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- Important
- Financial Update
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Dr. Reddy’s Laboratories has announced a board meeting on the financial results for the quarter and half-year. The company received a tax reassessment notice for the Assessment Year 2020-21 linked to the merger of Dr. Reddy’s Holding Limited into itself, with a proposed tax demand of about Rs. 2396 crore. The company asserts full compliance with legal and tax rules and denies any tax evasion. Promoters have agreed to indemnify the company against potential liabilities. The company is currently reviewing the notice to determine its response.