Exhibit 99.2
Dr. Reddy’s Laboratories Ltd. 8-2-337, Road No. 3, Banjara Hills, Hyderabad - 500 034, Telangana, CIN : L85195TG1984PLC004507
Tel :+91 40 4900 2900 Fax :+91 40 4900 2999 Email :mail@drreddys.com www.drreddys.com |
January 25, 2023
National Stock Exchange of India Ltd. (Scrip Code: DRREDDY-EQ)
BSE Limited (Scrip Code: 500124)
New York Stock Exchange Inc. (Stock Code: RDY)
NSE IFSC Ltd (Stock Code: DRREDDY)
Dear Sir/Madam,
Sub: | Disclosure under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 |
This is to inform you that the Nomination, Governance and Compensation Committee of the Board of Directors of the Company at its meeting held on January 24, 2023, has approved the following grant of Stock Options to the eligible employees under the Employees Stock Option Schemes of the Company:
Sl. No. | Type of Option(s) | Number of Options granted | Value | Exercise Price per share | ESOP Scheme | |||||
1 | Indian Stock Options | *3,234 | Fair Market Value | Rs. 4,338/- | Dr. Reddy’s Stock Option Scheme, 2018 |
*These options shall vest equally in 4 years
This is for your information and records.
Thanking you.
Yours faithfully,
For Dr. Reddy’s Laboratories Limited
/s/ K Randhir Singh | |
K Randhir Singh | |
Company Secretary, Compliance Officer & Head-CSR |