DR REDDYS LABORATORIES LTD — Proxy Solicitation & Information Statement 2023

Oct 18, 2023

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October 18, 2023

National Stock Exchange of India Ltd. (Stock Code: DRREDDY-EQ) BSE Ltd. (Stock Code: 500124)

Dear Sirs/Madam,

Sub: Postal Ballot Notice- Advertisement

Pursuant to Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended, and further to our intimation dated October 16, 2023, please find enclosed copies of newspaper advertisement regarding dispatch of notice of postal ballot and e-voting information as published in Business Standard on October 17, 2023, and Nava Telangana on October 18, 2023.

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: 2023.10.18 SINGH 17:41:41 +05'30'

K Randhir Singh

Company Secretary, Compliance Officer & Head-CSR

Encl: as above

TAKE TWO 13 ~~<~~

HYDERABAD | TUESDAY, 17 OCTOBER 2023

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AWAR CRYFOR 50%

Maruti’srisetonumber1inSUVsistheresultofarejigthatbegan fouryearsagotocornerhalfthemarket

executive officer, marketing and sales, repositioning a large company. with Maruti. “Earlier, people went for functionality, and With the share of SUVs in the overall market our communication was targeted at that. With nearing 50 per cent, Maruti had to increase its the Nexa range of outlets, the communication presence in this segment to realise its ambition became aspirational, more edgy,” says of owning half the passenger vehicle market, Srivastava. Along the way came a new design says Srivastava. DNA (more contemporary) and features (360Thelatestfigureswouldhavereassuredhim degree cameras, sunroofs, etc). Indeed, Maruti thatthewarcrywasnotsoundinghollow. is now seen to be speaking in a different Maruti’sshareoftheSUVmarkethasgrownfrom language with its consumers. amodest8.5percentshareinthefirstquarterof “The Vitara buyer is a slightly mature FY23toalmost21.7percentinthesecondquarter individual, already a car-owner and a ofthecurrentfinancialyear.Intheprocess,ithas replacement buyer,” says Srivastava. The overtakentheentrenchedSUVwarriors,suchas Brezza owner matches the profile of a Tata MahindraandMahindra(21.4per Nexon buyer; Brezza is the first car cent),HyundaiMotorsIndia for 31 per cent of its buyers. (18.6percent),andTataMotors Smallisstillbeautiful (17.2percent),tobecomethe largestinthesegment. Hatchbacks It is not that Maruti is moving Motilal Oswal, the brokerage, still constitute away from small cars completely. noted in a September report: 30 per cent of “Our strategy is clear: “MSIL reinforced its SUV product the passenger Dominate the entry-level hatch portfolio with the launch of the vehicle market. (Alto, Celerio, SPresso), Brezza and Grand Vitara. Further, The top three consolidate in the mid-segment the recently launched Jimny and cars in India (Baleno, Dzire), and nibble Fronx will help MSIL expand its are still small away from the top (SUVs),” presence in the SUV segment.” says Srivastava. cars: Swift, Hatchbacks still constitute MARUTI’S Anewlanguage Baleno and 30 per cent of the passenger SUV PLAY Averagepricerealisation(in~’000s) SUVshareinPVsegmentinlast4yearsnMSIL nIndustry(in%) 48.3 MSILshareinSUVmarket TheGrandVitarahassoldmorethan100,000unitssinceitslaunchinSeptember2022.Itsymbolises WagonR.Incidentally,all three are vehicle market. The top three carsin India are still small cars: Swift,Baleno and WagonR. Incidentally, MSIL’saveragepricerealisationhasbeengoingupsteadily 40.1 43.0 nFY21 nFY22 nFY23 theresultsofaconcertedplanthat Maruti models all three are Maruti models. The astheshareofSUVsincreasedinitsPVsales 32.0 nFY24YTD (in%) wasputinmotionfouryearsago, company has a 90 per cent share whenMarutiwasstillperceivedto of entry-level hatches. Other beabigsmallcarcompany players exited the segment as it appealingtothevalue-conscious became unviable for them. Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 customer.Oneofitsmostfamousadvertising “About 45 to 47 per cent of car buyers 540 552 598 599 619 campaignswastheoneinwhichsomeoneasked, in India are still first-time buyers, and this 8.9 10.1 12.6 24.9 “ Kitnadetihai ”,orhowmanykilometrestoa ratio has not changed in the last 20 years,” 2020-21 2021-22 2022-23 YTD2023-24 Source: Industry litreoffuel. says Srivastava. “We had our ears on the ground. We Analysts say changing the game plan would Source:Company,KRChokseyResearch Source: Industry showcased the Brezza, an entry-level SUV, require Maruti to change its manufacturing at the 2010 Auto Expo. It took us time to strategy. Motilal Oswal points out that unlike build the portfolio and get our products in the double-digit growth in the Chinese the market,” says Srivastava. passenger vehicle market in the past, Maruti SOHINIDAS trips, these things matter more. What An MSIL dealer, however, has a expects a 6 per cent compound annual growth Mumbai,16October matters just as much is that all the different view. “Maruti continued to rate until FY31 for the Indian passenger vehicle daughter’s friends move around in believe in the strategy of dominating industry. It adds that Maruti, which is looking he chief executive officer (CEO) of a SUVs. That settled it. the small-car market and felt the to nearly double its capacity to 4 million units healthcare service provider recently The Indian passenger vehicle market Indian consumer would never really by FY31, is restructuring its production travelled from Mumbai to Goa and is indeed in a sweet spot for SUVs. An move away from buying entry-level facilities to conform to the new realities T back in his six-year-old sedan. His ever-increasing mass of car buyers is cars as their first,” says the dealer, who (read lower growth). 12-year-old daughter was with him. Soon after opting for SUVs for the factors that has been selling Maruti cars for more KRChoksey Research says the product mix returning to Mumbai, the CEO traded in his swayed the healthcare CEO. Several are than a decade. is set to improve with the easing of sedan for a sports utility vehicle (SUV) rated lured by the perception that SUVs can be Nevertheless, the turnaround semiconductor supply, leading to more five stars on safety. “statement” vehicles, indicating that you has been remarkable and the rise production of the high-in-demand utility Apart from the rating, he feels the SUV’s have arrived in life. in Maruti’s market share has shown vehicles. “A stable commodity cost higher stance would ensure more safety, This shows up in the sales numbers. that consumers may have been waiting for a environment, along with mix improvement, especially because the daughter insists on Four years ago, SUVs were just about 26 per “Our war cry is to have a 50 per cent share of strong SUV play from Maruti. improved realisations, and cost reduction sitting in the front passenger seat. It would also cent of the passenger vehicle market; now they the passenger vehicle market. In the non-SUV KRChoksey Research says that as the efforts, will lead to margin expansion over the provide a more comfortable ride because of the are 47 per cent. This, amid rapidly increasing space, we enjoy a 65 per cent share. In utility semiconductor situation improves further, next two years,” it says. higher ground clearance; even the best road overall sales. Naturally, the country’s largest vehicles, we have been number one for the last Maruti will be able to sell more SUVs that have Played well, the SUV game is likely to trips involve a bit of rough and tumble. Then maker of passenger vehicles, Maruti Suzuki, six years, with the Ertiga and the XL6. But our a long wait list, leading to improvements in the improve Maruti’s average price realisation. there is the expandable boot space. could not stand by and watch the others drive SUV market share was 12.5 per cent at the end mix and realisation. That said, price is no longer the thing that Now that the CEO intends to do more road away with the market. of FY23,” says Shashank Srivastava, senior The shift was not easy; it cannot be if you are defines the company.

