EX-99.1 2 drr0109_ex99-1.htm

 

Exhibit 99.1

 

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

Emil : mail@drreddys.com

www.drreddys.com

 

March 24, 2019

 

BSE Limited

National Stock Exchange of India Limited

 

Dear Sir/Madam,

 

Ref.:Scrip Code: 500124 (BSE), DRREDDY (NSE)
Sub.:Results of voting through Postal Ballot pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

 

This is in reference to our letter dated February 21, 2019 enclosing the notice of Postal Ballot seeking approval of Members of the Company for continuation of directorship of Dr. Bruce L A Carter (DIN: 02331774) aged 75 years and further re-appoint him as a non-executive independent director for the second term of 3 (three) consecutive years.

 

In accordance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Special Resolution for continuation of directorship of Dr. Bruce L A Carter (DIN: 02331774) and further re-appoint him as a non-executive independent director for the second term of 3 (three) consecutive years has been approved by the Members of the Company with requisite majority. The approval is considered to have been received on the last date for receipt of duly completed Postal Ballot Forms and e-voting i.e. Saturday, March 23, 2019.

 

The summarized voting result of the Postal Ballot process (through e-voting and Postal Ballot), in the prescribed format, along with a copy of the Scrutinizer’s Report are enclosed herewith, for your information and records.

 

With regards,

 

/s/ Sandeep Poddar  
Sandeep Poddar  
Company Secretary  

 

Encl: a/a

 

CC:New York Stock Exchange (For information)-Stock code: RDY

National Securities Depositary Limited (NSDL)

 

   

 

 

DR. REDDY'S LABORATORIES LIMITED

 

Date of Postal Ballot Notice February 1, 2019
Voting Period February 22, 2019 to March 23, 2019
Cut-off date February 15, 2019
Total number of shareholders on cut-off date 1,21,141

 

Resolution 1: To approve continuation of directorship of Dr. Bruce L A Carter (DIN: 02331774) and further re-appoint him as a non-executive independent director for the second term of 3 (three) consecutive years.

Resolution required: (Ordinary / Special) Special Resolution
Whether promoter/promoter group are interested in the agenda/resolution ? No

 

Category  Mode of Voting 

No. of shares

held

(1)

  

No. of votes

polled

(2)

  

% of Votes

Polled on

outstanding

shares

(3)=[(2)/(1)]*100

  

No. of

Votes

in favor

(4)

  

No. of

Votes

against

(5)

  

% of Votes in

favour on votes

polled

(6)=[(4)/(2)]*100

  

% of Votes against

on votes

polled

(7)=[(5)/(2)]*100

 
Promoter & Promoter Group  E-voting        44,458,528    100.00    44,458,528    -    100.00    - 
   Poll   44,458,528    -    -    -    -    -    - 
   Postal Ballot        -    -    -    -    -    - 
   Total   44,458,528    44,458,528    100.00    44,458,528    -    100.00    - 
                                       
Public - Institutions  E-voting       81,230,802    76.31    77,946,765    3,284,037    95.96    4.04 
   Poll   106,452,338    -    -    -    -    -    - 
   Postal Ballot        314,007    0.30    314,007    -    100.00    - 
   Total   106,452,338    81,544,809    76.60    78,260,772    3,284,037    95.97    4.03 
                                       
Public-Non Institutions  E-voting        171,853    1.13    169,559    2,294    98.66    1.34 
   Poll   15,149,995    -    -    -    -    -    - 
   Postal Ballot        365,072    2.41    364,663    409    99.89    0.11 
   Total   15,149,995    536,925    3.54    534,222    2,703    99.50    0.50 
TOTAL      166,060,861    126,540,262    76.20    123,253,522    3,286,740    97.40    2.60 

 

 

 

   

 

 

Hyderabad | Gurgaon | Chennai | Mumbai | Amaravathi

R & A Associates

T 202, Technopolis, 1-10-74/8,

Above Ratnadeep Super Market,

Chikoti Gardens, Begumpet,

Hyderabad - 500016, India.

+91 40-4003 2244 - 47

info@RnA-cs.com | www.RnA-cs.com

 

March 24, 2019

 

To

The Chairman

Board of Directors

Dr. Reddy’s Laboratories Limited

(CIN: L85195TG1984PLC004507)

8-2-337, Road No.3, Banjara Hills,

Hyderabad-500034, Telangana.

 

Dear Sir,

 

Sub: Scrutinizer’s Report on Postal Ballot including e-voting

 

Pursuant to the resolution passed by the Board of Directors of Dr. Reddy’s Laboratories Limited (Company), I was appointed as “Scrutinizer” to receive, process and scrutinize the postal ballot including e-voting process in a fair and transparent manner pursuant to Section 110 of the Companies Act, 2013 (Act) read with the Companies (Management and Administration) Rules, 2014 and in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement), Regulations, 2015 on the below resolution contained in the postal ballot notice dated February 1, 2019:

 

1.Special Resolution: To approve continuation of directorship of Dr. Bruce L A Carter (DIN: 02331774) and further re-appoint him as a non-executive independent director for the second term of 3 (three) consecutive years.

