Russian tax authority cuts penalty for Dr. Reddy’s (NYSE: RDY)
Rhea-AI Filing Summary
Dr. Reddy’s Laboratories Limited reports that its step-down wholly owned subsidiary, Dr. Reddy’s Laboratories LLC in Russia, has received a final penalty decision from the Interdistrict Inspectorate of the Federal Tax Service of Russia. The decision relates to Value Added Tax on marketing services reclassified as taxable services.
The Russian tax authority set the penalty at RUB 9.27 million (approximately INR 11.40 million), reduced from an originally quantified amount of RUB 20.09 million (approximately INR 24.50 million). The company states that this penalty has no material impact on its financials, operations or other activities.
Positive
- None.
Negative
- None.
Key Figures
Key Terms
Value Added Tax (VAT) financial
final penalty decision regulatory
step-down wholly-owned subsidiary financial
Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regulatory
Interdistrict Inspectorate of the Federal Tax Service of Russia regulatory
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
April, 2026
Commission File Number 1-15182
DR. REDDY’S LABORATORIES LIMITED
(Translation of registrant’s name into English)
8-2-337, Road No. 3, Banjara Hills
Hyderabad, Telangana 500 034, India
+91-40-49002900
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ______
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ______
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ¨ No x
If “Yes” is marked, indicate below the file number assigned to registrant in connection with Rule 12g3-2(b): 82-________.
EXHIBITS
Exhibit |
| Description of Exhibits |
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99.1 | Intimation dated April 14, 2026 |
| 2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| DR. REDDY’S LABORATORIES LIMITED (Registrant) | ||
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Date: April 14, 2026 | By: | /s/ K Randhir Singh | |
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| Name: | K Randhir Singh |
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| Title: | Company Secretary |
| 3 |
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 Web: www.drreddys.com |
April 14, 2026
National Stock Exchange of India Ltd. (Scrip Code: DRREDDY)
BSE Limited (Scrip Code: 500124)
New York Stock Exchange Inc. (Stock Code: RDY)
NSE IFSC Ltd. (Stock Code: DRREDDY)
Dear Sir/Madam,
Ref: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
In furtherance to our disclosure dated January 24, 2026, this is to inform that Dr. Reddy’s Laboratories LLC, Russia, a step-down wholly-owned subsidiary of Dr. Reddy’s Laboratories Limited has received final penalty decision on April 13, 2026, from the ‘Interdistrict Inspectorate of the Federal Tax Service of Russia’. The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are as hereunder:
S. No. | Name of the authority | : | The Interdistrict Inspectorate of the Federal Tax Service of Russia. (Tax Authority) |
1 | Nature and details of the action(s) taken, or order(s) passed | : | Dr. Reddy’s Laboratories LLC, Russia, a step-down wholly-owned subsidiary of Dr. Reddy’s Laboratories Limited received a final penalty decision from the Tax Authority. |
2 | Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | : | April 13, 2026 |
3 | Details of the violation(s)/ contravention(s) committed or alleged to be committed | : | Levy of Value Added Tax (VAT) upon re-classification of marketing services as a taxable services by the Tax Authority. |
4 | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | : | The Tax Authority has quantified a penalty of RUB 9.27 million (INR 11.40 million) as against the original quantified amount of RUB 20.09 million (INR 24.50 million)
Based on our evaluation, the above stated penalty amount has no material impact on the financials, operations, or other activities of the Company |
This is for your information and records.
Thanking you,
Yours faithfully,
For Dr. Reddy’s Laboratories Limited
K Randhir Singh
Company Secretary, Compliance Officer & Head-CSR