DR REDDYS LABORATORIES LTD — Capital/Financing Update 2025

May 9, 2025

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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 Web: www.drreddys.com

May 9, 2025

National Stock Exchange of India Ltd. (Scrip Code: DRREDDY) BSE Ltd. (Scrip Code: 500124) New York Stock Exchange Inc. (Stock Code: RDY) NSE IFSC Ltd. (Stock Code: DRREDDY)

Dear Sir/Madam,

Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

This is to inform that the Nomination, Governance and Compensation Committee of the Board of Directors of the Company at its meeting held on May 8 & 9, 2025, has approved the grant of stock options to the eligible employees under the Employees Stock Option Schemes of the Company:

Sl. No.	Type of Option(s)	Number of options granted	Value	Exercise Price per share	ESOP Scheme
1	Indian Stock Options	9,15,763	Fair Market Value	Rs. 1,162/-	Dr. Reddy’s Employees Stock Option Scheme, 2018
2	American Depository Receipts (ADRs) Stock Options	3,53,057	Fair Market Value	Rs. 1,162/-	Dr. Reddy's Employees ADR Stock Option Scheme, 2007

This is for your information and records.

Thanking you.

Yours faithfully,

For Dr. Reddy’s Laboratories Limited

KUMAR Digitally signed by KUMAR RANDHIR RANDHIR SINGH Date: 2025.05.09 SINGH 16:51:25 +05'30' K. Randhir Singh

Company Secretary, Compliance Officer & Head-CSR

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BRIEF DETAILS ON THE GRANT OF STOCK OPTIONS

(Pursuant to SEBI Master Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024)

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S.No Particulars Details
1. Brief details of options Grant of 9,15,763 under Grant of 3,53,057 stock
granted Dr. Reddy’s Employees options under Dr. Reddy's
Stock Option Scheme, Employees ADR Stock
2018, to the eligible Option Scheme, 2007 to
employees of the the eligible employees of
company. the company.
2. Whether the scheme is in Yes Yes
terms of the SEBI (Share
Based Employee Benefits and
Sweat Equity) Regulations,
2021 (if applicable)
3. Total number of shares 9,15,763 3,53,057
covered by these options
4. Pricing formula/ Exercise Rs.1,162 per stock option Rs.1,162 per stock option
Price / Grant Price
5. Options vested / vesting 100% vesting at the end 100% vesting at the end of
schedule of 3 years 3 years
6. Time within which option According to respective According to respective
may be exercised vesting schedule vesting schedule
7. Brief details of significant Stock options granted are Stock options granted are
terms governed under the Dr. governed under the Dr.
Reddy’s Employees Reddy's Employees
Stock Option Scheme, ADR Stock Option
2018, which is Scheme, 2007, which
administered and is administered and
implemented by the implemented by the
Nomination, Governance Nomination, Governance
& Compensation & Compensation
Committee Committee
8. Options exercised Not Applicable Not Applicable
9. Money realized by exercise of
options
10. The total number of shares
arising as a result of exercise
of option
11. Options lapsed
12. Variation of terms of options
13. Subsequent changes or
cancellation or exercise of
such options
14. Diluted earnings per share
pursuant to issue of equity
shares on exercise of options
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