EX-99.1 2 d367025dex991.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

March 21, 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 March 21, 2017

Sub: Clarification on news item appeared on ET NOW dated March 21, 2017 captioned ‘US FDA finds repeat observations from 2015 warning letter. Failed to maintain complete data to ensure compliance.’

This is with reference to your email dated March 21, 2017, seeking clarification on the above subject.

‘In this regard, the Company has already intimated the Stock Exchanges vide our letter dated March 8, 2017 stating that “The audit of our formulation facility at Duvvada, Vishakhapatnam, by the US FDA has been completed today. We have been issued a Form-483 with 13 observations, which we are addressing.”

We regularly inform all concerned on material events and at present we are not having any other information which is material to the Company’s operations or consolidated results.

Further, the movement in price of Company’s scrip is completely market driven and hence the Company has no comments to offer on share price movement.

However, as far as the 483 observations are concerned, the Company is preparing a comprehensive response and will submit it to the US FDA within the stipulated time.’

This is for your information and record.

With regards,

Sandeep Poddar

Company Secretary

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