Dr Reddy Laboratories : Half yearly disclosure of related party transactions - Sept 2020

Dr. Reddy's •·· �;•

Dr. Raddy'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

November 19, 2020
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
Scrip Code: 500124	Scrip Code: DRREDDY-EO
Dear Sirs,

Sub: Disclosure of related party transactions for the half year ended September 30, 2020.

Pursuant to Regulation 23(9) of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the applicable disclosure on related party transactions for the half year ended September 30, 2020, in the requisite format.

This is for your information and records.

With regards,
,D. ,,./
��,	(
7.1	....	y Secretary

Encl: as above

•••

Dr.Reddy's �;•

Disclosure of Related Party Transactions on Consolidated Basis

In accordance with the provisions of Ind AS 24, Related Party Disclosures and the Companies Act, 2013, Company's Directors, members ofthe Company's Management Council and Company Secretmy are considered as Key Managerial Personnel.

List of Key Managerial Personnel of the Company is as below:

K Satish Reddy G V Prasad Kalpana Morparia

4. Dr. Bruce LA Carter

5.	Sridar Iyengar
	Bharat Narotam Doshi

Prasad R Menon
Leo Puri

Shikha Sharma

10. Allan Oberman

Dr. Omkar Goswami (till 30 July 2019)

Anupam Puri (till 26 July 2019)
M V Ramana
Saumen Chakraborty
Ganadhish Kamat
Anil Namboodiripad
Archana Bhaskar
Sanjay Sharma
Sauri Gudlavalleti
P Yugandhar
Erez Israeli
Dr. Raymond de Vre
Deepak Sapra
Marc Kikuchi
Patrick Aghanian (from 7 October 2019)
Sandeep Poddar

Whole-time director (Chairman)

Whole-time director (Co-Chairman and Managing Director) Independent director

Independent director Independent director Independent director Independent director Independent director Independent director Independent director Independent director Independent director Management council member Management council member Management council member Management council member Management council member Management council member Management council member Management council member

CEO and management council member Management council member Management council member Management council member Management council member Company secretary

Dr. Reddy's •·· �;•

b)List ofrelated parties with whom transactions have taken place during the current and/or previous year:

1. K Samrajyam
		Mother ofChairman
2.	K Deepti Reddy	Spouse ofChairman
3. G Anuradha	Spouse ofCo-chairman
4.	G Mallika Reddy	Daughter ofCo-chairman

5.	G V Sanjana Reddy	Daughter ofCo-chairman

6. Akhil Ravi	Son-in-lawofCo-chairman
7. Kunshan Rotam Reddy Pharmaceuticals	Enterprise over which the Company exercises joint control with
	Company Limited	other joint venture partners and holds 51.33% of equity shares
8.	ORES Energy Private Limited	Enterprise over which the Company exercises joint control with
			other joint venture partners and holds 26% of equity shares
9. Dr. Reddy's Institute ofLife Sciences	Enterprise over which whole-time directors have significant
			influence
10.Stamlo Industries Limited	Enterprise controlled by whole-time directors
11. Indus Projects Private Limited	Enterprise over which relatives ofwhole-time directors have
			significant influence
12.CERG Advisory Private Limited	Enterprise controlled by (erstwhile) Key Managerial Personnel
			(till 30 July 2019)
13.AverQ Inc.,USA	Enterprise over which Key Managerial Personnel have significant
			influence
14.Shravya Publications Pvt. Ltd.	Enterprise over which whole-time directors and their relatives
			have significant influence
15.Cancelled Plans LLP	Enterprise over which relatives ofwhole-time directors have
			significant influence
16.Araku Originals Private Limited	Enterprise over which whole-time directors have significant
			influence
17.Dr. Reddy's Foundation	Enterprise over which whole-time directors and their relatives
			have significant influence
18.Pudami Educational Society	Enterprise over which whole-time directors and their relatives
			have significant influence
19.Green Park Hospitality Services Private	Enterprise controlled by relative ofa whole-time director
	Limited
20.Green Park Hotels and Resorts Limited	Enterprise controlled by relative ofa whole-time director

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 ofits employees.

Dr. Reddy's •·· �;•

c) The following is a summary of significant related party transactions:

Particulars

Research and development services received

Or.Reddy's Institute of Life Sciences

Research and development services provided

Kunshan Rotam Reddy Pharmaceuticals Company Limited

Contributions towards social development

Or.Reddy's Foundation

Pudami Educational Society

Total

Catering services

Green Park Hospitality Services Private Limited

Facility management services paid

Green Park Hospitality Services Private Limited

Hotel expenses

Green Park Hotel and Resorts Limited

Stamlo Industries Limited

Total

Civil works

Indus Projects Private Limited

Sales of goods

Kunshan Rotam Reddy Pharmaceuticals Company Limited

Lease rentals paid to

Key Managerial Personnel

K Satish Reddy

Relatives ofKey Managerial Personnel

Total

Lease rentals received

ORES Energy Private Limited

Purchase of Solar power

ORES Energy Private Limited

Salaries to relatives of Key Managerial Personnel

Other services received

Remuneration to Key Managerial Personnel

Salaries and other benefits<1l

Contributions to defined contribution plans

Commission to directors

Share-based payments expense

Total

All amounts in INR millions

For the half year	For the half year
ended	ended
30-. e -2020	30-Se-2019
52	78
	58
108	110
8	8
116	118
139	175
18
3	8
	3
4	11
15	48
21	1 I
7	7
12	11
19	18

68
5	4
	3
317	320
17	17
170	130
122	79
626	546

•··

Dr.Reddy's �;•

d) The Company has the following amounts due from/ to related parties:

Particulars

Due from related parties

Key Managerial Personnel (towards rent deposits) Green Park Hospitality Services Private Limited ORES Energy Private Limited

Kunshan Rotam Reddy Pharmaceuticals Company Limited

Total

Due to related parties

Indus Projects Private Limited

Green Park Hospitality Services Private Limited

Dr. Reddy's Foundation

Green Park Hotel and Resorts Limited

Stamlo Industries Limited

Total

*Rounded offto millions.

As at 30-Se-2020

As at 30-Se -2019

114

-*-*

Attachments

Disclaimer

Dr. Reddy's Laboratories Limited published this content on 20 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2020 10:40:04 UTC

MarketScreener Homepage > Equities > MUMBAI STOCK EXCHANGE > Dr. Reddy's Laboratories Limited 500124 INE089A01023

DR. REDDY'S LABORATORIES LIMITED

Dr Reddy Laboratories : Half yearly disclosure of related party transactions - Sept 2020

Send by mail :