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NOTICE OF POSTAL BALLOT

Members are hereby informed that pursuant to the provisions of Section 110 read with Section 108 of the Companies Act, 2013 (hereinafter referred to as “Act”), read with Rule 22 and Rule 20 of the Companies (Management and Administration) Rules, 2014 (hereinafter referred to as “the Rules”), and other applicable provisions of the Act, rules, circulars and notifications thereunder, as amended from time to time, General Circular Nos. 14/2020 dated April 8, 2020 and 17/2020 dated April 13, 2020 read with other relevant circulars, including General Circular Nos. 11/ 2022 dated December 28, 2022 and 9/2023 dated September 25, 2023, issued by the Ministry of Corporate Affairs, (“MCA Circulars”). Dr. Reddy’s Laboratories Limited (‘the Company’) seeks their approval through postal ballot process, by voting through electronic means (‘remote e- voting’) for the Special Resolution to approve the appointment of Dr. Alpna Hansraj Seth (DIN: 01183914)) as an Independent Director of the Company, in terms of Section 149 of the Companies Act, 2013.

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In accordance with the MCA Circulars, the Postal Ballot Notice (‘Notice’), indicating, inter alia ,
the process and manner of remote e-voting, has been sent on Monday, October 16, 2023,
through electronic mode to the members whose names appear on the Register of Members/
List of Beneficial Owners as on October 6, 2023 (‘Cut-Off Date’) received from the Depositories
and whose e-mail address is registered with the Company/ Depositories. A person who is not a
member as on the Cut-Off Date shall treat this notice for information purpose only.
The Company has engaged the services of National Securities Depository Limited (‘NSDL’) to
provide e-voting facility. The e-voting period commences on Tuesday, October 17, 2023, (9:00
AM IST) and ends on Wednesday, November 15, 2023 (5:00 PM IST). The e-voting module
shall be disabled by NSDL for voting thereafter. The detailed instructions for e-voting are
provided as part of the Notice which the members are requested to read carefully before
casting their vote.
In case of any queries, members may refer the Frequently Asked Questions (FAQs) for shareholders
and e-voting user manual for shareholders available at the ‘downloads’ section of
www.evoting.nsdl.com or call NSDL Help Desk on toll free no.: +91-22-48867000 and
+91-22-24997000 or send a request at evoting@nsdl.co.in.
The Notice along with the Explanatory Statement thereto can be downloaded from the
Company’s website at www.drreddys.com. The same is also available on the website of Stock
Exchanges at www.bseindia.com and www.nseindia.com as well as on the website of NSDL at
www.evoting.nsdl.com.
The Board of the Company has appointed Mrs. Kanchan Sharma (Membership No. A44664
and COP No. 25913), Partner, failing her, Mr. Atul Mehta (Membership No. F5782 and COP No.
2486), Partner, M/s Mehta & Mehta, Company Secretaries, as the Scrutinizer for conducting
the postal ballot through the e-voting process in a fair and transparent manner.
The voting results of the postal ballot shall be declared by the Company on or before November
16, 2023. The results would be displayed at the registered office of the Company, intimated to
the NSDL and Stock Exchanges where the Company’s securities are listed, and displayed on
the Company’s website www.drreddys.com along with the Scrutinizer’s report.
Members who have not yet registered / updated their email address and hence have not yet
received the aforesaid Notice are requested to register / update their e-mail address on https:/
/www.drreddys.com/investor#investor-services#shareholder-information or with their depository
participant or send their consent at shares@drreddys.com along with their folio no./ DP id and
client id and valid e-mail address.
For Dr. Reddy’s Laboratories Ltd.
Date : October 16, 2023 K Randhir Singh
Place : Hyderabad Company Secretary, Compliance Officer and
Head-CSR
Dr. REDDY’S LABORATORIES LIMITED
Regd. Office: 8-2-337, Road No.3, Banjara Hills, Hyderabad - 500 034
CIN: L85195TG1984PLC004507, Tel: 91 40 4900 2900, Fax: 91 40 4900 2999
email: shares@drreddys.com, website: www.drreddys.com
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BAJAJ HOUSING FINANCE LIMITED

