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The Nomination, Governance and Compensation Committee approved the allotment of 26,150 equity shares of Re. 1 each to employees under the Dr. Reddy’s Employees Stock Options Scheme, 2002. This exercise reflects the company's commitment to employee incentivization and aligns with broader talent retention strategies.
With the latest allotment, the total issued share capital has risen to Rs. 83,44,11,880, comprising 83,44,11,880 equity shares. This move could enhance employee engagement and loyalty, potentially driving productivity and overall company performance. Monitor ongoing developments as these stock options may position Dr. Reddy's favorably within the context of workforce motivation and corporate growth.