EX-99.1 2 d389560dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO   

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

 

June 15, 2017   
Surveillance 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
Fax Nos.: 022-22723121 / 22723719 /    Fax Nos.: 022-26598120/ 26598237/
                  22722037 / 22722039                      26598238
Scrip Code: 500124    Scrip Code: DRREDDY-EQ

Dear Sirs,

Ref.: Your email dated June 14, 2017

Sub: Clarification on news item appearing in Business Standard dated June 14, 2017 captioned ‘Dr Reddy’s recalls 3.25L cartons Cipla-made acne drug from US.’

This is with reference to your email dated June 14, 2017, seeking clarification on the above subject.

In this regard, we would like to state that the Company has voluntarily recalled Cipla-made Zenatane (isotretinoin) capsules used for treatment of severe acne, from the US markets. This recall is in conformance with our quality assurance norms.

The Company believes that recall of products by the Company is a usual activity in the normal course of pharmaceutical industries’ business operations. Further, the overall impact on the Company’s financials of this recall is not likely to be significant.

We regularly inform all concerned on material events and presently do not have any other information which is material to the Company’s operations or consolidated results.

This is for your information.

With regards,

 

/s/ Sandeep Poddar            

Sandeep Poddar

Company Secretary

CC: New York Stock Exchange Inc.(Stock Code: RDY)