Date:06/08/2005 URL: http://www.thehindubusinessline.com/2005/08/06/stories/2005080602250200.htm

Back Dr Reddy's seeks shareholder nod for Goa unit sale

Our Bureau

Hyderabad , Aug. 5

DR Reddy's Laboratories Ltd has informed the Bombay Stock Exchange that its shareholders would consider to approve an ordinary resolution by way of postal ballot to transfer, sell and/or dispose off the formulations facility at Verna Industrial Estate in Goa.

The company said it has appointed Mr B. Satya Reddy, Practising Company Secretary, as Scrutiniser for conducting the postal ballot process in a fair and transparent manner.

The duly completed postal ballot form should reach the Scrutiniser on or before August 31. The Scrutiniser will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced through a press release, the company said.