Dr. Reddy’s Laboratories has addressed a media report concerning a cyber fraud incident. The company clarified that the incident involved impersonation of a vendor’s email. Due to immediate action with banking partners, the funds were frozen, preventing financial losses. The company deemed the event immaterial, thus requiring no formal disclosure.
Cyber Fraud Incident
Dr. Reddy’s Laboratories has issued a clarification regarding a media report dated November 10, 2025, concerning a cyber fraud incident. The company’s statement addresses concerns raised in the media regarding potential financial repercussions.
Incident Details and Resolution
The company confirmed that the incident involved impersonation of a vendor’s email address for illegitimate redirection of funds. However, Dr. Reddy’s clarified that due to prompt intervention by internal teams and banking partners, the affected funds were successfully frozen. As a result, the company stated there has been no financial loss sustained by Dr. Reddy’s or its vendor.
Materiality Clarification
Dr. Reddy’s emphasized that the incident, as described and resolved, does not meet the criteria for a material event requiring formal disclosure.
Source: BSE
