DR REDDYS LABORATORIES LTD — Share Issue/Capital Change 2021

Jun 3, 2021

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June 3, 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 allotted 43,083 equity shares of Rs.5/- each of the Company, fully paid up, on June 3, 2021 to Employees on exercise of their Stock Options as per the following details:

• a) 34,610 equity shares of Rs. 5/- each pursuant to Dr. Reddy's Employees Stock Option Scheme, 2002.

• b) 8,473 equity shares of Rs. 5/- each underlying 8,473 ADRs pursuant to Dr. Reddy's Employees ADR Stock Option Scheme, 2007.

Further, please find enclosed the details as required under Regulation 10(c) of SEBI (Share Based Employee Benefits) Regulation, 2014.

This is for your information and records.

With regards,

Digitally signed by SANDEEP PODDAR DN: c=IN, o=Personal, pseudonym=5baa65b04542ac0f9e3878c9d91f0db36 d0548a0, 2.5.4.20=bfda99c592e4dc5b7a2e12970b9505d6d516 34ab609953e7b6cd73ea7af49394, postalCode=500084, st=TELANGANA, serialNumber=8185d5106ea0d6196f14ae660c09bac3 34f5ebc1a1790e158f29af33bf208cac, cn=SANDEEP PODDAR Date: 2021.06.03 12:23:55 +05'30'

SANDEEP PODDAR

Sandeep Poddar Company Secretary

Encl: as above

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Details under Regulation 10(c) of SEBI (Share Based Employee Benefits) Regulation, 2014

1	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 Ltd.National Stock Exchange of India LimitedNew York Stock Exchange Inc. (ADRs)NSE IFSC Limited
3	Filing date of the statement referred in Regulation 10(b) of the SEBI (ShareBasedEmployeeBenefits)Regulations,2014withStockExchange:The Schemes were institutionalised under the erstwhile SEBI (Employee Stock OptionScheme and Employee Stock Purchase Scheme) Guidelines, 1999 and appropriatedetails under Schedule V were filed. The Schemes complies with provisions of SEBI(Share Based Employee Benefits)Regulation,2014.
4	**Filing Number, if any **: NA
5	Title of the Scheme pursuant to which shares are issued, if any:Dr. Reddy’s Employees Stock Options Scheme, 2002 and Dr. Reddy’s EmployeesADR Stock Options Scheme,2007
6	**Kind of security to be listed:**EquityShares
7	**Par value of the shares:**Rs. 5/-
8	**Date of issue of shares:**June 3,2021(Date of allotment on exercise)
9	**Number of shares issued:**43,083
10	**Share Certificate No., if applicable:**NA
11	**Distinctive number of the share, if applicable :**171378736 to 171421818
12	**ISIN Number of the shares if issued in Demat :**INE089A01023
13	**Exercisepriceper share:**43,083 equityshares exercised at Rs. 5/-per share
14	**Premiumper share:**NIL
15	**Total Issued shares after this issue :**166,344,514(*)
16	**Total Issued share capital after this issue :**Rs. 831,722,570/-
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 theybecome identical?:Yes,the shares rankparipassu with the existingshares
20	**Details of listing fees, ifpayable :**NA

(*) Total paid up capital after this issue: 166,344,314 i.e. Rs. 831,721,570 (difference of 200 due to forfeited shares of Rs. 5/- each in September 1988 due to non-payment of allotment money.)

SANDEEP , PODDAR

Digitally signed by SANDEEP PODDAR DN: c=IN, o=Personal, pseudonym=5baa65b04542ac0f9e3878c9d91f0db36d0548a0 , 2.5.4.20=bfda99c592e4dc5b7a2e12970b9505d6d51634ab609 953e7b6cd73ea7af49394, postalCode=500084, st=TELANGANA, serialNumber=8185d5106ea0d6196f14ae660c09bac334f5ebc 1a1790e158f29af33bf208cac, cn=SANDEEP PODDAR Date: 2021.06.03 12:24:33 +05'30'