Dr. Reddy’s Labs Fined by Mexican Health Authority

Dr Reddy’s Laboratories (RDY) has released an update.

Dr. Reddy’s Laboratories Ltd. has been fined MXN 651,420 by the Mexican health regulatory authority COFEPRIS for not adhering to the pre-import notification guidelines for a reference standard of an API. The company disclosed the penalty, which equates to approximately INR 28 Lakh, as a regulatory update under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial impact of the fine has been quantified and reported to the relevant stock exchanges.

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