DR. REDDY'S LABORATO

500124
End-of-day quote. End-of-day quote  - 01/19
5086.95INR +0.68%

Dr Reddy Laboratories : Half yearly disclosure of related party transactions - Sept 2020

11/20/2020 | 05:41am

Dr. Reddy's •·· �;•

Dr. Raddy'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

November 19, 2020

Corporate Relationship Department

National Stock Exchange of India Ltd.

BSE Limited

"Exchange Plaza"

Dalal Street, Fort

Bandra-Kurla Complex, Bandra (East),

Mumbai-400 001

Mumbai-400 051

Scrip Code: 500124

Scrip Code: DRREDDY-EO

Dear Sirs,

Sub: Disclosure of related party transactions for the half year ended September 30, 2020.

Pursuant to Regulation 23(9) of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the applicable disclosure on related party transactions for the half year ended September 30, 2020, in the requisite format.

This is for your information and records.

With regards,

,D. ,,./

��,

(

7.1

....

y Secretary

Encl: as above

•••

Dr.Reddy's �;•

Disclosure of Related Party Transactions on Consolidated Basis

  1. In accordance with the provisions of Ind AS 24, Related Party Disclosures and the Companies Act, 2013, Company's Directors, members ofthe Company's Management Council and Company Secretmy are considered as Key Managerial Personnel.

List of Key Managerial Personnel of the Company is as below:

  1. K Satish Reddy G V Prasad Kalpana Morparia

4. Dr. Bruce LA Carter

5.

Sridar Iyengar

Bharat Narotam Doshi

  1. Prasad R Menon
  2. Leo Puri

Shikha Sharma

10. Allan Oberman

  1. Dr. Omkar Goswami (till 30 July 2019)
  1. Anupam Puri (till 26 July 2019)
  2. M V Ramana
  3. Saumen Chakraborty
  4. Ganadhish Kamat
  5. Anil Namboodiripad
  6. Archana Bhaskar
  7. Sanjay Sharma
  8. Sauri Gudlavalleti
  9. P Yugandhar
  10. Erez Israeli
  11. Dr. Raymond de Vre
  12. Deepak Sapra
  13. Marc Kikuchi
  14. Patrick Aghanian (from 7 October 2019)
  15. Sandeep Poddar

Whole-time director (Chairman)

Whole-time director (Co-Chairman and Managing Director) Independent director

Independent director Independent director Independent director Independent director Independent director Independent director Independent director Independent director Independent director Management council member Management council member Management council member Management council member Management council member Management council member Management council member Management council member

CEO and management council member Management council member Management council member Management council member Management council member Company secretary

Dr. Reddy's •·· �;•

b)List ofrelated parties with whom transactions have taken place during the current and/or previous year:

1. K Samrajyam

Mother ofChairman

2.

K Deepti Reddy

Spouse ofChairman

3. G Anuradha

Spouse ofCo-chairman

4.

G Mallika Reddy

Daughter ofCo-chairman

5.

G V Sanjana Reddy

Daughter ofCo-chairman

6. Akhil Ravi

Son-in-lawofCo-chairman

7. Kunshan Rotam Reddy Pharmaceuticals

Enterprise over which the Company exercises joint control with

Company Limited

other joint venture partners and holds 51.33% of equity shares

8.

ORES Energy Private Limited

Enterprise over which the Company exercises joint control with

other joint venture partners and holds 26% of equity shares

9. Dr. Reddy's Institute ofLife Sciences

Enterprise over which whole-time directors have significant

influence

10.Stamlo Industries Limited

Enterprise controlled by whole-time directors

11. Indus Projects Private Limited

Enterprise over which relatives ofwhole-time directors have

significant influence

12.CERG Advisory Private Limited

Enterprise controlled by (erstwhile) Key Managerial Personnel

(till 30 July 2019)

13.AverQ Inc.,USA

Enterprise over which Key Managerial Personnel have significant

influence

14.Shravya Publications Pvt. Ltd.

Enterprise over which whole-time directors and their relatives

have significant influence

15.Cancelled Plans LLP

Enterprise over which relatives ofwhole-time directors have

significant influence

16.Araku Originals Private Limited

Enterprise over which whole-time directors have significant

influence

17.Dr. Reddy's Foundation

Enterprise over which whole-time directors and their relatives

have significant influence

18.Pudami Educational Society

Enterprise over which whole-time directors and their relatives

have significant influence

19.Green Park Hospitality Services Private

Enterprise controlled by relative ofa whole-time director

Limited

20.Green Park Hotels and Resorts Limited

Enterprise controlled by relative ofa whole-time director

Further, the Company contributes to the Dr. Reddy's Laboratories Gratuity Fund, which maintains the plan assets of the Company's Gratuity Plan for the benefit ofits employees.

Dr. Reddy's •·· �;•

c) The following is a summary of significant related party transactions:

Particulars

Research and development services received

Or.Reddy's Institute of Life Sciences

Research and development services provided

Kunshan Rotam Reddy Pharmaceuticals Company Limited

Contributions towards social development

Or.Reddy's Foundation

Pudami Educational Society

Total

Catering services

Green Park Hospitality Services Private Limited

Facility management services paid

Green Park Hospitality Services Private Limited

Hotel expenses

Green Park Hotel and Resorts Limited

Stamlo Industries Limited

Total

Civil works

Indus Projects Private Limited

Sales of goods

Kunshan Rotam Reddy Pharmaceuticals Company Limited

Lease rentals paid to

Key Managerial Personnel

K Satish Reddy

Relatives ofKey Managerial Personnel

Total

Lease rentals received

ORES Energy Private Limited

Purchase of Solar power

ORES Energy Private Limited

Salaries to relatives of Key Managerial Personnel

Other services received

Remuneration to Key Managerial Personnel

Salaries and other benefits<1l

Contributions to defined contribution plans

Commission to directors

Share-based payments expense

Total

All amounts in INR millions

For the half year

For the half year

ended

ended

30-. e -2020

30-Se-2019

52

78

58

108

110

8

8

116

118

139

175

18

3

8

3

4

11

15

48

21

1 I

7

7

12

11

19

18

68

5

4

3

317

320

17

17

170

130

122

79

626

546

•··

Dr.Reddy's �;•

d) The Company has the following amounts due from/ to related parties:

Particulars

Due from related parties

Key Managerial Personnel (towards rent deposits) Green Park Hospitality Services Private Limited ORES Energy Private Limited

Kunshan Rotam Reddy Pharmaceuticals Company Limited

Total

Due to related parties

Indus Projects Private Limited

Green Park Hospitality Services Private Limited

Dr. Reddy's Foundation

Green Park Hotel and Resorts Limited

Stamlo Industries Limited

Total

*Rounded offto millions.

As at 30-Se-2020

8

36

10

54

17

16

16

*

49

As at 30-Se -2019

8

55

19

32

114

15

6

-*-*

21

Disclaimer

Dr. Reddy's Laboratories Limited published this content on 20 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2020 10:40:04 UTC

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