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DRIVIN G ROWTH - Dr. Reddy's

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232<br />

19.EXERCISE OF OPTIONS<br />

During the financial year, there were no shares of the Company issued by virtue of the exercise of options to take up unissued<br />

shares.<br />

20.UNISSUED SHARES UNDER OPTIONS<br />

There were no unissued shares of the Company under option as at the end of the financial year.<br />

21.AUDITORS<br />

M/s. Rama & Co., Certified Public Accountants, have expressed their willingness to accept re-appointment as Auditors.<br />

REDDY PHARMACEUTICALS SINGAPORE PTE LTD. | FINANCIALS | ANNUAL REPORT 2001<br />

On behalf of the board<br />

VIKRAM BERY<br />

Director<br />

Singapore KALLAM SATISH REDDY<br />

March 12, 2002 Director<br />

statement by directors<br />

We, VIKRAM BERY and KALLAM SATISH REDDY being two of the Directors of REDDY PHARMACEUTICALS SINGAPORE PTE LTD, do<br />

hereby state that in our opinion:<br />

a) the accompanying financial statements are drawn up so as to give a true and fair view of the state of affairs of the Company as<br />

at December 31, 2001 and of the results of the business and changes in equity of the Company for the financial year ended on<br />

that date; and<br />

b) at the date of this statement there are reasonable grounds to believe that the Company will be able to pay its debts as and when<br />

they fall due.<br />

On behalf of the board<br />

VIKRAM BERY<br />

Director<br />

Singapore KALLAM SATISH REDDY<br />

March 12, 2002 Director

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