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
- 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:
- K Satish Reddy G V Prasad Kalpana Morparia
4. Dr. Bruce LA Carter
5. | Sridar Iyengar |
Bharat Narotam Doshi |
- Prasad R Menon
- Leo Puri
Shikha Sharma
10. Allan Oberman
- Dr. Omkar Goswami (till 30 July 2019)
- Anupam Puri (till 26 July 2019)
- M V Ramana
- Saumen Chakraborty
- Ganadhish Kamat
- Anil Namboodiripad
- Archana Bhaskar
- Sanjay Sharma
- Sauri Gudlavalleti
- P Yugandhar
- Erez Israeli
- Dr. Raymond de Vre
- Deepak Sapra
- Marc Kikuchi
- Patrick Aghanian (from 7 October 2019)
- 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
Attachments
- Original document
- Permalink
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