DR REDDYS LABORATORIES LTD — Major Shareholding Notification 2021

Mar 26, 2021

Date: March 26, 2021

The Secretary BSE Limited The National Stock Exchange of India Ltd.

Dear Sir/Madam,

Sub: Inter se transfer of shares amongst Promoter Group of Dr. Reddy's Laboratories Limited (Scrip Code: BSE-500124, NSE-DRREDDY)

Ref: Disclosure under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (Takeover Regulations)

This is with reference to our intimation sent to you on March 19, 2021 under Regulation 10(5) of Takeover Regulations. The intimation was pertaining to the intention of Mr. Gunupati Venkateswara Prasad, Promoter of Dr. Reddy's Laboratories Limited ('Company'), to execute off market inter-se transfer of 11,17,940 equity shares of the Company by way of gift, to Gunupati Venkateswara Prasad - HUF which is also a part of the existing Promoter group of the Company.

In this regard, we would like to inform you that Gunupati Venkateswara Prasad - HUF has acquired 11,17,940 equity shares from Mr. Gunupati Venkateswara Prasad, Promoter of the Company on March 26, 2021, by way of gift.

Consequent to the above transfer, the shareholding of Gunupati Venkateswara Prasad - HUF will increase from Nil to 11,17,940 (0.67%). The aggregate holding of the Promoter group shall remain same post this transaction.

In this regard, the following documents are enclosed herewith for your information and records:

• 1. Disclosure under Regulation 10(6) of the Takeover Regulations; and
• 1. Disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of shares and Takeovers) Regulations, 2011.

Thanking you

With regards, For Gunupati Venkateswara Prasad - HUF Gunupati Venkateswara Prasad Digitally signed by Gunupati Venkateswara Prasad DN: c=IN, o=Personal, postalCode=500034, st=Telangana, serialNumber=ec14aede7b3ae737e2ca5c52a2ac8803a96ef0e52d1c dbcf2a0a0bfee910f253, cn=Gunupati Venkateswara Prasad Date: 2021.03.26 19:18:36 +05'30'

Gunupati Venkateswara Prasad Karta

CC: Dr. Reddy's Laboratories Limited

Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Name of the Target Company (TC)		Dr. Reddy's Laboratories Limited
		Acquirer	Gunupati Venkateswara Prasad - HUF
Name(s) of the acquirer and Persons Acting in Concert(PAC) with the acquirer		PACs(1) (other than acquirer and seller)·Dr. Reddy's Holdings Limited·Mrs. K Samrajyam Reddy·Mrs. G Anuradha·Mr. K Satish Reddy·Mr. G Sharath Chandra Reddy
Whether the acquirer belongs to Promoter/Promoter group		Yes
Name(s) of the Stock Exchange(s) where the shares of TCare Listed		BSE Ltd, National Stock Exchange Ltd,ADRs are Listed on New York StockExchange Inc. and NSE-IFSC Ltd.
Details of the acquisition / disposal as follows		Number ofequityshares	% w.r.t.totalshare/votingcapitalwhereverapplicable(*)	% w.r.t. totaldilutedshare/votingcapital of theTC(**)
	Before the acquisition under consideration, holding of :
a)	Shares carrying voting rights	44,461,128	26.74	26.74
	b) Shares in the nature of encumbrance (pledge/lien/non-disposal undertaking/ others)	-	-	-
	c) Voting rights (VR) otherwise than by shares	-	-	-
	d) Warrants/convertiblesecurities/anyotherinstrumentthat entitles the acquirer to receive sharescarrying	-	-	-

Digitally signed by Gunupati Venkateswara Prasad DN: c=IN, o=Personal, postalCode=500034, st=Telangana, serialNumber=ec14aede7b3ae737e2ca5c52a2ac8803a96e

	voting rights in the T C (specify holding in each
	category)
e)	Total (a+b+c+d)	44,461,128	26.74	26.74
	Details of acquisition/sale***
	a) Shares carrying voting rights acquired/sold	-	-	-
	b) VRs acquired /sold otherwise than by shares	-	-	-
	c) Warrants/convertiblesecurities/anyotherinstrument that entitles the acquirer to receiveshares carrying voting rights in the TC (specifyholding in each category) acquired/sold	-	-	-
	d) Shares encumbered / invoked/released by theacquirer	-	-	-
	e) Total (a+b+c+d)	-	-	-
After the acquisition/sale, holding of:a)Shares carrying voting rightsb)Shares encumbered with the acquirerc)VRs otherwise than by sharesd)Warrants/convertible securities/any other instrumentthat entitles the acquirer to receive shares carryingvoting rights in the TC (specify holding in eachcategory) after acquisition		44,461,128	26.74	26.74
e)	Total (a+b+c+d)		26.74	26.74
Mode of acquisition / sale (e.g. open market / off-market /public issue / rights issue / preferential allotment / inter-setransfer etc).		Offmarketinter-setransfer fromMr.Gunupati Venkateswara Prasad, promoter,individual account to his HUF account (partof existing promoter group), by way of gift
Date of acquisition / sale of shares / VR or date of receipt ofintimation of allotment of shares, whichever is applicable		March 26, 2021
Equity share capital / total voting capital of the TC beforethe said acquisition / sale		Rs. 831,506,155/- (166,301,231 Equityshares of Rs. 5/- each.)
Equity share capital/ total voting capital of the TC after thesaid acquisition / sale		Rs. 831,506,155/- (166,301,231 Equityshares of Rs. 5/- each.)

Total diluted share/voting capital of the TC after the said	Rs. 831,506,155/- (166,301,231 Equity
acquisition	shares of Rs. 5/- each.)

(1) In addition, the PACs also include Mrs. K Deepti Reddy, APS Trust, VSD Holdings & Advisory LLP, K Satish Reddy (HUF), Mrs. G Vani Sanjana Reddy, Mrs. G Mallika Reddy, Mrs. K Shravya Reddy and Mr. K Vishal Reddy with nil holdings.

(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015.

(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

(***) Off-market inter se transfer of shares amongst promoter group, by way of gift. Gunupati Venkateswara Prasad - HUF, part of the existing promoter group of the Company, has acquired 11,17,940 equity shares of the Company, from Mr. Gunupati Venkateswara Prasad, promoter of the Company. The aggregate holding of the Promoter Group remains unchanged post this transaction.

Gunupati Venkateswara Prasad - HUF

Gunupati	Digitally signed by GunupatiVenkateswara PrasadDN: c=IN, o=Personal,
Venkateswa	postalCode=500034, st=Telangana,serialNumber=ec14aede7b3ae737e2ca5c52a2ac8803a96ef0e52d1cdbcf
ra Prasad	2a0a0bfee910f253, cn=GunupatiVenkateswara PrasadDate: 2021.03.26 19:21:58 +05'30'

Gunupati Venkateswara Prasad

Karta

Place: Hyderabad

Date: 26-03-2021