EX-99.1 2 drr043_ex99-1.htm

 

Exhibit 99.1

 

 

Dr. Reddy’s Laboratories Ltd.
8-2-337, Road No. 3, Banjara Hills,
Hyderabed – 500 034, Telangana,
India.

CIN : L85195TG1984PLC004507

 

Tel     : +91 40 4900 2900

Fax     : +91 40 4900 2999
Email : mail@drreddys.com
www.drreddys.com

 

June 14, 2018

 

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
Fax Nos.: 022-22723121 / 22723719 / Fax Nos.: 022-26598120/ 26598237/
 22722037 / 22722039  26598238
   
Scrip Code: 500124 Scrip Code: DRREDDY-EQ

 

Dear Sirs,

Sub: Resignation of Independent Director

 

This is to inform you that Mr. Hans Peter Hasler, Independent Director (DIN: 07535056) has resigned from the Company’s Board of Directors, with effect from June 14, 2018.

 

Having served as an Independent Director on the Company’s Board since June 2016, Mr. Hasler has decided to actively engage in a business opportunity which could pose a potential conflict of interest vis-à-vis his position as a Director of Dr. Reddy’s. In order to avoid this, he has decided to tender his resignation.

 

The Board places on record the valuable services rendered by Mr. Hasler during his tenure as a Director of the Company and expresses its deep sense of appreciation and gratitude for the same.

 

This is for your information and records.

 

With regards,

 

/s/ Sandeep Poddar  
Sandeep Poddar  
Company Secretary  

 

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