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Policy for Determining Material Subsidiaries  
 

DR. REDDY’S LABORATORIES LIMITED

POLICY FOR DETERMINING MATERIAL SUBSIDIARIES


Material Subsidiaries

In terms of Clause 49(V)(D) of the Listing Agreement, a subsidiary will be considered as “Material” subsidiary if:

  1. the investment of the Company in the subsidiary exceeds twenty percent of its consolidated net worth as per the audited balance sheet of the previous financial year or;
  2. the subsidiary has generated twenty percent of the consolidated income of the Company during the previous financial year.

Disclosure

The Company shall disclose this Policy on its website and a web link thereto shall be provided in the Annual Report.

Policy Review

The Audit Committee may review this policy from time to time and recommend any changes to the Board for approval.