DR REDDYS LABORATORIES LTD — Share Issue/Capital Change 2021

Dec 18, 2021

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December 18, 2021

The Secretary National Stock Exchange of India Ltd. BSE Ltd. New York Stock Exchange Inc. NSE IFSC Ltd.

Dear Sir/Madam,

Sub: Allotment of Equity Shares on exercise of ESOP

This is to inform you that the Nomination, Governance and Compensation Committee of the Board of Directors of the Company has approved the allotment of 16,967 equity shares of Rs.5/- each of the Company, fully paid up, on December 18, 2021, to employees pursuant to exercise of their Stock Options as per the following details:

• a) 5,082 equity shares of Rs. 5/- each pursuant to Dr. Reddy's Employees Stock Option Scheme, 2002.

• b) 9,385 ADR stock options of Rs. 5/- each pursuant to Dr. Reddy's Employees ADR Stock Option Scheme, 2007.

• c) 2,500 ADR stock options at fair market value pursuant to Dr. Reddy’s Employees ADR Stock Option Scheme, 2007.

Please find enclosed the details as required under Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

This is for your information and records.

With regards,

VIVEK Digitally signed by VIVEK MITTAL Date: 2021.12.18 MITTAL 20:43:04 +05'30' Vivek Mittal Global General Council and Compliance Officer

Encl: as above

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Details under Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

	1	Company name and address of Registered Office:Dr. Reddy's Laboratories Limited8-2-337, Road No.3, Banjara Hills, Hyderabad – 500034	Company name and address of Registered Office:Dr. Reddy's Laboratories Limited8-2-337, Road No.3, Banjara Hills, Hyderabad – 500034	Company name and address of Registered Office:Dr. Reddy's Laboratories Limited8-2-337, Road No.3, Banjara Hills, Hyderabad – 500034	Company name and address of Registered Office:Dr. Reddy's Laboratories Limited8-2-337, Road No.3, Banjara Hills, Hyderabad – 500034	Company name and address of Registered Office:Dr. Reddy's Laboratories Limited8-2-337, Road No.3, Banjara Hills, Hyderabad – 500034	Company name and address of Registered Office:Dr. Reddy's Laboratories Limited8-2-337, Road No.3, Banjara Hills, Hyderabad – 500034	Company name and address of Registered Office:Dr. Reddy's Laboratories Limited8-2-337, Road No.3, Banjara Hills, Hyderabad – 500034	Company name and address of Registered Office:Dr. Reddy's Laboratories Limited8-2-337, Road No.3, Banjara Hills, Hyderabad – 500034
	2	Name of the Stock Exchanges on which the company’s shares are listed:BSE LimitedNational Stock Exchange of India LimitedNew York Stock Exchange Inc. (ADRs)NSE IFSCLimited(ADRs)				shares are listed:
	3	Filing date of the statement referred in Regulation 10(b) of the SEBI (Share BasedEmployeeBenefits)Regulations,2021withStockExchange:
		The ScheScheme anunder ScheEmployee	mes were institud Employee Stodule V were fileBenefits)Regulat	tionalised underck Purchase Schd. The Schemesion,2021.	the erstwhile Seme) Guidelinescomplies with pr		EBI (Employee S, 1999 and appropovisions of SEBI (	ock Optionriate detailsShare Based
	4	Filing Nu	mber, if any: NA
	5	Title of thDr. Reddy’	e Scheme pursuas Employees Sto	nt to which sharck Options Schem	es are issued, ife, 2002 and Dr.		any:Reddy’s Employees	ADR Stock
		Options Sc	heme,2007
	6	Kid f	i b li	Ei Sh
		n o se	curty to e ste	**:**quty ares
	7	Par value	**of the shares:**Rs	. 5/-
	8	**Date of issue of shares:**December 18, 2021 (Date of allotment on exercise)
	9	**Number of shares issued:**16,967 equity shares
	10	**Share Certificate No., if applicable:**NA
	11	**Distinctive number of the share, if applicable :**171477430 to 171494396
	12	**ISIN Number of the shares if issued in Demat :**INE089A01023
	13	Exercise price per share:a. 14,467 equity shares exercised at Rs. 5/- per shareb. 2,500equityshares exercised at Rs.2,607/-per share
	14	Premium per share:a. 14,467 equity shares – Nilb. 2,500 equityshares at Rs. 2,602/-per share
	15	**Total Issued shares after this issue :**166,417,092 (*)
	16	**Total Issued share capital after this issue :**Rs. 832,085,460/-
	17	**Details of any lock-in on the shares :**NA
	18	**Date of expiry of lock-in:**NA
	19	Whether shares identical in all respects to existing shares if not, when will they becomeidentical?:Yes,the shares rankparipassu with the existingshares
	20	**Details of listing fees, if payable :**NA

(*) Total paid up capital after this issue: 166,416,892 i.e. Rs. 832,084,460 (difference of 200 due to forfeited shares of Rs. 5/- each in September 1988 due to non-payment of allotment money.)

VIVEK Digitally signed by VIVEK MITTAL MITTAL Date: 2021.12.18 20:43:37 +05'30'