DR.REDDY'S LABORATORIES LTD. - Updates on Grant of Stock Options

With reference to the earlier letter dated May 20, 2015 regarding Grant of Stock Options by the Company, Dr Reddys Laboratories Ltd has now informed BSE that a grant of 1,600 option was erroneously included under Dr. Reddys Employees Stock Option Scheme, 2002 instead of being included under Dr. Reddys Employees ADR Stock Option Scheme, 2007.<BR><BR>Accordingly, the corrected grants to be read as -<BR><BR>"102,224 stock options, exercisable at par value of Rs. 5/- under Dr. Reddys Employees Stock Option Scheme, 2002 and 40,184 stock options, exercisable at par value of Rs. 5/-under Dr. Reddys Employees ADR Stock Option Scheme, 2007.<BR><BR>The total grant of 142,408 stock options and other terms and conditions of such grant remains the same, as communicated vide referred letter.