Dr. Reddy's Laboratories Ltd announced that it was awarded the "ICSI National Award for Excellence in Corporate Governance" for the year 2002. The award carries a citation and a trophy.

Speaking on the occasion, V S Vasudevan, Chief Financial Officer, Dr. Reddy's said, "We thank ICSI for this recognition. The Company has always been committed to creating and sustaining shareholder value through good corporate governance practices. We will unstintingly pursue this journey of excellence and are committed to setting benchmarks for the industry."