Announced Thu, 23 Jul · 21:09 IST
AGM approves director changes and new statutory auditor
Management Changes View source PDF
DRREDDY · price
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Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹1169.80
prior close
₹1147.00
base price
After-mkt
timing
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+0.3+0.4+0.1-0.1-1.7—————————
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AI summary
At the 42nd AGM on July 23, 2026, shareholders approved: re-appointment of Dr. K P Krishnan as Independent Director for a second 5-year term from January 2027 to January 2032; appointment of Mr. Srikanth Velamakanni (Co-Founder and Group CEO of Fractal, Chairperson of Nasscom) as Independent Director for 5 years from July 2026; and appointment of Deloitte Haskins and Sells LLP as Statutory Auditors for 5 years.
Likely market impact
Routine governance updates. New auditor (Deloitte) and a tech-focused independent director suggest board and audit refresh.