DRIVIN G ROWTH - Dr. Reddy's

The remuneration payable by way of salary, perquisites and commission would be as follows:
A) Salary – Rs. 60,000
B) Perquisites
Category A
1. Housing – Rent free accommodation or house rent allowance of Rs. 30,000 p.m.
2. Medical reimbursement – For self and family as per the rules of the Company, value not exceeding one month’s salary
3. Leave travel assistance – As per the rules of the Company; value not exceeding one month’s salary
4. Personal accident insurance – Rs. 6,000 p.a.
Category B
1. Contribution to Provident Fund, Superannuation Fund or Annuity Fund. This will not be included in the computation of the
ceiling on perquisites to the extent these either singly or put together are not taxable under the Income Tax Act, 1961.
Gratuity payable shall not exceed half-a-month’s salary for each completed year of service.
2. Encashment of leave at the end of the tenure will not be included in the computation of the ceiling on perquisites.
Category C
Provision of car for use on Company’s business and telephone at residence. These will not be considered as perquisites. The
Company shall bill personal long distance calls on telephone and use of car for private purpose.
C) Commission
In addition to the salary and perquisites, the Managing Director and COO will also be eligible to receive commission upto 0.5%
of the net profits of the Company as may be decided by the Board of Directors of the Company.
12. To consider and if thought fit, to pass the following resolution as a special resolution:
“RESOLVED THAT the Articles of Association of the Company be amended by inserting the following Article 115A after
Article 115:
115A Subject to the applicable provisions of the Companies Act, 1956 or any other applicable provisions as may be stipulated by
the regulatory authorities, the Company shall have powers to hold the meeting of Board and Committees thereof through video
conferencing or tele-conferencing.”
NOTE:
1. An explanatory statement pursuant to section 173 (2) of the Companies Act, 1956 in respect of the special business is annexed
hereto.
2. A member entitled to attend and vote is entitled to appoint a proxy to attend and vote instead of himself and the proxy need not
be a member of the Company. The instrument of proxy in order to be effective, must be deposited at the registered office of the
Company, duly completed and signed not less than 48 hours before the meeting.
3. The register of members and the share transfer books of the Company will remain closed from August 13, 2002 to August 20,
2002 (both days inclusive) in connection with the payment of final dividend for the year ended March 31, 2002.
4. Dividend if declared at the annual general meeting, will be payable to those members whose names appear on the Company’s
register of members as on August 20, 2002.
5. The shareholders are requested to intimate immediately any change in their address or mandates to their depository participants
with whom they are maintaining their demat accounts or to the Company if the shares are held on certificate form.
6. For the convenience of Members and for proper conduct of the meeting, entry to the place of meeting will be regulated by the
attendance slip, which is attached with the proxy form. Members are requested to affix their signature at the place provided on
the attendance slip and hand over first part of it at the entrance of the venue.
7. Shareholders desiring any information as regards the accounts are requested to write to the Company at an early date so as to
enable the management to keep the information ready.
By the order of the board
Hyderabad SANTOSH KUMAR NAIR
June 4, 2002 Company Secretary
NOTICE | FINANCIALS | ANNUAL REPORT 2001-2002
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