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 |
May 11, 2026
National Stock Exchange of India Ltd. (Scrip Code: DRREDDY)
BSE Ltd. (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 that the Nomination, Governance and Compensation Committee of the Board of Directors of the Company at its meeting held on May 11, 2026, has approved the 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
| 8,16,119
| Fair Market Value | Rs. 1,293.90/- | Dr. Reddy’s Employees Stock Option Scheme, 2018 |
2 | American Depository Receipts (ADRs) Stock Options | 3,76,115 | Fair Market Value | Rs. 1,293.90 /- | Dr. Reddy's Employees ADR Stock Option Scheme, 2007
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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
BRIEF DETAILS ON THE GRANT OF STOCK OPTIONS
(Pursuant to SEBI Master Circular No. HO/49/14/14(7)2025‐CFD‐POD2/I/3762/2026
dated January 30, 2026)
S.No | Particulars | Details | |
1. | Brief details of options granted | Grant of 8,16,119 under Dr. Reddy’s Employees Stock Option Scheme, 2018, to the eligible employees of the company. | Grant of 3,76,115 stock options under Dr. Reddy's Employees ADR Stock Option Scheme, 2007 to the eligible employees of the company. |
2. | Whether the scheme is in terms of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (if applicable) | Yes | Yes |
3. | Total number of shares covered by these options | 8,16,119 | 3,76,115 |
4. |
| Rs. 1,293.90/- per stock option | Rs. 1,293.90/- per stock option |
5. | Options vested / vesting schedule | 100% vesting at the end of 3 years | 100% vesting at the end of 3 years |
6. | Time within which option may be exercised | According to respective vesting schedule | According to respective vesting schedule |
7. | Brief details of significant terms | Stock options granted are governed under the Dr. Reddy’s Employees Stock Option Scheme, 2018, which is administered and implemented by the Nomination, Governance & Compensation Committee | Stock options granted are governed under the Dr. Reddy's Employees ADR Stock Option Scheme, 2007, which is administered and implemented by the Nomination, Governance & Compensation Committee |
8. | Options exercised | Not Applicable | Not Applicable |
9. | Money realized by exercise of options |
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10. | The total number of shares arising as a result of exercise of option |
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11. | Options lapsed |
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12. | Variation of terms of options |
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13. | Subsequent changes or cancellation or exercise of such options |
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14. | Diluted earnings per share pursuant to issue of equity shares on exercise of options |
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