Dr. Reddy's Laboratories Limited announced that at its board meeting held on July 26, 2023, Mr. Sridar Iyengar will cease to be a Director (Independent Director) of the Company, with effect from close of working hours on July 30, 2023 after completion of his second term of directorship which was from July 31, 2019 to July 30, 2023. Further, the company announced that Mr. Arun M Kumar, Independent Director and member of the Audit committee of the Company, is designated as the Chairperson of the Audit Committee with effect from July 31, 2023, in place of Mr. Sridar Iyengar. Mr. Mukesh Rathi, Chief Information Officer (CIO) has resigned from his position and consequently will be ceased as member of the Management Council and Senior Management and Mr. Phanimitra B, Chief Information Officer (CIO) has been inducted as a member of the Management Council and Senior Management Personnel of the Company, effective from August 01, 2023.

Mr. Phanimitra B joined Dr Reddy's in July 2014 to setup the Global Analytics CoE and worked on laying the data foundations and analytics thinking. He built the case for organization's move to data lakes, cloud-first solution thinking for data and driving the board/management committee teams to invest into data & digital platforms. His biggest advocacy point inside the organization was about treating data as an asset and investing to use-cases with business impact. Many of the early Analytics and ML use-cases seeded by this team scaled into larger initiatives in Commercial, R&D and Manufacturing process transformation with digital.

After this Phani was the head of corporate strategy and transformation program office for ~3 years - as the company pivoted to a new set of spaces, transformed organization wide cross-functional processes and defined the 5-year strategic priorities in 2018. He worked closely with the management council and the board to articulate and drive functional transformation moves and helped connect BU priorities to the organization priorities. Mr. Phanimitra B holds a Bachelors in Engineering from BITS Pilani and an MBA from IIM Bangalore.

Prior to Dr Reddy's, Mr. Phanimitra had spent more than 10 years with Hewlett Packard in strategy, analytics & transformation consulting across industries in US, India and Asia Pacific geographies. List of Senior Management Personnel after changes effective from August 01, 2023, as approved by the Board: Mr. Erez Israeli - Chief Executive Officer; Mr. Parag Agarwal- Chief Financial Officer; Ms. Archana Bhaskar - Chief Human Resource Officer; Mr. Deepak Sapra - Chief Executive Officer ­ API and Services; Dr. Jayanth Sridhar - Global Head ­ Biologics; Mr. Marc Kikuchi - Chief Executive Officer ­ North America Generics; Mr. M.V. Narasimham - Deputy Chief Financial Officer; Mr. Patrick Aghanian - Chief Executive Officer ­ Europe Generics; Mr. Phanimitra B - Chief Information Officer; Mr. M.V. Ramana - Chief Executive Officer ­ Branded Markets (India and Emerging Markets); Dr. Ranjana Pathak - Global Head ­ Quality and Pharmacovigilance; Mr. Sanjay Sharma - Global Head ­ Manufacturing; Mr. Sushrut Kulkarni - Global Head ­ Integrated Product Development Organisation; Mr. K Randhir Singh - Company Secretary, Compliance Officer and Head­CSR.