DR. REDDY'S LABORATORIES LTD.: SUB-STEP DOWN SUBSIDIARY INTENDS TO CLASSIFY TAX MISCLASSIFICATION

• Dr. Reddy's Laboratories, Inc., a step-down wholly owned subsidiary, received a final transcript from the Department of the Treasury, Internal Revenue Service, Cincinnati, OH, US. • The transcript dated September 25, 2026, classified an amount of $32,350.20 as a penalty levied by IRS. • The penalty is due to a misclassification of the fiscal year reference at the time of tax payment. • The transcript was received by DRL Inc. on October 2, 2026. • Based on evaluation, there is no material impact on the financials, operations, or other activities of the Company. Impact: Neutral (No material impact stated from tax penalty on subsidiary)

Dr. Reddy's Laboratories Limited

Open attachment

← Back to feed