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DRIVIN G ROWTH - Dr. Reddy's

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We state that no investor grievance is<br />

pending for a period exceeding one month<br />

against the Company as per the records<br />

maintained by the Shareholders/ Investors<br />

Grievance Committee.<br />

We further state that such compliance is<br />

neither an assurance as to the future<br />

viability of the Company nor the efficiency<br />

or effectiveness with which the<br />

management has conducted the affairs of<br />

the Company.<br />

for Bharat S Raut & Co. for A Ramachandra Rao & Co.<br />

Chartered Accountants Chartered Accountants<br />

Pradip Kanakia A Ramachandra Rao<br />

Partner Partner<br />

Hyderabad<br />

June 4, 2002<br />

DR. REDDY’S LABORATORIES LTD. | CORPORATE GOVERNANCE | ANNUAL REPORT 2001-2002<br />

87

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