 

The Management of the Company is responsible to ensure the compliance with the requirements of the Act and the Rules and SEBI Listing Regulations relating to postal ballot voting process including e-voting for the resolution contained in the postal ballot notice dated February 1, 2019. My responsibility as a Scrutinizer is to ensure that postal ballot voting process including e-voting is carried out in a fair and transparent manner and to make a Scrutinizer’s Report thereon.

 

I submit my report as under:

 

1.The Company has on February 21, 2019 completed the dispatch/sending of emails of notice of postal ballot dated February 1, 2019, postal ballot form along with postage prepaid business reply envelope to its members whose names appeared on the Register of Members / List of Beneficiaries as received from the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) as on February 15, 2019 (“cutoff date”) these shareholders were entitled to vote.

 

 

  Page 1 of 3

 

 

Continuation sheet

 

2.The voting commenced on Friday, February 22, 2019 (9.00 AM IST) and ended on Saturday, March 23, 2019 (5.00 PM IST) for physical ballot as well as e-voting.

 

3.The e-voting facility was provided by National Securities Depository Limited (NSDL) and necessary technical support was provided by Bigshare Services Private Limited, Hyderabad, the Registrar and Transfer Agent (RTA) of the Company, for processing postal ballot forms.

 

4.Particulars of the postal ballot forms received including the votes casted through e-voting from / by the members have been entered in a Register separately maintained for the purpose.

 

5.The postal ballot forms were kept under my safe custody in sealed and tampered-proof ballot boxes before commencing the scrutiny of such postal ballot forms.

 

6.At 5.15 PM on Saturday, March 23, 2019, I have downloaded the e-voting Report from the National Securities Depository Limited (NSDL) website viz., www.evoting.nsdl.com.

 

7.The ballot boxes were opened at 5:30 PM on Saturday, March 23, 2019 in my presence and in the presence of two witnesses who were not employees of the Company.

 

8.The postal ballot forms were duly opened in my presence and scrutinized. The ballot papers received were reconciled with the records maintained by the Company/ RTA and the authorizations / Power of Attorney etc. The shareholding was also scrutinized for the purpose of eliminating duplicate voting, i.e. e-voting as well as by physical postal ballot form voting.

 

9.All postal ballot forms received / votes casted up to 5.00 PM on Saturday, March 23, 2019 being the last date and time fixed by the Company for receipt of the forms / e-voting were considered for scrutiny.

 

10.No business reply envelopes containing the postal ballot forms were received after 5.00 PM on Saturday, March 23, 2019.

 

11.Envelopes containing the postal ballot forms returned undelivered were not opened and they were kept separately.

 

12.I did not find any defaced or mutilated ballot papers/forms.

 

13.Invalid ballots were marked and segregated.

 

14.The results of postal ballot voting including e-voting are given as ‘Annexure-I’ to this report.

 

 

  Page 2 of 3

 

 

Continuation sheet

 

Based on combined results, I report that, resolution no. 1 as per the postal ballot notice dated February 1, 2019, being special resolution was passed with requisite majority as the number of votes casted in favour of the resolution is more than three (3) times the number of votes casted against.

 

15.The postal ballot forms and other related papers/registers and records are under my safe custody until the Chairman considers, approves and signs the result and minutes of the postal ballot.

 

Thanking you,

 

  For R & A Associates
   
  /s/ G. Raghu Babu
  (G. Raghu Babu)
Place: Hyderabad Partner
Date: March 24, 2019 FCS No. F4448, CP No. 2820
   
   
Witness -1: Witness -2:

 

Signature: /s/ Tantapureddy Suresh   Signature: /s/ Suraj Garg
Name: Tantapureddy Suresh   Name: Suraj Garg

 

 

 

  Page 3 of 3

 

 

Dr. Reddy’s Laboratories Limited - Scrutinizer’s Report on Postal Ballot including e-voting

 

Annexure-I

 

                 Votes in favour of the                    
         No. of ballots   Total no. of votes   resolution   Votes against the resolution   Invalid Votes    
S No  Description  Mode of Voting  received   cast   No’s   %   No’s   %   No’s   %   Remarks
1  Special Resolution: To approve continuation of directorship of Dr. Bruce L A Carter (DIN: 02331774) and further re-appoint him as a non-executive independent director for the second term of 3 (three) consecutive years  E-Voting   1236    12,58,61,183    12,25,74,852    97.39%   32,86,331    2.61%   0    0.00%  Special Resolution was passed with requisite majority as the number of votes casted in favour of the resolution is more than three (3) times the number of votes against.
      Physical Ballot   242    6,79,136    6,78,670    99.93%   409    0.06%   57    0.01%   
      Total   1478    12,65,40,319    12,32,53,522    97.40%   32,86,740    2.60%   57    0.00%