Dr. Reddy's Laboratories Kazakhstan LLP, a subsidiary of Dr. Reddy's Laboratories, has been fined Rs 28.7 lakh (approximately KZT 17,597,212) by the Kazakhstan revenue authority.
The penalty is a result of certain expense claims being disallowed for the calendar year 2021. However, Dr. Reddy's has stated that this penalty will not have a significant impact on its overall financials, operations, or other activities.
The company is actively evaluating the situation while maintaining its operational integrity in the region.