CIN: U65910PN2008PLC132228 | Registered Office: Bajaj Auto Limited Complex, Mumbai-Pune Road, Akurdi, Pune - 411 035 Corporate Office: Cerebrum IT Park, B2 Building, 5th Floor, Kumar City, Kalyani Nagar, Pune 411014. Tel.: 020-71878060 | E-mail: bhflinvestor.service@bajajfinserv.in | Website: https://www.bajajhousingfinance.in/

Extract of unaudited Financial Results for the quarter ended 30 September 2023	Extract of unaudited Financial Results for the quarter ended 30 September 2023	Extract of unaudited Financial Results for the quarter ended 30 September 2023	Extract of unaudited Financial Results for the quarter ended 30 September 2023	Extract of unaudited Financial Results for the quarter ended 30 September 2023
(` in Crore)
Sr. No.	Particulars	Quarter Ended 30.09.2023 (Reviewed)	Quarter Ended 30.09.2022 (Reviewed)	Year Ended 31.03.2023 (Audited)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22	Total Income from operations Net Proft/(Loss) for the period (before Tax, Exceptional and/or Extraordinary items) Net Proft/(Loss) for the period before tax (after Exceptional and/or Extraordinary items) Net Proft/(Loss) for the period after tax (after Exceptional and/or Extraordinary items) Total Comprehensive Income for the period [Comprising Proft/(Loss) for the period (after tax) and Other Comprehensive Income (after tax)] Paid-up equity share capital Reserves (excluding Revaluation Reserve) Securities Premium Account Net Worth Paid up Debt Capital/Outstanding Debt Outstanding redeemable Preference Shares Debt Equity Ratio Earnings per share (Face value of₹10/- each) (for continuing and discontinued operations) a. Basic (₹) b. Diluted (₹) Capital Redemption Reserve Debenture Redemption Reserve Total debts to total assets Net Proft Margin percent Gross NPA (stage 3 asset, gross) ratio Net NPA (stage 3 asset, net) ratio Provision coverage (on stage 3 asset) ratio Capital to risk-weighted assets ratio (Regulatory requirement-15%) Liquidity Coverage Ratio (Regulatory requirement-60%)	1,911.49 575.00 575.00 451.11 450.80 6,712.16 3,865.91 837.72 11,415.79 62,406.47 - 5.47 0.67 0.67 NA NA 0.84 23.60% 0.24% 0.09% 60.79% 22.64% 106.51%	1,339.81 413.78 413.78 305.98 305.98 6,712.16 2,313.42 837.72 9,863.30 46,976.61 - 4.76 0.46 0.46 NA NA 0.82 22.84% 0.24% 0.11% 54.03% 24.58% 92.92%	5,665.23 1,700.06 1,700.06 1,257.80 1,261.95 6,712.16 2,953.31 837.72 10,503.19 53,745.39 - 5.12 1.88 1.88 NA NA 0.83 22.20% 0.22% 0.08% 63.60% 22.97% 149.72%$

*not annualised $as on 31 March 2023.

Notes:

1. The above is an extract of the detailed unaudited financial results for the quarter ended 30 September 2023 which have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 16 October 2023, subjected to limited review by joint statutory auditors and filed with the stock exchange under Regulation 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), as amended. The full format of the aforesaid financial results is available on the website of the Company and BSE Limited i.e. https://www.bajajhousingfinance.in/ and www.bseindia.com, respectively. 2. Debt Service Coverage Ratio, Interest Service Coverage Ratio, Current ratio, Long term debt to working capital, Bad debts to Accounts receivable ratio, Current liability ratio, Debtors turnover, Inventory turnover, Operating margin percent are not relevant to the Company.

By order of the Board of Directors For Bajaj Housing Finance Limited Atul Jain Pune Managing Director 16 October 2023 DIN: 09561712

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