Dr. Reddy's rings NYSE bell to celebrate 25 years of listing

1 min read     Updated on 29 May 2026, 06:40 AM
scanx
Reviewed by
Naman SScanX News Team
AI Summary

Dr. Reddy's Laboratories celebrated 25 years of its NYSE listing by ringing the Closing Bell on May 29, 2026. The ceremony, attended by senior leadership including Chairman Satish Reddy, highlighted the company's governance and innovation. The firm was the first Asian pharmaceutical company, outside Japan, to list on the NYSE in 2001.

powered bylight_fuzz_icon
41510486

*this image is generated using AI for illustrative purposes only.

Dr. Reddy's Laboratories rang the Closing Bell at the New York Stock Exchange (NYSE) on May 29, 2026, to celebrate 25 years of its listing. The company became the first pharmaceutical firm in Asia, outside Japan, to be listed on the NYSE in April 2001. This milestone highlights the company's long-standing presence in the global market and its commitment to governance and transparency.

The ceremony took place at the NYSE headquarters in New York City at 4.00 pm EDT (1.30 am IST on May 30). It was livestreamed on NYSE.com and the New York Stock Exchange YouTube channel. The event marks a significant achievement for the company, reinforcing its position as a trusted name in the U.S. market.

The senior management team, led by Chairman Satish Reddy, participated in the ceremony. Key attendees included Erez Israeli, Chief Executive Officer; M.V. Ramana, Chief Executive Officer-Global Generics; and M.V. Narasimham, Chief Financial Officer. Independent Directors Arun M. Kumar, Penny Wan, and Sridar Iyengar (former Independent Director) were also present.

Satish Reddy, Chairman, emphasized the significance of this milestone, stating it reaffirms the company's commitment to global governance and innovation. He noted that the vision of founder Dr. K. Anji Reddy to bring affordable medicines to patients worldwide continues to drive the company's operations.

Attendee Role
Satish Reddy Chairman
Erez Israeli Chief Executive Officer
M.V. Ramana Chief Executive Officer-Global Generics
M.V. Narasimham Chief Financial Officer
Milan Kalawadia Chief Executive Officer-North America
K Randhir Singh Head-Company Secretary & CSR

Dr. Reddy's Laboratories is a global pharmaceutical company headquartered in Hyderabad, India. Established in 1984, the company offers a portfolio of products and services, including APIs, generics, branded generics, biosimilars, and OTC medicines. Its major therapeutic areas include gastrointestinal, cardiovascular, diabetology, oncology, pain management, and dermatology.

Historical Stock Returns for Dr Reddys Laboratories

1 Day5 Days1 Month6 Months1 Year5 Years
-1.34%-9.24%-3.91%+3.62%-1.69%+14.04%

How does Dr. Reddy's plan to leverage its 25-year NYSE presence to expand its biosimilars and specialty portfolio in the U.S. market?

What strategic investments is the company prioritizing to sustain innovation and R&D growth over the next decade?

How might Dr. Reddy's long-standing governance and transparency practices influence investor confidence amid evolving global regulatory landscapes?

like19
dislike

Dr. Reddy's Laboratories publishes notice on unclaimed dividend transfer

0 min read     Updated on 28 May 2026, 06:16 PM
scanx
Reviewed by
Anirudha BScanX News Team
AI Summary

Dr. Reddy's Laboratories Ltd announced the transfer of unclaimed dividends and shares to the IEPF via a notice published on May 27, 2026. The notice appeared in Business Standard and Nava Telangana, following Section 124(6) of the Companies Act, 2013.

powered bylight_fuzz_icon
41517964

*this image is generated using AI for illustrative purposes only.

Dr. Reddy's Laboratories Ltd has informed the stock exchanges about the transfer of unclaimed dividends and underlying equity shares to the Investor Education and Protection Fund (IEPF). The company published a notice in this regard on May 27, 2026, in newspapers Business Standard and Nava Telangana. This transfer is being carried out pursuant to Section 124(6) of the Companies Act, 2013, and the rules thereunder.

The disclosure was submitted to the National Stock Exchange of India Ltd and BSE Limited. The notice serves to inform shareholders and ensure compliance with regulatory requirements regarding unclaimed corporate benefits.

Details of the Disclosure

The company provided specific details regarding the publication and the regulatory framework governing the transfer of funds.

Parameter Details
Subject Transfer of unclaimed dividend and equity shares to IEPF
Publication Date May 27, 2026
Newspapers Business Standard, Nava Telangana
Regulatory Section Section 124(6) of the Companies Act, 2013

The filing was signed by K Randhir Singh, Company Secretary, Compliance Officer & Head-CSR of Dr. Reddy's Laboratories Limited. The document was digitally signed on May 27, 2026.

Historical Stock Returns for Dr Reddys Laboratories

1 Day5 Days1 Month6 Months1 Year5 Years
-1.34%-9.24%-3.91%+3.62%-1.69%+14.04%

What impact will the transfer of these unclaimed shares have on Dr. Reddy's shareholder register and voting rights?

Will the reduction in outstanding unclaimed dividends result in a noticeable improvement in the company's future administrative costs?

How might this move influence investor sentiment regarding the company's governance and compliance standards?

like20
dislike

More News on Dr Reddys Laboratories

Must Read Next

Earnings

Corporate Actions

Stocks

1 Year Returns:-1.69%