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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