Exhibit 99.1
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 www.drreddys.com |
January 18, 2022
The Secretary
National Stock Exchange of India Ltd.
BSE Ltd.
New York Stock Exchange Inc.
NSE IFSC Ltd.
Dear Sir/Madam,
Sub: Grant of Stock Options
This is to inform you that the Nomination, Governance & Compensation Committee of the Board of Directors of the Company at its meeting held on January 17, 2022, has granted the following stock options to employees of the Company:
Sr. No. | Type of Option | Number of Options granted | Value | Exercise Price (Rs.) | ESOP Scheme |
1 | Indian stock options | 5,330* | Par value | 5 | Dr. Reddy's Employees Stock Option Scheme, 2002 |
(*) | 50% vesting at the end of third year and 50% vesting at the end of fifth year from the grant date. |
This is for your information and records.
With regards,
For Dr. Reddy’s Laboratories Limited
/s/ Vivek Mittal | |
Vivek Mittal | |
Global General Counsel and Compliance Officer |