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Related parties
12 Months Ended
Mar. 31, 2022
Disclosure of transactions between related parties [abstract]  
Related parties
29
. Related parties
 
The Company has entered into transactions with the following related parties:
 
·
Green Park Hotel and Resorts Limited for hotel services;
·
Green Park Hospitality Services Private Limited for catering and other services;
·
Dr. Reddy’s Foundation towards contributions for social development;
·
Kunshan Rotam Reddy Pharmaceuticals Company Limited for sales of goods and for research and development services;
·
Pudami Educational Society towards contributions for social development;
·
Indus Projects Private Limited for engineering services relating to civil works;
·
CERG Advisory Private Limited for professional consulting services;
·
Dr. Reddy’s Institute of Life Sciences for research and development services;
·
AverQ Inc. for professional consulting services;
·
Shravya Publications Private Limited for professional consulting services;
·
Samarjita Management Consultancy Private Limited for professional consulting services;
·
Cancelled Plans LLP for the sale of scrap materials;
·
Araku Originals Private Limited for the purchase of coffee powder;
·
DRES Energy Private Limited for the purchase of solar power; and
·
Stamlo Industries Limited for hotel services.
 
These are enterprises over which key management personnel have control or significant influence. “Key management personnel” consists of the Company’s Directors and members of the Company’s Management Council.
 
The Company has also entered into cancellable operating lease transactions with key management personnel and close members of their families.
 
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 of its employees. See Note 2
7
 of these consolidated financial statements for information on transactions between the Company and the Gratuity Fund.
The following is a summary of significant related party transactions:
 
 
 
For the Year Ended March 31,
 
 
 
2022
 
 
2021
 
 
2020
 
Catering expenses paid 
  Rs. 319     Rs. 301     Rs. 344  
Contributions towards social development
    230       232       233  
Research and development services received
    122       105       105  
Purchase of solar power
    124       127       108  
Professional consultancy services paid
    75       30       4  
License fee
    57       -       -  
Civil works
    52       55       101  
Lease rentals paid 
    39       37       35  
Facility management services paid     36       36       24  
Sale of goods
    21       22       14  
Hotel expenses paid 
    18       8       22  
Salaries to relatives of key management personnel
    12       8       7  
Lease rentals received
    1       1       1  
Research and development services provided
    -       93       58  
Others     -       -       - *
 
* Rounded to the nearest million.
 
The Company had the following amounts due from related parties:
 
 
 
As of March 31,
 
 
 
2022
 
 
2021
 
Key management personnel and close members of their families   Rs. 8     Rs. 8  
Other related parties     1       72  
 
The Company had the following amounts due to related parties:
 
 
 
As of March 31,
 
 
 
2022
 
 
2021
 
Due to related parties   Rs. 10     Rs. 93  
 
The following table describes the components of compensation paid or payable to key management personnel for the services rendered during the applicable year ended:
 
 
 
For the Year Ended March 31,
 
 
 
2022
 
 
2021
 
 
2020
 
Salaries and other benefits   Rs. 627     Rs. 803     Rs. 684  
Contributions to defined contribution plans     30       34       34  
Commission to directors     305       301       298  
Share-based payments expense     214       259       165  
 
 
Rs.
1,176
 
 
Rs.
1,397
 
 
Rs.
1,181
 
 
Some of the key management personnel of the Company are also covered under the Company’s Gratuity Plan along with the other employees of the Company. Proportionate amounts of gratuity accrued under the Company’s Gratuity Plan have not been separately computed or included in the above disclosure.