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DR REDDYS LABORATORIES LTD Capital/Financing Update 2024
30528_rns_2024-05-06_7ee3a72c-2686-4160-869c-4766b363758e.pdf
Capital/Financing Update
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May 6, 2024
National Stock Exchange of India Ltd. (Scrip Code: DRREDDY-EQ) BSE Ltd. (Scrip Code: 500124) New York Stock Exchange Inc. (Stock Code: RDY) NSE IFSC Ltd. (Stock Code: DRREDDY)
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
This is to inform that the Nomination, Governance and Compensation Committee of the Board of Directors of the Company at its meeting held on May 6, 2024, has approved the grant of stock options to the eligible employees under the Employees Stock Option Schemes of the Company:
| Sl. | Typeof | Number | Value | Exercise | ESOP Scheme |
|---|---|---|---|---|---|
| No. | Option(s) | of options | Priceper | ||
| granted | share | ||||
| 1 | IndianStock | *1,37,160 | Fair Market | Rs. 6,350/- | Dr. Reddy's |
| Options | # | Value | Employees Stock | ||
| 3,210 | Option Scheme, 2018 | ||||
| 2 | American | *54,462 Fair Market | Rs. 6,350/- | Dr. Reddy's | |
| Depository | Value | Employees | |||
| Receipts | ADR Stock Option | ||||
| (ADRs) Stock | Scheme, 2007 | ||||
| Options |
* 100% vesting at the end of 3 years. #Equally graded vesting in 3 years.
This is for your information and records.
Thanking you.
Yours faithfully, For Dr. Reddy's Laboratories Limited
KUMAR RANDHIR SINGH
Digitally signed by KUMAR RANDHIR SINGH Date: 2024.05.06 18:19:45 +05'30'
K. Randhir Singh Company Secretary, Compliance Officer & Head-CSR