equity Shares of Re. 1/- (Rupee one only) each after the amendment. Such sub-division/ split shall
not be construed as reduction in share capital of the Company, in accordance with the applicable provisions of the Companies Act, 2013.
The sub-division/split of equity shares would, inter-alia,
require appropriate alterations, modifications and adjustments under following schemes of the Company, due to sub-division/ split of equity
shares of the Company
| i. | Dr. Reddy's Employees Stock Option scheme, 2002 |
| ii. | Dr. Reddy's Employees ADR Stock Option Scheme, 2007 |
| iii. | Dr. Reddy's Employees Stock Option Scheme, 2018 |
Further, the sub-division of equity shares would result
in an increase in the number of ADRs in order to maintain the existing ratio of 1 (One) ADR being equivalent to 1 (One) equity share.
Draft copy of the altered Memorandum of Association
of the Company and other documents would be available for inspection by the members, at the Company's registered office during business
hours on all working days till the end of e-voting period i.e., Thursday, September 12, 2024.
None of the Directors and Key Managerial Personnel
of the Company and their relatives are, in any way, concerned with or interested, financially or otherwise in the resolution set out in
this Postal Ballot Notice.
The Board of Directors recommends the resolution set
out herein this Postal Ballot Notice for approval of the members.
Registered Office
8-2-337, Road No. 3, Banjara Hills,
Hyderabad, Telangana- 500034, India
CIN: L85195TG1984PLC004507
Tel-91-40-49002900, Fax-91-40-49002999
Email: shares@drreddys.com
Website: www.drreddys.com
Place: Hyderabad
Date: July 27, 2024 |
By order of the Board
of Directors
For Dr. Reddy’s Laboratories
Limited
Sd/-
K Randhir Singh
Company Secretary, Compliance Officer
and Head-CSR
Membership No. F6621 |
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